The Time to Make Relevant Decisions in Corporate Governance

Corporate attorney Alba Malagón published a column in Asuntos Legales about the importance of Decree 046 of 2024 in the realm of corporate governance in Colombia. Ms. Malagón highlights that the first quarter of the year is crucial for companies not only to meet legal corporate requirements but also to seize this opportunity to make strategic decisions that drive business development. The article examines provisions related to conflicts of interest and board authority competence, emphasizing the importance of the principle of deference to business judgment. She also underlines the need for board members to use this regulation to promote transparency and clarify leadership roles in decision-making, taking advantage of regular meetings to assess their role and overcome business challenges.

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