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Corporate Governance Andean Code

Bolivia Forthcoming

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 notes

initiated by OECD

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






South America

Issuer type

Non-governmental organisation

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary


The geographical scope

International/regional (EU)

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