GOVERNANCE AND OWNERSHIP STRUCTURE IN CHILEAN ECONOMIC GROUPS

Abstract

The purpose of this paper is to present a descriptive analysis of economic groups in Chile. It classifies the economic groups operating in the country, according to their ownership and governance patterns, describing typical ownership structures and concentration. From a governance perspective, groups in Chile are multi-layered structures. Some additional characteristics of groups are provided: i.e. diversification, size, ownership control and dispersion within the group, boards interlocking, and foreign participation in joint ventures with local groups. The Chilean structuring of groups is partly compared with the solutions implemented in Japan, Germany, England and the United States.