The use of governance “indicators” is booming. These indicators are supposed to quantify the quality of a country’s governance institutions by considering, for example, the extent of corruption in the economy, the quality of public and private regulatory systems, the prevalence of “rule...

The quality of local corporate governance is critically important for the success of long-tem development efforts throughout the developing world today.

Pension reform in Latin America has helped deepen capital markets, but with mixed results in terms of increasing national savings. Private pension funds have a still untapped potential to help to improve corporate governance of the companies in which they invest.