Sistema Regional de Información
en línea para Revistas Científicas de América Latina,
el Caribe, España y Portugal

The purpose of this paper is primarily to analyze the effect of the mandatory implementation of IFRS in Peru on the accounting quality and subsequently, corporate governance (since transparency and comparibility in financial reporting and disclosure practice are primecorporate governance mechanisms to reduce the information asymmetry), and secondarily, to review the evolution of corporate governance and to suggest ways to improve the corporate governance situation in Peru. In order to reach those purposes, both primary andsecondary data were analyzed. Primary data were gathered through interviews to relevant stakeholders and surveys to non-financial listed companies. Secondary data were obtained from government official sources as well as databases like Osiris and Thomson.In order to complement the analysis of the impact of the mandatory adoption of IFRS, two studies were reviewed: earnings management and value relevance. The most important conclusion from this research is that the implementation of the IFRS has helped to improvethe quality of the accounting data and consequently, corporate governance, since before the adoption of the IFRS a not-well defined set of accounting standards was applied in Peru (a combination of tax rules and US GAAPs). Although a number of mechanisms have been implemented to improve the corporate governance in Peru, the situation is still incipient, a number of proposals are advanced,including the mandatory compliance of listed companies with the¨“Code of Good Corporate Governance for Peruvian Companies” and the corresponding penalties in case of no adherence to the principles.

The main characteristic of great leaders is their ability to perceive the depth of their inner world and interact with the surrounding universe. In terms of this characteristic, in Peru there are two historic figures that stand out:  Luis Bedoya Reyes and Víctor Raúl Haya de la Torre. These two men possessed higher levels of consciousness. There are 11 different levels of consciousness, considered as permanent features, and which are classified according to the spectrum of colors, from infrared to clear light. Peruvian politics is at low levels of consciousness, and conscious leadership can be a very effective, advantageous, and practical means to reach higher levels of consciousness, both in the field of politics, as well as in companies and organizations of all kinds.

The role of Hipolito Unanue in shaping the new Republic of  Peru was important. He headed the Ministry of Finance for two non-consecutive periods. In the first one he dispatched almost two years, between August 1821 and June 1823, while in the second one, he worked between September 1823 and February 1824. In September 1822 he presented a report to the Constituent Congress. In it, he gives an account of the various dispositions that he dictated in order to face the income deficit that the so-called fiscal box was facing. His conservative initiatives to achieve a fiscal balance are recognized today.

On Wednesday, September 19, the fifth edition of the International Conference on Global Management, entitled "Happiness and Ethics in the Workplace: Two Sides of the Same Coin?" Was held in the "Luis Bustamante" auditorium of the UPC San Isidro campus. ”, Which is organized annually by the Faculty of Business through the  Directorate of Administration and Finance of the UPC, and which was co-organized by the International Finance Corporation (IFC), a member of the World Bank Group, and sponsored by Delta Air Lines.

Times has changed; the world has changed; and the way of managing organizations and people too. The stage of the socioeconomic history that we have to live today has been called the fourth Industrial Revolution. In it, new technologies have invaded inevitably and have led us to change, almost obligatorily, the way we work and relate to our family, work team, clients and environment.

The comment of this book, points out the friendly way of telling the story of a successful company used by the author. The story of this company shows that success is possible when a person prepares itself in order to make its dream comes true. The company started during the difficult times for Peruvian national economy but the application of good business practices allowed it to reinvent itself and adapt in order to face different situations it has gone through. This case evidence what can be achieved when professional maturity, good business practices, passion and a great deal of personal sacrifice are combined.

Many companies today say they are customer-centric and implementing digital transformation. We will address the first topic in this essay, which is thought to be the foundation and most importantly before beginning a process of digital transformation. Professor Peter Fader, from The Wharton School of the University of Pennsylvania, a university of preponderance, defines a customer centric company as one that knows its customers with greater future profitability and that aligns the development of products and the company's operations towards them.

Luis Bedoya Reyes, great experienced and speaker politician, generates an important repercussion in the Peruvian political life. In this interview, rather than focus on conjunctural aspects of current politics, is oriented on his life experiences, that only a man like Luis Bedoya Reyes can share. Reflections are expressed about human dignity, cooperation between politicians, and freedom, as factors to achieve more development and productivity for Peru.

Agency Theory is a central issue in the field of Corporate Finance and analyzes the relationship between investors and those who are responsible for managing their investments, the agents. This theory has received frequent criticism for not incorporating, within its analysis, considerations or recommendations about ethical behavior in people's decisions. This article reflects on the importance of morality and ethics in society.

Modern management shows that one of the foundations on which organizational results rest is people, and everything that surrounds them within a group: values, mission, vision, organizational culture, ethics, etc. Under this logic, for companies, it becomes imperative that their human resources, as a whole, develop all the potential they have, in a favorable and ideal environment, for the achievement of the objectives that the organization sets; but it is even more important that these people get to know each other internally, so that, through the so-called “soft skills”, they facilitate this achievement of objectives. This essay focuses on these issues, combining theoretical arguments on emotions, with proposals based on actual professional work experience.