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The podcast episode discusses a recent note written by Alejandra Rangel for the OECD on Institutional Investors Engagement in Latin America. The note explores the implications of institutional investors' growing influence in corporate governance, particularly in developed markets such as the United States. While the trend of institutional investors playing a larger role has not yet become a major concern in developing countries like Latin America, it is expected to become an important issue in the future. The discussion highlights the challenges of reconciling the increasing power of institutional investors, particularly large asset managers, with the importance of promoting engagement between equity holders and invested companies. The podcast also discusses stewardship codes that have been adopted in many jurisdictions to encourage institutional investor engagement, and the role of private enforcement in capital markets in Brazil.