Recent scandals involving corporate misconduct, both globally and in Chile, have significantly eroded trust in businesses among investors, consumers, and the broader community. In mid-May, the Santiago Center organized a conference titled “Corporate Governance and Corruption: Global Trends and Local Challenges.”
The event featured prominent speakers such as Evan Epstein, Executive Director of the Rock Center for Corporate Governance at Stanford University; Hector Lehuedé, Senior Manager at the OECD’s Corporate Affairs Division; Andrea Repetto, a member of the Presidential Commission against Conflicts of Interest, Influence Trafficking, and Corruption; and Karen Poniachik, the Center’s Director.
Organized in partnership with Universidad Católica’s Center for Corporate Governance and the North American-Chilean Chamber of Commerce (AmCham), the conference provided a platform for in-depth discussions on critical issues. Panelists explored global trends in combating corruption and economic fraud, examined international standards applicable to Chilean companies such as the Foreign Corrupt Practices Act (FCPA) and the OECD Anti-Bribery Convention, and addressed the shortcomings of local regulatory frameworks and practices. They also emphasized the importance of robust compliance programs and internal controls for preventing, detecting, and remediating fraud, as well as the crucial role of board members in fostering ethical internal cultures and promoting strong corporate values.
