Falabella is awarded best-managed company in Latin America 2013

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The Chile-based retailer also wins the category for the most convincing and coherent strategy in the region, as well as finishing top of the retail sector category. Meanwhile, Banco Bradesco becomes the best-managed company in Brazil for the first time, and Credicorp wins in Peru.

Euromoney magazine announces today the results of its seventh annual best-managed Latin American company rankings, based on a survey of market analysts at the main banks and research institutes in the region. This year’s overall best-managed company is Falabella, the retailer headquartered in Chile, which has been expanding in the region, with operations in Argentina, Colombia and Peru. Falabella also receives top marks in the category for highest standards of corporate governance, followed in second place by Mexican financial group Banorte, which also wins the region’s most-improved award. Credicorp, the best-managed company in Peru, is also ranked first in the banking & financial services category for the first time, followed in second place by Brazilian bank Bradesco, with Banorte finishing third. Bradesco also wins best-managed company in Brazil, a reflection of the bank’s strong commitment to communicating with the market. Interviewed in Euromoney magazine’s March issue, Luiz Carlos Angelotti, executive director and investor relations (IR) officer at Bradesco, says: “The [bank’s] IR area has been trying to create a closer relationship between Bradesco and our investors, shareholders and analysts.” The bank’s focus on technology as a means to deliver competitive advantage in its banking operations also extends to its approach to investor relations. Brazilian car-rental company Localiza wins two regional categories: most transparent accounts and transport. Bancolombia wins the category for most useful and informative website, and comes second in Colombia’s country rankings. The winner in Colombia is oil company Ecopetrol, whilst Banco Macro is the best-managed company in Argentina. The annual best-managed companies in Latin America survey is the most prominent conducted by Euromoney magazine, recognizing corporations in Latin America. The survey rewards those companies with the most convincing and coherent business strategies in the region, by industry and country. The ranking is based on a survey of market analysts at leading banks, consultancy firms and research institutes focusing on Latin America. Respondents are asked to nominate the top-three companies in each of the countries or sectors they cover, bearing in mind market strength, profitability, growth potential, quality of management and earnings. The full results of these rankings and the survey methodology are available online and in the March 2013 edition of Euromoney magazine.