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Corporate Governing in Latin America

The Importance of Scandals to Institute Change

Palgrave Macmillan
  • Offers a comprehensive assessment of the main governance models operating in the leading six countries in the region
  • Presents perspectives from experts in each country with unparalleled access to their respective governing elites
  • Extracts managerial and theoretical lessons from each country
  • 772 Accesses

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxxiv
  2. Introduction - Innovations & Drawbacks in Evolving Governing Practices

    • Gonzalo Jiménez-Seminario, Jonathan Callund
    Pages 1-10
  3. Theoretical Framework

    • Gonzalo Jiménez-Seminario
    Pages 11-38
  4. Regional Chapters

    1. Front Matter

      Pages 39-39
    2. The Latin American Corporate Governing Landscape—Its Past, Present, and Future

      • Andrés Bernal, Catalina Rojas, Michelle Mora
      Pages 169-202
    3. The Institutional Construction of Corporate Governing in Latin America

      • Magdalena Díaz Le-Fort, Gonzalo Jiménez-Seminario, Jonathan Callund
      Pages 203-222
  5. Country Chapters

    1. Front Matter

      Pages 223-223
    2. Argentina

      • Hugo Gaggiotti, María de los Ángeles Lucero Bringas, Ismail Adelopo
      Pages 225-246
    3. Brazil

      • Dante Mendes Aldrighi, Luiz Ricardo Kabbach de Castro
      Pages 247-270
    4. Chile

      • Matias Zegers Ruíz-Tagle, Carla Meza Morales
      Pages 271-303
    5. Colombia

      • Eulalia Sanín, Óscar Armando Pardo Aragón
      Pages 305-334
    6. Mexico

      • Edgar Rogelio Ramírez-Solís, Verónica Ilián Baños-Monroy, Fernando Sandoval
      Pages 335-355
    7. Peru

      • Enrique Díaz Ortega
      Pages 357-392
  6. Back Matter

    Pages 393-400

About this book

Grounded in institutional theories, this volume offers a framework for understanding the evolution of corporate governance in the six leading Latin American countries, namely Argentina, Brazil, Chile, Colombia, Mexico, and Peru.

Applying inductive qualitative methods, it postulates the notion of governing as a dynamic, emergent and contextual process and traces its evolution and adaption to the different configurations of institutional logics in each country and the region as a whole over several decades.

Adopting corporate governance scandals as the lens through which to observe institutional change in each country, this book reveals the sources of societal transformations, identifying key lessons as well as meaningful setbacks along the way.

This edited collection helps appreciate the role and interactions of corporate elites, stakeholders and watchdogs, including the visible hands of government and multinational corporations, presenting comparisons across the countries, the region and the broader evolution of governing practices around the globe.

The result is a book combining scholarly rigor and practical relevance, looking to serve as an emerging markets benchmark guide for practitioners, researchers and thinktanks alike.

Reviews

“This book is clearly the new reference on corporate governance research in Latin America. It has many layers to it. While it describes the main theoretical approaches, it also stimulates the reader by showing how different corporate scandals in Latin America have shaped these country’s corporate governance practices. Then it turns to a systematic discussion of six countries’ corporate governance systems based on its legal system and existing governance practices and it also has a sharp analytical perspective in forecasting what’s in the future. Thus, this book is targeted to academic as well as practitioners who want to understand better the past, present and future of corporate governance in Latin America.” (Professor Ruth V. Aguilera, Brodsky Professor of Global Governance, Northeastern University)

“Most of the world’s thriving businesses are owned by families or a state. But you wouldn’t know that from the overwhelming focus of global corporate governance scholarship, whichhas for years been trained on the escapades of publicly traded enterprises in big developed markets. Finally the aperture is widening, thanks in no small part to Corporate Governing in Latin America - The Importance of Scandals to Institute Change, edited by Jonathan Callund, Gonzalo Jiménez-Seminario, and Neil Pyper. The authors keep academics happy with solid theory about what distinguishes one market from another. For practitioners—that is, investors, companies, or executives—this book is a gold mine of real-world insights on how corporate governance works, or doesn’t, across six Latin American markets. One key finding: Scandal, sometimes at monstrous scale, plays an outsized role in driving change in each country. But this makes the region a crucible of global significance: eruptions are what happens when entrenched power faces the shock troops of global capitalism in the form of foreign financial agents, international standards, probing media. The outcomes of such clashes are what now shape Latin America’s corporate future. Callund, Jiménez-Seminario, Pyper, and their many chapter authors are the indispensable guides we need to understand and navigate it.” (Professor Stephen Davis, Senior Fellow and Associate Director, Harvard Law School - Program on Corporate Governance)

Editors and Affiliations

  • Callund y Compañía Ltda, Santiago, Chile

    Jonathan Callund

  • Pontificia Universidad Católica de Chile, Santiago, Chile

    Gonzalo Jiménez-Seminario

  • International Business, School of Business, Economics and Informatics, University of London, Birkbeck, UK

    Neil Pyper

About the editors

Jonathan Callund is Independent Nominee Director for IFC and financial services corporations in Europe and Latin America, and he is CEO Callund y Compañía Ltda. Partner, MC2 Salud.

Gonzalo Jiménez  Seminario is Professor of Governance, Strategy & Family Business in the Engineering School at Pontificia Universidad Católica de Chile, Chile. He is CEO at PROTEUS Management, Governance & Effectuation. He is Independent Board Member.

Neil Pyper is Assistant Dean (Education) and Senior Lecturer in International Business, School of Business, Economics and Informatics, Birkbeck, University of London, UK.


Bibliographic Information

  • Book Title: Corporate Governing in Latin America

  • Book Subtitle: The Importance of Scandals to Institute Change

  • Editors: Jonathan Callund, Gonzalo Jiménez-Seminario, Neil Pyper

  • DOI: https://doi.org/10.1007/978-3-030-85780-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Social Sciences, Social Sciences (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2023

  • Hardcover ISBN: 978-3-030-85779-0Published: 02 January 2023

  • Softcover ISBN: 978-3-030-85782-0Published: 03 January 2024

  • eBook ISBN: 978-3-030-85780-6Published: 01 January 2023

  • Edition Number: 1

  • Number of Pages: XXXIV, 400

  • Number of Illustrations: 1 b/w illustrations, 6 illustrations in colour

  • Topics: Corporate Governance, Business Strategy/Leadership, Management, Emerging Markets/Globalization

Buy it now

Buying options

eBook USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access