Dedicated to the memory of Luigi M. Venanzi in recognition of his significant contribution to transition metal chemistry [(L L')Pd(H 2 O)](OTf) 2 complexes, in which L L' is a chelate ligand containing the chiral 4-benzyl-4,5-dihydrooxazole moiety and either pyridin-2-yl or 2-(diphenylphosphino)phenyl substituents, catalyze the copolymerization of styrene with carbon monoxide with an isotactic or prevailingly syndiotactic microstructure, respectively. The chiroptical properties of the copolymers and model studies for carbon monoxide and olefin insertion on related Pd complexes suggest that the reason for the different stereochemistry of the copolymers is a site-selective coordination of the olefin in the intermediates containing the P N ligand; a lower regioselectivity in the coordination and a different coordination site lead to the different diastereoselectivity for the copolymer formation by the complex containing the N N'-ligand.