Abstract:
A Corporate Government in a country such as Colombia is seen as an opportunity that the SME's have to openly access and compete in domestic markets; however, it specially has to do with negotiations that may take place in international markets for many investors consider Good Governance Codes magic norms or guidelines which open or close doors in international settings, and even more when it concerns conducting trade processes with multinational companies, because for transnational companies transparence, integrity, good corporate practices and control have become a mandatory item in a negotiation; furthermore, the issue of corporate governance has also become mandatory for it is of great interest to all institutions both public and private. All of this is because the current crises of organizations and agencies in charge of exerting good corporate practices have led us to the proposal of studies on the cost-benefit relation of a corporate government in Colombian companies, especially SME's for as it is well known, that they represent 95% of the economic potential in Colombia.
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