Franklin

Corporate Governance in Costa Rica / Organisation for Economic Co-operation and Development.

Author/Creator:
Organisation for Economic Co-operation and Development.
Publication:
Paris : OECD Publishing, 2020.
Format/Description:
Government document
Book
1 online resource (136 pages)
Series:
Corporate governance 20776535.
Corporate Governance 20776535.
Status/Location:
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Details

Subjects:
Governance.
Local subjects:
Costa Rica. (search)
Summary:
This review of Corporate Governance in Costa Rica was prepared as part of Costa Rica's accession process for OECD membership. During the three-year period of the review, the government made substantial progress in strengthening its institutional and legal framework in line with the G20/OECD Principles of Corporate Governance and OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The report evaluates Costa Rica's corporate governance policies and practices for both listed and state-owned companies. It finds that while Costa Rica's capital market is quite small, its framework for corporate governance of listed companies is largely consistent with the Principles. Costa Rica has seen particular progress in issuing a new corporate governance code and requirements related to ownership disclosure. For SOEs, which play a key role in the Costa Rican economy, the Presidency has taken important steps to establish a co-ordinating unit which has spearheaded numerous reforms. These reforms include issuing a government ownership policy, more transparent and structured appointments of SOE board members (while removing politicians from boards), and reporting on SOEs' performance. To further strengthen SOE performance and accountability, the report recommends additional steps to improve board practices, clarify performance objectives and implement International Financial Reporting Standards.
Contents:
Glossary of terms and institutions
Review against the core corporate governance principles
The landscape for combatting corruption and review against the OECD Anti-Corruption and Integrity Guidelines for SOEs
Foreword
Introduction
Executive summary
The corporate governance landscape
Aggregate data on SOEs held at the central government level 2018
Conclusions and recommendations
State-owned enterprises and subsidiaries 2018.
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
SourceOECD (Online service)
ISBN:
9789264486119
9789264458925
9789264536524
Access Restriction:
Restricted for use by site license.