Within the framework of the Corporate Governance Program of CAF - Development Bank of Latin America and the Caribbean, and with the aim of having tools to promote good corporate governance in State-Owned Enterprises (SOEs) in the region, the study on the 'Effectiveness and Structure of Boards of State-Owned Enterprises in Latin America and the Caribbean' is being updated with the technical support of Governance Consultants.

We appreciate your institution's participation in this process and the time taken to complete this survey. All your responses will be treated as confidential and will be used solely for academic and statistical purposes. Consequently, the study's results will not refer individually to the responses of participating companies, ensuring the information remains confidential. The aggregated information will allow the generation of public policy recommendations and best practices for the region.

In this survey, the term 'Board' will refer to Boards of Directors. The survey should be completed by the official within the organization, who has the best understanding of the Board's composition, functions, and operations.

As a participant in this project, and as a token of appreciation for the time dedicated to completing the survey, you will receive, prior to the release of the consolidated results of this questionnaire, an individualized confidential report that will enable you to compare the relative situation of your institution's Board against two benchmarks:

• International best practice

• Average of your regional peers' sample.

 

 

The survey will take approximately 25 minutes of your time, but you may stop at any time you wish and continue at a later time. To do so, please follow these steps:

1. Click on the "Save" option.

2. You will have two options, not being necessary to create an account, for which you will select "Skip create account".

3. Select "Copy link to share" and save this link to continue with the survey later.

4. To resume the survey, use the link you saved in step 3.

 

Once the survey is completed, you will receive a copy of your answers to your registered email address. If you have any questions or doubts about the scope or definitions, please feel free to contact the officer responsible for the study: Andrés Oneto (aoneto@caf.com) or Andrés Bernal (andresbernal@governanceconsultants.com).

 

We sincerely appreciate your participation in advance,

 

I. General company information

II. Composition and size of the Board

Definitions for completing the Board composition:

• Internal or Executive Directors: They are the legal representatives or public officials from top management who participate in the day-to-day management of the company.
• Independent Directors: They are individuals external to the organization, with recognized professional prestige, who can contribute with their experience and knowledge to the management of the company. Their association with the company, its shareholders or owner, directors, and members of top management is limited exclusively to their role as Board members.
• Public officials representing ownership: These are directors who, due to their status as public officials and as required by local regulations, are entitled to a seat on the Board representing the public entity to which the SOE (State-Owned Enterprise) is attached (Ministry, Governorship, or City - Municipality).
• External Directors: These are individuals who, due to personal circumstances or the company's situation, cannot be classified in any of the previous categories.

 

Staggered election refers to the selection of Board members in segments or groups over a certain period of time.

III. Directors' profile

IV. Board's role fulfillment and participation in decision making

V. Board Support Committees

VI. Operability of the Board

VII. Role of Chairman and Secretary of the Board

VIII. Director nomination process

IX. Board induction and training

X. Directors' compensation

XI. Board evaluation process

XII. Management of conflicts of interest in the Board