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Code of Best Corporate Governance Practices

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Summary

In its formal structure, the new Country Code is similar to its 2007 version. Consequently, it still identifies five (5) major Corporate Governance areas, and within them, thirty-three (33) concrete measures on key governance aspects. For better understanding and progression, some measures are divided into several recommendations, which are enumerated on a sequential basis. Therefore, the Country Code proposes up to one hundred and forty-eight (148) Corporate Governance recommendations.

Issuer

Colombia

Year

2014

Region

South America

Issuer (type)

ANDI; Asobancaria; Asofiduciarias; Asofondos; Colombia Stock Exchange (Bolsa de Valores de Colombia); Confecámaras; Federation of Colombian Insurers (Fasecolda); Issuers Committee of the Colombian Stock Exchange (Comité de Emisores de la Bolsa de Valores de Colombia); CAF; Financial Superintendency of Colombia (Superintendencia Financiera de Colombia) (Stock Exchange, Industry)

Instrument type

Code

Disclosure instrument

Yes

Geographical scope

National

Mandatory or voluntary

Voluntary

Text analysis

    • Low 0.47%
    • Low 0.03%
    • E focus: environment
    • S focus: recruitment, compensation
    • G focus: internal control, risk management, audit
    • Finance, Management, Professional services