Recent scandals involving corporate misconduct both globally and in Chile --financial fraud, bribery of public officials, price-fixing, and illegal campaign financing, among others-- have increased mistrust in business among investors, consumers and the community in general. In that context, topics related to corporate governance have become increasingly relevant among company owners, independent board members, shareholders, policy-makers and the public in general.
In 2016, the Santiago Center teamed–up with Columbia’s Law Scholl Millstein Center for Global Markets and Corporate Ownership to host a workshop series on “The Role of Directors in Creating Long Term Value” (El Rol de los Directores en la Creación de Valor a Largo Plazo). Several of the events were co-sponsored by Universidad Diego Portales’ (UDP) School of Economic and Business, the North-American Chilean Chamber of Commerce (AmCham), and the local chapter of Women Corporate Directors.
Among the topics covered were The FCPA and its implications for Latin America, The Role of the Board in Transforming Non-Financial Risks into Value; The Duty of care Revisited, Cybersecurity, Resiliency, and the Role of the Board; and “Corruption: Global Trends and Local Challenges”.
The series will continue throughout 2017 and 2018.