This podcast episode discusses the evolving role of institutional investors in corporate governance, particularly in Latin America. Alexandre Rangel, a former commissioner of the Brazilian Securities and Exchange Commission and consultant for the Organization for Economic Cooperation and Development (OECD), shares his insights and experiences on this matter. Rangel emphasizes the importance of institutional investors' engagement in corporate governance and highlights the challenges and opportunities they face in promoting better practices. The episode also explores the differences in capital markets between the United States, the UK, and Latin America, with a focus on the role of activism and corporate governance. Additionally, the episode delves into the intricacies of corporate governance in State-Owned Enterprises (SOEs) and the challenges of balancing public and private interests.