Best Latam companies 2009: Most convincing and coherent by country

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. We received 126 replies (against 92 replies for 2008). Respondents were asked to nominate the top-three companies overall by service categories; overall by country; and overall by sector – bearing in mind market strength, profitability, growth potential, quality of management and earnings. Results may differ overall by category and by country as respondents could choose to fill out only the country category relevant to them. Points were awarded on a scale of 4:3:2 for first-, second- and third-place nominations respectively. Companies’ results are presented as a percentage of total points received in each category. A number of other countries and industry sectors were included in the survey, but did not receive enough responses to be published. If you would like more information about the poll, please email tmoxon@euromoneyplc.com.

Argentina
No. of companies cited: 10
2009	2008	Firm	Score	Sector
1	1	Tenaris	35.3%	Iron and steel
2		Aluar	13.2%	Metals and mining
3		Cresud	10.3%	Real estate
Brazil
No. of companies cited: 42
2009	2008	Firm	Score	Sector
1	1	Vale (CVRD)	11.7%	Metals and mining
2	4=	Banco Itaú	7.4%	Banking and finance
3	2	Petrobras	7.1%	Oil and gas
Chile
No. of companies cited: 14
2009	2008	Firm	Score	Sector
1	2	LAN Airlines	25.2%	Airlines and airports
2		Sociedad Química y Minera de Chile	14.6%	Metals and mining
Colombia
No. of companies cited: 8
2009	2008	Firm	Score	Sector
1		Compania Colombiana de Inversiones	23.3%	Conglomerate
2		Interconexión Eléctrica	22.1%	Utilities
3	1	Ecopetrol	19.8%	Oil and gas
Mexico
No. of companies cited: 23
2009	2008	Firm	Score	Sector
1	4	Wal-Mart de México	19.5%	Retail
2	1	América Móvil	10.7%	Telecoms
3	5=	Coca-Cola Femsa	6.9%	Food and drink
Panama
No. of companies cited: 5
2009	2008	Firm	Score	Sector
1		Grupo Mundial Tenedora	31.3%	Financial services
Peru
No. of companies cited: 9
2009	2008	Firm	Score	Sector
1	1=	Credicorp	25.6%	Banking and finance
2		Alicorp	18.0%	Retail

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