To determine the members of Extel’s 2026 Latin America Executive Team, we surveyed buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region, including those who cast and received votes in this year’s Latin America and All-Brazil Research Team surveys. Survey results reflect the opinions of 967 investment professionals at 488 financial services firms. The voting process is entirely independent and unprompted, with participants ranking companies and executives without a pick list or pre-selected options, ensuring unbiased and genuine feedback.
We asked the participants to rank the chief executive officers, chief financial officers and investor relations professionals at the companies in their coverage universes. CEOs were ranked on their credibility & leadership and communication. CFOs were ranked on their ability in financial stewardship and communication. IR Professionals were ranked on their authority & credibility and business & market knowledge. For the Investor Relations programs, companies were ranked on the following attributes: quality of meetings, quality of earnings calls, pro-active communication; consistency of financial disclosure; and granularity of financial disclosure.
Additionally, voters also ranked companies on the quality of investor/analyst events, company board on their tenure & board refreshment and strategy & stewardship, and ESG.
The overall rankings in each of the categories—CEO, CFO, IR Professional, IR Company, ESG, Analyst Day, Company Board—are based on combined buy- and sell-side votes. Separate rosters (buy-side, sell-side) are also available for each award classification.
Honored Companies are companies who achieved at least one published position. To earn the designation of Most Honored Company, a company must achieve a weighted score of 7 or more points across the seven categories in the combined, buy-side and sell-side rankings, wherein each first-place position is worth three points; second place, two; and third place, one.
Midcap and Small Cap rankings were also produced. Midcap is defined as companies between $2 billion and $10 billion in market capitalization. Small cap is defined as companies with less than $2 billion in market capitalization. Market cap numbers were taken at the end of polling in March. To achieve Most Honored Company in the midcap and small cap rankings, companies must receive a minimum score of 11 and 12 points, respectively, across the seven categories in the combined, buy-side and sell-side rankings.
Most Honored Companies were also calculated using all companies, regardless of market cap or sector, for the following countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Most Honored cutoffs were 7 points for the overall, 14 for the midcap , and 13 for the small cap results.
As with 2025 the Latin America (ex-Brazil) rankings were based on the company’s headquarters. Most Honored cutoffs were 15 points for the overall ranking.
To be eligible for inclusion on the 2026 Latin America Executive Team, a company must be headquartered or have operational or executive headquarters in the region. We keep confidential the identities of the survey respondents to ensure their continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group.
