Analysis of the Corporate Governance in Ecuador’s Savings and Credit Cooperatives

This article aims to analyze the impact of corporate governance in the credit union, taking in account the difficulties the democratic participation of partners in decision-making presents to the administrative management. It also tries to determinate if the existence of several actors generates different types of relations between stakeholders and if their behavior causes conflicts of interest that motivate the use of creative practices to conceal the commission of a fraud. In this context, the present investigation seeks to establish whether the use of guidelines for good corporate governance in cooperatives can prevent conflicts of interest, eliminate creative practices and minimize risks. For this purpose, a literature review was done, which consisted in the searching, organization and analysis of several scientific articles and reviews related to the subject, in order to build the theoretical and conceptual framework. Then, the credit union of Ecuador websites were checked, in order to stablish which cooperatives publish information about corporate governance and risk management. Three cooperatives, two in operation and one in liquidation were selected, to later analyze the degree of compliance with corporate governance practices.

• Main Author: Altamirano Salazar, Aníbal (author)
• Other Authors: Pazmiño Arroyo, Henry (author), Espinosa Ochoa, Pilar (author), Cerda Prado, Nelson (author)
• Format: article
• Language: spa
• Published: 2016
• Subjects: Corporate Governance; Stakeholders; Credit Union; Gobierno Corporativo; Cooperativas de Ahorro y Crédito
• Online Access: https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/170