The business meeting is scheduled for April 26 and will address issues related to corruption, business ethics and auditing of public funds.
The National Association of Private Enterprise (ANEP) has announced that the National Meeting of Private Enterprise (Enade) will be held on April 26 at the Sheraton hotel, and will be attended by former Spanish President Jose Maria Aznar.
In order to prevent a repetition of cases such as that of Financial Pacific, the Superintendency of Securities is preparing legislation which incorporates an obligation to comply with good corporate governance practices.
Although details of the proposal have not yet been released, the Superintendence authorities indicated that "... it is related to general corporate governance recommendations, such as having an audit committee, a risk committee, having an independent director, among other things.
"Organizations that implement ethical practices improve their productivity, drastically reducing the risks of bribery, blackmail, conflicts of interest and fines."
An article by Felipe Coronel, partner at Latin Lex Consulting, which was published in the Journal Enlace Empresarial of the Chamber of Commerce of Panama, highlighted the responsibility of the business sector in the fight against corruption, concepts which can be extrapolated to the entire region, beyond each country's position in international corruption indices.
The business sector is demanding a new Public Procurement Act to promote competition and transparency in the procurement of goods and services by the State.
In a statement released by elperiodico.com.gt, the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Committee (CACIF), "... was in favor of an amendment to the Law on Government Procurement in order to improve purchasing processes from government entities."
The adjustment to the Advertising Standards Code includes changes to the marketing of food and non-alcoholic beverages and those targetting minors.
"All of the documents from responsible sources that give us indications, that tell us of existing trends or what's happening in the world, with the research that is being carried out, are important tools for dealing with the reforms and allowing the Code of Ethics to always be up to date" , said Sherman Calvo , president of the Salvadoran Association of Advertising Agencies (ASAP) and Senior Vice President of National Advertising Council (CNP) to Laprensagrafica.com .
The new Code of Advertising Standards aims to address aspects not covered in its predecessor, in particular the treatment of images of women and children, and environmental credentials.
Gabriela Melara's article in Laprensagrafica.com reports that: "As of today, Salvadoran advertising will be governed under a new Code of Advertising Standards, which will address issues that the previous (code) did not address clearly, as reported by members of the National Council of Advertising (CNP in Spanish)."
Companies that provide services to the state consider that the measures against corruption must be strengthened.
Better monitoring, clear rules and commitment from senior officers in companies are some of the suggestions that representatives of the private sector have made to improve the transparency of the bidding process conducted by the state.
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