Analysis of corporate governance regulatory framework for Argentina

Authors

  • Anahí Briozzo CONICET
  • Diana Albanese National University of the South
  • Diego Santolíquido National University of the South
  • Agustín Argañaraz National University of the South
  • Eliana Barco National University of the South

Keywords:

Corporate governance; Regulation; Organization for Economic Co-operation and Development (OECD).

Abstract

Corporate governance (CG) describes how a company should be managed, directed and controlled, which involves the roles of shareholders and directors of the company, and the integrity of financial reports. The aim of this paper is to analyze the CG regulatory framework for companies that make public offer of their securities on the Stock Markets of Argentina. The mandatory requirements are studied comparatively with the recommendations of the Organization for Economic Co-operation and Development (OECD). The analysis is grouped according to five dimensions: 1) the composition and operation of the board, 2) transparency and integrity of information, 3) related parties, ethics, conflicts of interests and corporate social responsibility, 4) protection of shareholders, and 5) risk measurement, management, and disclosure. Relevant aspects are the right to equal treatment of shareholders, including minority and foreign shareholders; the obligation to appoint an audit committee, in order to ensure the integrity of reporting, accounting and financial reporting systems of the company, and the availability of appropriate control systems and, in particular, the emphasis on risk management systems. Finally, we observe overlap and duplication in reporting requirements, which takes us to consider the need for the revision of current legislation.

Author Biographies

Anahí Briozzo , CONICET

Licenciada en Administración, Doctora en Economía (UNS). Profesora Asociada del Departamento de Ciencias de la Administración (DCA) de la Universidad Nacional del Sur (UNS) (Argentina). Investigadora Adjunta del IIESS (CONICET-UNS). Temas de investigación: gobierno corporativo y financiamiento en pymes.

Diana Albanese, National University of the South

Public Accountant and Master in Administration (UNS). Associate Professor at DCA-UNS. Research topics: audit and corporate governance.

Diego Santolíquido, National University of the South

Bachelor of Administration (UNS). Research area: corporate governance.

Agustín Argañaraz, National University of the South

Public Accountant, Doctor of Administration Sciences (UNS). Adjunct Professor at DCA-UNS. Research area: accounting, auditing and information systems.

Eliana Barco , National University of the South

Degree in Administration, Magister in Administration (UNS). Associate Professor at DCA-UNS, research area: corporate governance.

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Published

2018-01-02

How to Cite

Briozzo , A. ., Albanese, D. ., Santolíquido, D. ., Argañaraz, A. ., & Barco , E. . (2018). Analysis of corporate governance regulatory framework for Argentina. Scientific Journal Visión De Futuro, 22(1). Retrieved from https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/143

Issue

Vol. 22 No. 1 (2018): January / June

Section

Original Articles

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Copyright (c) 2018 Anahí Briozzo, Diana Albanese, Diego Santoliquido, Agustín Argañaraz, Eliana Barco


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