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22 - Argentina

Corporate governance of private and public companies

from C - The Americas

Published online by Cambridge University Press:  05 July 2013

By
Raúl A. Etcheverry  and
Rafael M. Manóvil
Edited by
Andreas M. Fleckner  and
Klaus J. Hopt
Andreas M. Fleckner
Affiliation:
Max-Planck-Institut für ausländisches und internationales Privatrecht, Germany
Klaus J. Hopt
Affiliation:
Max-Planck-Institut für ausländisches und internationales Privatrecht, Germany
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Summary

General information on corporate governance

Definition of corporate governance

Argentina's legal and regulatory framework does not provide a definition of corporate governance. Decree No. 677/2001 – the backbone of the corporate governance regime enacted on May 22, 2001 – refers to the relevance of adequate corporate governance practices. The decree also outlines the need of enacting a regulatory framework establishing principles such as “full disclosure,” “transparency,” “efficiency,” “investors' protection,” “equal treatment among investors,” and “protection of the entities and financial intermediaries' stability.”

It goes on to characterize “corporate governance practices” as principles, and qualifies such practices as “good” or “adequate.” Pursuing such good practices, the decree sets forth a series of principles, duties, and rules – to be explained in detail below – that are considered to fit the required standard.

Type
Chapter
Information
Comparative Corporate Governance
A Functional and International Analysis
 , pp. 958 - 1012
Publisher: Cambridge University Press
Print publication year: 2013

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References

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