Corporate finance: Corporate Governance

Son Stakeholders?

(Puede escoger varios)

• Creditors

• Shareholders

• CEO

• Regulatory bodies

• Customers

Hace parte del rol de una Junta Directiva?

• Proteger los intereses de los accionistas

• Determinar las compensaciones del top management

• Proveer bienes y servicios a la compañía para sus funciones del día día

• Un vision holistica y guia de la estrategia de la compañia,

• Evaluar el desempeño del top management y CEO

Creditors are risk averse and would prefer a more conservative approach and stable company management while shareholders favor riskier projects with a high potential reward. That requires excessive debt but increases default probability for the creditors

Es un conflicto de interes entre?

• BoD vs Shareholders

• Single owner vs Minority shareholders

• Goverment vs Shareholders

• Customers vs Shareholders

• Creditors vs Shareholders

When people rationalize a course of action based on the fact that many other people are doing the same is called ..... Bias

• SOCIAL PROOF

• OVERCONFIDENCE

• HERDING

• ILLUSION OF CONTROL

• GROUP THINKING

What does the Nomination committee do?

• Identify qualifided candidates for BoD

• Compensations including CEO

• Recruitment policies

• Oversees regulatory changes and compliance

• Decide on the company´s appropriate

  risk tolerance.

Son principios del gobierno corporativo

• Long-term risk management

• Shareholder compositionO

• Management Compensation

• Board representation

• Voting structures

ESG stands for...?

• Energy

  Governance

  Social

• Enviroment

  Governance

  Social media

• Enviroment

  Governance

  Social

• Enviroment

  Good

  Social

• Energy

  Good

  Social Media

CFO role?

• Leads the overall strategy of the company

• Determines top management compensation

• Leads fundraising and M&A (mergers and acquisitions activities).

• Leads the budgeting and cash flow planning

• Presents financial reports along with análisis to support decision makingdecision-making