| Euromoney’s 2009 best managed companies in Latin America | |
| Petrobras makes the most of a special situation | |
| Award winners | |
| Highest standard of corporate governance | Most convincing and coherent business strategy |
| Most improved | Most transparent accounts |
| Most accessible senior management | Most useful and informative website |
| Best small company | Most convincing and coherent by country |
| Most convincing and coherent by sector | Best corporate governance by country |
| Methodology | |
|
Euromoney’s Latin American company ranking is based on a survey of market analysts at banks and research institutes in Latin America. |
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| Airlines and aviation | ||||
| No. of companies cited: 10 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | LAN Airlines | 38.0% | Chile |
| 2 | 3 | TAM | 17.4% | Brazil |
| 3 | Grupo Aeroportuario del Pacifico | 8.7% | Mexico | |
| Banking and financial | ||||
| No. of companies cited: 32 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Banco Itaú | 25.5% | Brazil |
| 2 | Bancolombia | 11.0% | Colombia | |
| 3 | Unibanco | 9.9% | Brazil | |
| Chemicals | ||||
| No. of companies cited: 4 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | Sociedad Química y Minera de Chile | 64.0% | Chile | |
| 2 | Ultrapar | 16.0% | Brazil | |
| 3 | Braskem | 12.0% | Brazil | |
| Conglomerates | ||||
| No. of companies cited: 18 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Alfa | 11.8% | Mexico |
| 2 | Compania Colombiana de Inversiones | 10.5% | Colombia | |
| 3 | Quienco | 9.2% | Chile | |
| Construction | ||||
| No. of companies cited: 16 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Empresas ICA | 13.0% | Mexico |
| 2 | Corporación GEO | 12.0% | Mexico | |
| 3 | 2= | Urbi Desarrollos Urbanos | 10.9% | Mexico |
| Consumer goods | ||||
| No. of companies cited: 16 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 2 | Grupo Nacional de Chocolates | 12.9% | Colombia |
| 2 | Kimberly Clark de México (Kimber) | 11.3% | Mexico | |
| Food drink and tobacco | ||||
| No. of companies cited: 20 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Perdigão | 14.7% | Brazil |
| 2 | 5 | Compaía Cervecerías Unidas | 11.5% | Chile |
| Iron and steel | ||||
| No. of companies cited: 17 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 2 | Gerdau | 25.8% | Brazil |
| 2 | 1 | Vale (CVRD) | 18.2% | Brazil |
| 3 | Usiminas | 12.0% | Brazil | |
| IT/software | ||||
| No. of companies cited: 3 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 2 | Sonda | 54.8% | Chile |
| 2 | 1 | TOTVS | 35.7% | Brazil |
| 3 | Entel | 9.5% | Chile | |
| Media | ||||
| No. of companies cited: 9 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Televisa | 43.3% | Mexico |
| 2 | 2 | Net Serviços de Comunicação | 16.7% | Brazil |
| 3 | 5= | TV Azteca | 10.0% | Mexico |
| Metals and mining | ||||
| No. of companies cited: 14 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Vale (CVRD) | 36.2% | Brazil |
| 2 | Gerdau | 14.5% | Brazil | |
| 3 | Usiminas | 9.4% | Brazil | |
| Oil and gas | ||||
| No. of companies cited: 13 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Petrobras | 43.8% | Brazil |
| 2 | 2 | Ecopetrol | 15.8% | Colombia |
| 3 | OGX Petroleo e Gas Participações | 8.2% | Brazil | |
| Petrochemicals | ||||
| No. of companies cited: 8 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Braskem | 37.7% | Brazil |
| 2 | Ultrapar | 27.5% | Brazil | |
| 3 | Solvay Indupa | 11.6% | Argentina | |
| Retail | ||||
| No. of companies cited: 14 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1= | 1 | Falabella | 19.1% | Chile |
| 1= | 2= | Wal-Mart de México | 19.1% | Mexico |
| 3 | Pão de Açúcar | 12.5% | Brazil | |
| Small caps | ||||
| No. of companies cited: 24 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | Anhanguera Educacional Participações | 8.6% | Brazil | |
| Telecoms cellular | ||||
| No. of companies cited: 12 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | América Móvil | 26.8% | Mexico |
| 2 | 2 | Entel | 25.2% | Chile |
| 3 | 3 | Vivo | 17.3% | Brazil |
| Telecoms fixed | ||||
| No. of companies cited: 8 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 1 | Telmex | 40.5% | Mexico |
| 2 | Telecomunicações de São Paulo | 12.7% | Brazil | |
| Transport and shipping | ||||
| No. of companies cited: 12 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | 2 | Login Logística | 22.0% | Brazil |
| 2 | América Latina Logística | 14.0% | Brazil | |
| Utilites | ||||
| No. of companies cited: 18 | ||||
| 2009 | 2008 | Firm | Score | Country |
| 1 | Endesa Chile | 16.0% | Chile | |
| 2 | 3 | Cemig | 8.8% | Brazil |
| 3 | 1 | Enersis | 8.0% | Chile |
