Resumen Al proceso y procedimientos empleados para administrar un negocio y los temas corporativos que le competen se le llama gobernanza corporativa. En el caso de las entidades públicas deben cumplir con la reglamentación que el gobierno establezca siguiendo sus valores, misión y visión para cumplir con su papel social. En este ensayo se analizan las bolsas de valores de Estados Unidos y de Canadá bajo la Teoría General de Sistemas (TGS), donde cada país aplica prácticas de gobernanza corporativa diametralmente opuestas entre estos vecinos. Uno se ha adaptado a un entorno de lenta evolución que privilegia el individualismo. Mientras el otro promueve prácticas de rápida adaptación al entorno privilegiando la colectividad. El marco jurídico e institucional de la gobernanza corporativa de los países en cuestión está diseñado para aplicarse en ecosistemas diferentes y por ello el resultado es polarizado. En unos cincuenta años se esperaría la estabilización del ecosistema hacia alguna de ambas tendencias, la que tenga mayor poder. Abstract The term corporate’s governance refers to the process and procedures used to manage a business and the corporate matters that it concerns. The public entities must comply with the regulations established by the government, following its values, mission, and vision to fulfill its social role. In this essay, the United States and Canadian stock exchanges are analyzed under the General Systems Theory (TGS). Each country applies corporate’s governance practices diametrically opposed. One has adapted to a slowly evolving environment that favors individualism. While the other promotes practices of rapid adaptation to the environment, privileging the community. The legal framework and institutional framework of corporate’s governance of the countries in this essay are designed to be applied in different ecosystems and therefore the result is polarized. In the next fifty years, the ecosystem stabilization would be expected towards one of both tendencies, the one with the greatest power., Código JEL: F01, F59, G38, {"references":["Burke, K. (2002). Regulating Corporate Governance through the Market: Comparing the Approaches of the United States, Canada and the United Kingdom. The Journal of Corporation Law, 27, 341-380. https://bit.ly/3v4bTYj","Calkoen, W. (2017). The Corporate Governance Review (7th ed.). Law Business Research.","Calkoen, W. (2018). The Corporate Governance Review (8th ed.). Law Business Research.","Canadian Gender and Good Governance Alliance. (2017, November 7). Canadian Gender and Good Governance Alliance established to advance gender diversity on boards and executive positions. https://bit.ly/3x84loY","Dharamdial, J. (2014, October). Directors' Responsibilities in Canada. Osler, Hoskin & Harcourt. https://bit.ly/2TczLMd","Gull, A. (2018). Gender-diverse boards and financial statements quality: The role of female directors' attributes. Université du Maine.","Hong, B. (2017, March/April). Paying for CSR is Good Governance. Ivey Business Journal. https://bit.ly/2T9bjvc","Idemudia, U., & Kwakyewah, C. (2018, April 30). Analysis of the Canadian national corporate social responsibility strategy: Insights and implications. Corporate Social Responsibility and Environmental Management, 25(5), 928–938. https://doi.org/gfbndc","Luo, Y., & Salterio, S. (2014, June 17). Governance Quality in a \"Comply or Explain\" Governance Disclosure Regime. Corporate Governance: An International Review, 22(6), 460-481. https://doi.org/f6n242","Nestor, S. (2018, December 26). Corporate Governance 2030: Thoughts on the Future of Corporate Governance. Harvard Law School Forum on Corporate Governance. https://bit.ly/3w0ckEh","OECD. (2015). G20/OECD Principles of Corporate Governance. OECD Publishing. https://doi.org/gmg5","Ouedraogo, A. (2018). Determinants of under-representation of women on Boards of Directors: an exploratory study of African public and private firms. Economics and Business Review, 4(18), 98-113. https://bit.ly/3is8908","Rowley, T., Shipilov, A., & Greve, H. (2016, May 25). Board Reform Versus Profits: The Impact of Ratings on The Adoption of Governance Practices. Strategic Management Journal, 38(4), 815-833. https://doi.org/ghcwxc","Sears, T. (2013, December 15). \"New Subsidiary Governance\" for International Banks an Empirical Study of leading Canadian International Banks. University of St Gallen.","Switzer, L., Wang, J., & Zhang, Y. (2016, November 25). Effect of corporate governance on default risk in financial versus nonfinancial firms: Canadian evidence. Canadian Journal of Administrative Sciences, 35(2), 313-328. https://doi.org/gdncv7","Winters, T., & Jacobs-Sharma, M. (2016, Spring). Gender Diversity on Corporate Boards: The Competing Perspectives in the U.S. and the EU. Comparative Corporate Governance and Financial Regulation, (13). https://bit.ly/3gjEUd5"]}