"This document examines how effectively boards manage to align executive and board remuneration with the longer-term interests of their companies. This is a major and ongoing issue in many companies and one of the key failures highlighted by the financial crisis. Aligning incentives seems to be...

Foreword -- Executive Summary -- The importance of institutional investors in promoting good governance -- The Latin American context -- Recommendations to strengthen policy and good practices -- Additional steps: strengthening market forces -- Bibliography

This review of corporate governance in Chile describes the corporate governance setting including the structure and ownership concentration of listed companies and the structure and operation of the state-owned sector. It then examines the legal and regulatory framework and company practices to...