What is the Corporate Governance Panel?
This panel lists shares issued by companies that voluntarily adopt Corporate Governance practices exceeding those required by Argentine law.
Participation in this panel signifies the adoption of a set of corporate rules that further protect shareholder rights, enhance the disclosure of policies, and ensure the existence of robust monitoring and control structures.
Levels of Corporate Governance Panel
There are two Levels of Corporate Governance Panel in BYMA, which we believe are necessary to develop the Argentine capital market. With the development of these Levels and the requirements included, we intend to attract more investors by ensuring rights to shareholders and the possibility for market participants to have more information, seeking to mitigate information asymmetry.
Both levels are governed by the same corporate governance requirements, the only difference between the two consists of:
The issuer's share capital must be represented exclusively by ordinary shares, each granting one vote.
Issuers whose share capital includes multiple voting shares or preferred shares will be eligible for an alternative listing level.
Admission and Maintenance Requirements
These rules go beyond the obligations that listed companies must comply with under either the General Corporation Law, the Capital Markets Law or the Regulator's Technical Standards, and are intended to give visibility to those issuers of shares that choose to voluntarily adhere to one of the two Tiers.
- Shareholder dispersion
- Gender diversity in the board of directors
- Board regulations
- Board evaluation
- Nominating and Compensation Committee + Rules of Procedure
- Compensation policy
- Nomination policy
- Internal audit function
- Integrity program
- IR and Corporate Governance section on the website.
- Investor Relations Officer
- Annual Report
- Investor Relations Calendar
- Stakeholder briefings
- Dividend policy
Participating issuers by level
| EMPRESA | FECHA DE INGRESO | eSTADO | ANEXOS |
|---|---|---|---|
BYMA | 12/2020 | Activate | |
Pampa Energía | 12/2020 | Activate | |
YPF | 12/2020 | Activate |
Regulations and Annexes
- Rules of the Corporate Governance Panel PDF
- ANEX I - Holdings Form (*) PDF
- ANNEX II - Investor Relations Form (*) PDF
- ANNEX III - Investor Relations Calendar (*) PDF
Learn more about ESG products
BYMA promotes sustainable finance in the Argentine market through its developments and products, while also undertaking sustainable actions internally and externally.
Corporate Governance Panel
Comprising BYMA-listed issuers who voluntarily adopt Corporate Governance practices.
Sustainability Index
Developed in partnership with the IDB, LSEG Data & Analytics and the Earth Institute at Columbia University.
Social, Green and Sustainable Bonds Panel
Comprising corporate bonds whose proceeds are exclusively designated for financing or refinancing projects with social and environmental benefits.
Sustainability-Linked Bond Panel
Comprising bonds whose financial characteristics are linked to the issuer's achievement of sustainability or ESG objectives within a predefined timeline.
Voluntary Carbon Market
This market drives the transition to a low-carbon economy by incentivizing investments in clean technologies, renewable energy projects, and other initiatives.
