This report provides an assessment ofUruguay's corporate governance policy framework,enforcement and compliance practices. It highlights recentimprovements in corporate governance regulation, makespolicy recommendations, and provides investors with abenchmark against which to measure corporate governance inUruguay. The report identifies several key next steps thatfocus on implementation including: Improving corporateinformation, particularly ownership disclosure, relatedparty transactions procedures, and financial reporting;promoting effective and active boards of directors;strengthening institutions, including the securitiesregulator, and the companies registry; and modernizingsecurities markets by strengthening intermediation andrelated regulations.