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

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

Episode 13 Published 5 years, 10 months ago
Description
  1. Start of interview. [1:40]
  2. Marta's "origin story" from Brazil to Washington DC [2:21]
  3. Her involvement with corporate governance education in Brazil with IBGC [6:31]
  4. The impact of Lava Jato (operation car wash) in Brazilian corporate governance (2014) [8:33]
  5. Her role coordinating the "comply or explain" Brazilian Corporate Governance Code [11:07]
  6. What made her transition from Tozzini Freire to IDB Invest in 2017? [16:31]
  7. What is IDB Invest? [19:13]
  8. Description of the Corporate Governance Development Framework adopted by 34 development finance institutions (DFIs) that manage ~$850B [23:13]
  9. 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]
  10. How to coordinate the investment focus from the governance focus (time-management) [28:47]
  11. 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]
  12. The challenges for foreign investors in Latin American listed companies: protection of minority shareholder rights, transparency and related-party transactions [39:41]
  13. 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]
  14. IDB Invest has a special focus on small countries and islands ("S&I countries") [47:12]
  15. The impact of Covid-19 in Latin America and IDB Invest's role in helping the region [49:39]
  16. IDB Invest article and guidance for the role of the Board during Covid-19 [51:43]
  17. Her favorite books: [55:54]
    1. The Trusted Advisor (Meister, Green & Galford)
    2. Crime and Punishment (Dostoyevsky)
  18. Her mentors: [58:01]
    1. Marcio Mello Silva Baptista (TozziniFreire)
    2. Maria Elisa Gualandi Verri (TozziniFreire)
    3. Luis Valdes (Principal - Brasilprev)
    4. Sandra Guerra (Better Governance)
    5. Rachel Robboy (IDB Invest)
  19. Her favorite quotes: "The ultimate measure of a man is not where he stands in moments of comfort and convenience,
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