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New Code of Best Corporate Governance Practices

Colombia Current 2014

The code is a revision of the Country Code for Corporate Governance, made up of 33 measures and 148 recommendations, that are framed by a comply or explain principle

Issuer name

Superintendencia Financiera de Colombia (SFC)

More information

The Corporate Governance areas featured by the Country Code are: I. Shareholder Rights and Equal Treatment. II. General Assembly of Shareholders. III. Board of Directors. IV. Control Architecture. V. Financial and Non-Financial Transparency and Information. Certain information has been added, which are particularly applicable to the financial sector and to conglomerates.

Reporting resources

True

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

all entities that have securities registered in the RNVE except the Nation, collective investment funds, the Law 546 of 1999 “universalidades”, local authorities under Article 286 of the Political Constitution, multilateral lending agencies, foreign governments, foreign public agencies, branches of foreign companies and foreign entities

Industry scope

All/none specified

Disclosure venue

Annual report

ESG coverage- G (Governance)

All

Status

Current

Country

Colombia

Region

South America

Date of publication

2014

Issuer type

Financial Market Regulators

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Go to the instrument