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Best managed companies in Latin America 2010: Corporate losses create an urge for better management

Global and regional financial crises provide Latin America’s corporate executive with stark evidence of benefits of good corporate governance and risk management.

The pressure on regulators, industry bodies, and managers to improve practices has increased. Dominic O’Neill reports.

THE FINANCIAL CRISIS has exposed severe shortcomings in risk management and corporate governance worldwide. At times like this, with employees being laid off in thousands, chief executives and finance heads at corporations do not receive the kind of media praise they enjoyed in the boom.

Having withstood the credit crunch and the recession better than other parts of the world, Latin America is one region where the reputation of managers at banks and corporations has held up relatively well.