Andean Plan of Good Corporate Governance: Fundamental Principles, 2005, Quito Stock Exchange (BVQ), the Superintendence of Companies, and the Andean Development Corporation (CAF).

South America Current 2005

This initiative contributes a base document, setting the fundamental principles that companies should follow to obtain good corporate governance. The Andean Plan of Good Corporate Governance proposes the use of additional behavioral patterns (not compulsory) before those demanded by the Stock Market Law and its regulations. The main objective is to encourage the development of the stock market by means of good corporate governance practices, in particular sharing information adequately, sound use of resources, and management of stakeholder relationships.

Scope

Governance

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Issuer type

Stock Exchange

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners