1. The Latin American Corporate Governance Roundtable
26-28 April, 2000
The São Paulo Stock Exchange
São Paulo, Brazil
Mrs. Elvira Schamann
FIABV Secretary General

2. Why Corporate Governance Now??
The Latin American Corporate Governance Roundtable

3. The Latin American Corporate Governance Roundtable
Globalization
RISK
Macro
Financial Systems
- Institutional components
The Latin American Corporate Governance Roundtable

4. The Latin American Corporate Governance Roundtable
Market Participants
- Institutional investors
- Financial intermediaries
- Analysts
The Latin American Corporate Governance Roundtable

5. The Latin American Corporate Governance Roundtable
- Privatizations
-Takeovers/mergers/combinations
The Latin American Corporate Governance Roundtable

6. The Latin American Corporate Governance Roundtable
STOCK EXCHANGES
- ACCESS TO CAPITAL
- LIQUIDITY
- VISIBILITY ---TRANSPARENCY
The Latin American Corporate Governance Roundtable

7. Market capitalization/GNP
The Latin American Corporate Governance Roundtable

8. Number of listed companies
The Latin American Corporate Governance Roundtable

9. The Latin American Corporate Governance Roundtable
Stock indexes
The Latin American Corporate Governance Roundtable

10. Compañía de Minas Buenaventura S.A.
Company listed since 1971
Changes in its capital structure in 1996
Open to new international investors since 1996
New changes to its capital structure - more shareholders
The Latin American Corporate Governance Roundtable

11. The Latin American Corporate Governance Roundtable
C. M. B. S.A.
New Capital
Shareholders
Liquidity
Visibility
The Latin American Corporate Governance Roundtable

12. The Latin American Corporate Governance Roundtable
FIABV
- Update standards
- Review of Corporate Governance guidelines
- for listed companies
- for stock exchanges
The Latin American Corporate Governance Roundtable