Corporate Governance for FMIs

What can FMI boards do to be effective?

Securities market infrastructure entities – FMIs, like any other company, have the challenge of making their corporate governance systems be effective; that is, they generate value for their shareholders, in line with varied expectations of its stakeholders – in this context, particularly major investors, issuing companies and regulators. However, in addition to what happens with a private company, FMIs must reconcile the objective of creating economic value with the protection of the market, and in general with the preservation of confidence in the system. In this sense, the challenge is double for your boards, and for this they must establish concrete operational measures focused on updating of their work agendas, the synchronization of the work of the board committees (regulation, risk, audit, technology, nomination and compensation); and the management of implicit conflicts of interest due to the involvement of market participants in the system of FMI governance. In this webinar, Andrés Bernal will share reflections and strategies to manage these specific challenges of the collegiate bodies of FMI governance.

The webinar will have simultaneous Spanish/English interpretation

Biography

Andrés Bernal
Founding Partner of Governance Consultants

Andrés is a founding partner of Governance Consultants (2007), a consulting firm specializing in corporate governance issues and board evaluation; and he is the founder of iDirectores (2021) a startup that, based on a collaborative model of board members, builds updating and knowledge solutions for Latin American boards.

He has been the architect of various regulatory, institutional, and business projects to strengthen corporate governance systems in the region. In addition to having led more than 150 board evaluations in Latin America, he regularly advises international institutions such as the OECD, the IDB, CAF, stock markets and institutional investors, on issues related to corporate governance and ESG.

Andrés is convinced of the importance of strengthening governance schemes for the development of Latin America. For this reason, he has dedicated his life to learning, sharing and collaborating on these issues with the aim of improving the quality of management decisions.