| 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 | |
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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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| No. of companies cited: 109 | |||||
| 2009 | 2008 | Firm | Score | Country | Sector |
| 1 | 1 | Vale (CVRD) | 5.7% | Brazil | Metals and mining |
| 2 | 3 | LAN Airlines | 3.9% | Chile | Airlines and airports |
| 3 | 4= | Wal-Mart de México | 3.6% | Mexico | Retail |
| 4 | Usiminas | 3.1% | Brazil | Iron and steel | |
| 5= | Banco Itaú | 2.6% | Brazil | Banking and finance | |
| 5= | Gerdau | 2.6% | Brazil | Iron and steel | |