Oversight and transparency in State companies: Is more synonymous with better?

Authors

  • Diego Pardow Lorenzo Universidad de Chile
  • Rodrigo Vallejo Garretón Universidad de Chile

Abstract

More than twenty years ago, Easterbrook and Fischel made a famous harsh criticism of the simplistic way in which the legislation applicable to the corporate governance of a company is often analyzed. The selection of his darts was not accidental, the generalization of an approach whose premise assumed that the board of a company always uses its position of power to exploit investors and consumers, threatened to overthrow the conceptual balance on which success rests. of any regulation on business organizations.

Keywords:

State companies, Oversight, Transparency, Corporate governance, Legislation