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the context of global crisis and uncertainty
which emerged among other issues due to globalization, the decline of the Welfare State and its replacement by neoliberalism, the oil crisis, the formation of global financial markets, the free movement of capital financial, the indebtedness of the undeveloped countries and a long period of global economic growth that marks the differences between rich and poor countries, are part of the conception of this process. -
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Boosters
Spence proposed signage as a mechanism in hiring the best workers. studies of democratic governance begin with the report of the Trilateral Commission. -
contextualize the problem of the company and originate their modern research regarding the economic sphere
Jensen and Meckling establish that a manager whose ownership of the company he or she directs is less than 100% has conflicts of interest with the owner since there are private control benefits obtained by the manager in deteriorating wealth of the owners.
other interests related to the interests of the firm, customers, suppliers, investors, local governments and other organizations. This is how the relationship extends, not only agent-principal, but also in other areas. -
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the specialized press already refers to corporate governance
In the 1980s, the inconveniences linked to the information and control of corporations were exacerbated by the emergence, expansion and unity of international financial markets, but in the early 1990s, this problem is addressed as a corporate governance issue. Theme that from strong and diverse theories such as those mentioned above takes strength attracting businessmen, businessmen and researchers and in the same way is extended by the specialized and popular press. -
Stakeholders
Freeman, uses the term Stakeholders (Better projects), referring to those who can affect or be affected by the different activities of a company. These make up groups interested in the actions of a company. The theory of "the best companies" cites that some companies borrow less than others by preference, in order to minimize the risk and attract the valuable participation of stakeholders in terms of investments. -
corporate strategy
Brander and Lewis in the same year, in addition to other authors use in their studies the debt for strategic purposes, called corporate strategy. Theory that differentiates the role of corporate strategies in relation to the market of goods and production factors and financing and production decisions. -
the good corporate practices
This is when good corporate practices are taken into account as a central axis. Attesting to this as background, Cadbury, published in Great Britain in 1992, which marked the initiation of Corporate Governance and was the reference model for trade associations in their effort to improve the investment climate in different countries worldwide. -
in Colombia what happened to corporate governance?
emerged with force in 1995, with Law 222, with the adoption of norms, not so tangible with respect to corporate governance, with the aim of covering flaws that are still unprotected in the current legislation trade. However, standards were formulated for administrative entities, such as the Superintendency of Companies, dealing with issues of good business practices such as the implementation of rules such as the treatment of minority. -
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How is the legal framework in Colombia?
in Resolution 275 of 2001, which is an important step, since they establish the bylaws that must provide that each board of directors is responsible for ensuring effective compliance with the requirements set out in the resolution mentioned above for good Corporate Governance, the Law 964 of 2005 establishes new and restructured patterns that mean the strengthening of regulations regarding Corporate Governance in the National Securities Market. -
born the legal principles of corporate governance
the principles are approved, to assist the governments of member and non-member countries that evaluate and improve their legal, institutional and regulatory frameworks on Corporate Governance, in addition to providing directives and suggestions for investors, stock exchanges, companies and others that are part of the development of good development practices of this, who approves the above is the Organization for Economic Cooperation and Development.
