Below are key takeaways from ISS’ recently released 2025 Proxy Preview: Latin America. The full report is available to institutional subscribers by logging into ProxyExchange then selecting the Knowledge Center and its Library tab and to corporate subscribers by logging into Compass then selecting Governance and the Governance Library or Governance Exchange tab.
- Meeting Concentration deepens in the Latin America region, creating structural obstacles for international institutional investors. In Brazil, the largest market covered in the region, two-thirds of all annual shareholder meetings covered during the 2024 proxy season were held on the last four business days of the month of April. In Mexico, the second largest market in the region, meeting concentration on the same last four business days of April reached 53 percent of all shareholder meetings covered in the market.
- Modest Regional Growth Expected Ahead: GDP Growth in the Latin America and Carribbean region is predicted to reach between 2.4 percent and 2.5 percent in 2025, based on estimates from the IMF and ECLAC. These represent a slight increase over the 2.2 percent to 2.4 percent growth reported for 2024.
- ESG landscape continues to evolve in the Latin America region, raising the expectation of increased and more standardized ESG disclosure as key countries in the region, such as Brazil, Chile, and Mexico, move towards the adoption of the IFRS Sustainability Disclosure Standards S1 and S2.
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By: Matt Schafer, Diana de Leon, John Reidy
