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Corporate Governance Andean Code (1)

Colombia Current 2007

The Code provides a Corporate Governance framework for the five Andean countries (Bolivia, Colombia, Ecuador, Peru and Venezuela). An annual Corporate Governance Report is required (section 7) that will provide an “evaluation and overview of the observance of the internal rules on corporate governance”. The Code adopts the "comply or explain" principle, for which the Board must take responsibility annually.

Issuer name

OECD Initiative

More information

The guideline is divided into three sections. The first section corresponds to the introduction in which the relevance of sustainability reports in their contribution to the 2030 Agenda is addressed. This section also describes the fundamental purpose of the guideline and its structure. The second section provides information on the contribution of the sector guideline to the national context. The third and final section describes the referential framework in which the material aspects of the meat, fish and shellfish sectors are reflected through a classification of topics and sub-themes. These themes and sub-themes are measurable and verifiable through indicators, which are described in detail through a methodological sheet. Likewise, this last section integrates the step-by-step approach to the preparation of sustainability reports.

Reporting resources


Comply or explain


Organizations covered by the instrument

Large private and listed companies

Target organization notes

at least by those companies looking to expand their horizons towards different sources of finance, such as heavily-regulated collective schemes.

Industry scope

All/none specified

Disclosure venue

annual report

ESG coverage- G (Governance)







South America

Date of publication


Issuer type

Non-governmental organisation

Reporting requirements

Guidelines and standards for non-financial reporting

Mandatory or voluntary


The geographical scope

International/regional (EU)

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