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Corporate Governance Andean Code (2)

Venezuela Current 2010

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 - CAF

Government ministry

Business/Trade/Industry

Government ministry notes

This Framework Code was created to involed directly companies in Andean region. Was created by the Latin America

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)

All

ESG coverage- Eco (Economic & General)

All

Status

Current

Country

Venezuela

Region

South America

Date of publication

2010

Issuer type

Non-governmental organisation

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Voluntary

The geographical scope

International/regional (EU)

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