Publication:
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment

Loading...
Thumbnail Image
Files in English
English PDF (478.53 KB)
188 downloads
English Text (197.02 KB)
137 downloads
Date
2005-09
ISSN
Published
2005-09
Author(s)
Abstract
This report provides an assessment of Uruguay's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Uruguay. The paper discusses Uruguay's recent advances in financial and economic stability have given rise to an adequate basis for capital markets deepening and growth. However, these initial advances were jeopardized by a series of defaulting securities issuers and the 2002 financial instability episode which led to a perception of high risk and unpredictability of capital markets. The report then identifies several key steps to take in order to set strong corporate governance efficiency in the state owned financial sector. These steps include: improving corporate information, particularly ownership disclosure, related party transactions procedures, and financial reporting; promoting effective and active boards of directors; strengthening institutions, including the securities regulator, and the companies registry; and modernizing securities markets by strengthening intermediation and related regulations.
Link to Data Set
Citation
World Bank. 2005. Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment. © Washington, DC. http://hdl.handle.net/10986/8766 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations