Santiago Chaher and Juan Cruz Díaz participated at the 4th OECD Latin American Network on Corporate Governance of State-Owned Enterprises Task Force Meeting held at U.N.’s Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile on June 2 & 3, 2015. The event, supported by CAF, World Bank and the Comisión Nacional del Mercado de Valores (Spain), had Mr. Chaher moderating the panel on “Building Effective Boards in Latin American SOEs: Benchmarking Progress” and introducing the working paper OECD Board Practices and Financing for Latin American State-owned Enterprises. “There are positive trends that support boards’ shift from oversight bodies entrusted with compliance toward driving performance and strategy” Mr. Chaher said.
The objective of the Network is to enhance SOE governance in Latin America through an ongoing exchange of experience and knowledge on SOE governance policies, practices and reforms, using the OECD Guidelines on Corporate Governance of State-Owned Enterprises as the main conceptual framework for discussion. Building on the OECD’s Guidelines, CAF’s Guidelines for Good Corporate Governance of SOEs provide an additional useful reference adapted to the Latin American context. The Network provides a forum to leverage the experience of a range of governments and other institutions to share knowledge on policy, institutional frameworks and best practices to support corporate governance improvements in SOEs across the region.