New FMC Regulation: Impact on Publicly Traded Companies with Independent Directors and on Parent Companies of Regulated Entities
On March 11th, the Financial Market Commission (“CMF” for its initials in Spanish) issued General Rule No. 533 (NCG 533), which complements and clarifies the Corporations Law regarding independent directors and establishes new obligations for parent companies of regulated entities. It responds to the changes introduced by Law No. 21.314, aimed at strengthening corporate governance […]