Boardroom Governance with Evan Epstein artwork

Marta Viegas: Focusing on Corporate Governance in Latin America and the Caribbean with IDB Invest.

Boardroom Governance with Evan Epstein

English - August 03, 2020 13:31 - 1 hour - 56.6 MB
Management Business Entrepreneurship director education silicon valley corporate directors boardrooms venture capital boards corpgov governance corporate governance experts Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Dr. Linda Maxwell: "The Lack of Inclusion in Healthcare is Present at All Levels, including on Boards of Directors"
Next Episode: Frederick Alexander: Benefit Corporations, B-Corps and the Shareholder Commons.

Start of interview. [1:40]Marta's "origin story" from Brazil to Washington DC [2:21]Her involvement with corporate governance education in Brazil with IBGC [6:31]The impact of Lava Jato (operation car wash) in Brazilian corporate governance (2014) [8:33]Her role coordinating the "comply or explain" Brazilian Corporate Governance Code [11:07]What made her transition from Tozzini Freire to IDB Invest in 2017? [16:31]What is IDB Invest? [19:13]Description of the Corporate Governance Development Framework adopted by 34 development finance institutions (DFIs) that manage ~$850B [23:13]IDB Invest's corporate governance framework: "The art is always trying to separate the essential from the desirable, the must-have from the nice-to-have." [25:45]How to coordinate the investment focus from the governance focus (time-management) [28:47]The state of corporate governance and some common issues in Latin America: lack of diversity, smaller capital markets, predominance of controlling shareholders, SOEs, and reliance on bank financing [33:24]The challenges for foreign investors in Latin American listed companies: protection of minority shareholder rights, transparency and related-party transactions [39:41]Controlling shareholders in Latin America have an incentive to improve corporate governance to attract investment in order to compete in a globalized market: "those are the winners in the market." [44:24]IDB Invest has a special focus on small countries and islands ("S&I countries") [47:12]The impact of Covid-19 in Latin America and IDB Invest's role in helping the region [49:39]IDB Invest article and guidance for the role of the Board during Covid-19 [51:43]Her favorite books: [55:54]The Trusted Advisor (Meister, Green & Galford)Crime and Punishment (Dostoyevsky)Her mentors: [58:01]Marcio Mello Silva Baptista (TozziniFreire)Maria Elisa Gualandi Verri (TozziniFreire)Luis Valdes (Principal - Brasilprev)Sandra Guerra (Better Governance)Rachel Robboy (IDB Invest)Her favorite quotes: "The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." Martin Luther King Jr. [1:00:01]

Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License


You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License