LatinFinance - July/August 2014 - 1

ANDRÉ COVRE, CHIEF FINANCIAL OFFICER, ULTRAPAR

"WHEN YOU HAVE
CLEAR RULES, AND
BALANCED POWER,
YOU CAN PROBABLY
HAVE BETTER FUNCTIONING FINANCIAL
MARKETS"

AWARDS & SURVEYS

Best Corporates

21/Class act

Leaders of the region's best
performing firms discuss their
growth strategies - and how to
fund them
LatAm Stars index

38/New benchmark

M&E and LatinFinance launch
a new index of the region's best
managed stocks
ROUNDTABLE

Trinidad & Tobago

40/Oiling up

Top officials debate diversifying from the US export market,
and becoming a financial hub
SPECIAL REPORT

COVER STORY

The
shareholder
reformation
10/

Paraguay

43-63/National
redesign

The president, finance minister, central bank governor and
other officials speak about their
reform agenda

Could the rise of shareholder
activism in Latin America bring a
turnaround in corporate
profitability - and market
performance?

REGULAR COLUMNS
LatinFinance® (USPS 004-662), (ISSN
1048-535X) is published bi-monthly by
Latin American Financial Publications, Inc.,
1101 Brickell Avenue, Suite N1200, Miami,
Florida, 33131 USA. Periodicals postage
paid at Miami, FL and at additional mailing
ofﬁces. POSTMASTER to return Mail to: PO
Box 4009 Chesterﬁeld, MO 63006-4009,
USA.
©2014 Latin American Financial
Publications, Inc.
All rights reserved. Reproduction in whole or
in part of any text, photograph, or illustration
without written permission from the publisher
is strictly prohibited.
Title is protected
through a trademark
registration with the
US Patent Ofﬁce.
LatinFinance Roundtables and Special
Reports are underwritten by sponsors,
although the magazine's editors retain
control over the content of these articles to
ensure their objectivity and independence.

02/ Front notes

Ecuador's Eurobond return signals hope for other past defaulters. But better communication
with the market will remain key

04/ Bonds news
06/ Equity news
07/ M&A news
08/ Loans & People
news

FEATURES

Debt Capital Markets

18/Good going

Corporates have not missed the
chance to lock in lower cost of
funds amid an emerging markets rally

ON THE COVER
Manifesto for change: Latin
American investors nail their
arguments for greater influence
in how firms are run. Photographed by Fredrick Broden

JULY/
AUGUST 2014
CONTENTS

64/ Parting Shot

President Luis Guillermo Solís
of Costa Rica on balancing the
budget, and staving off a ratings
downgrade
July/August 2014 - L ATINFINA NCE.COM 1

http://www.LATINFINANCE.COM

LatinFinance - July/August 2014

Table of Contents for the Digital Edition of LatinFinance - July/August 2014

Table of Contents
LatinFinance - July/August 2014 - Cover1
LatinFinance - July/August 2014 - Cover2
LatinFinance - July/August 2014 - Table of Contents
LatinFinance - July/August 2014 - 2
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