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Norma de Caracter General No 309

General Standard No. 309

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Summary

This standard establishes principles and good practices of adequate corporate governance and risk management and internal control systems in insurance companies. Although their implementation may adopt different modalities in the different companies, these principles and good practices will serve as the basis for the evaluation of the quality of corporate governance that the Superintendence will carry out, within the framework of the application of the new supervision model.

Issuer

Chile

Year

2011

Region

South America

Issuer (type)

Securities and Insurance Superintendency (Superintendencia Valores y Seguros) (Financial Regulator)

Instrument type

Law

Disclosure instrument

Yes

Geographical scope

National

Mandatory or voluntary

Mandatory

Text analysis

    • Low 0.58%
    • Moderate 0.15%
    • E focus: environment
    • S focus: compensation
    • G focus: audit, internal control, money laundering, risk management, accountability
    • Finance, Information, Management, Manufacturing, Transportation