Archive for the 'Events and Conferences' Category

‘We need good corporate governance’

by Mike Mugala for Zambia Daily Mail

MINISTER of Commerce, Trade and Industry Margaret Mwanakatwe says corporate governance has the potential to attract investment in many sectors of the economy.

Mrs Mwanakatwe said  Government  will always  champion  the cause  of  good  corporate  governance  for Zambia to attract significant investment that  should in turn lead to  industrialisation  and  employment creation  for citizens.

“We as government support sound corporate governance principles and ethics as they are key in ensuring proper management, control and accountability for the affairs of private and public enterprises in Zambia,” she said in Lusaka yesterday at an Institute of Directors of Zambia (IoDZ) workshop. Read more here.

How can co-operatives get governance right?

By Anthony Murray for Co-operative News

Lord Myners, the architect behind the Co-operative Group’s governance reform, presented his views on the organisation’s crisis to a group of academics.

A conference, Is mutuality the answer to the ownerless corporation?, organised by the London Business School, looked at the role of governance and ownership in business. Paul Coombes, chair of LBS’s Centre for Corporate Governance, said: “This is about what is the purpose of the corporation and the merits of different ownership forms.”

In what he described as a public debate on ownership, sparked by the financial crisis and the growth of the Occupy movement, he commented: “There is considerable concern about the drawbacks and excesses of investor-owned corporations and unacceptable management, plus the concerns of consequences of that for important societal values.”

Lord Myners discussed his Co-operative Group findings, but stressed: “Failures in governance are far from being the exclusive preserve of the Co-op Group. Plcs and state-owned enterprises also fail in terms of governance.”

A root problem is that “nobody owns enough to care enough” of a co-operative to be invested in its future, said Lord Myners. “At the Co-op, the board had difficulty understanding large and complex organisations and was slow in decision making. Read more here.

Gatekeepers of Governance: Corporate governance summit

for Moneycontrol

Following a series of significant developments in the Companies Act 2013 and clause 49 of the listing agreement SEBI has demanded a stringent change in the corporate governance requirements. Gatekeepers of Governance of governance was organised by excellence enablers as a two day corporate governance summit to enable stakeholders of corporate India to discuss and deliberate on good corporate governance practices.

Spread over two days the summit comprised of nine enlightening sessions aimed at addressing the pertinent issues regarding corporate governance.

Watch video here.

IFC Helps Promote Best Practice in Corporate Governance in Europe and Central Asia

The FINANCIAL

IFC, a member of the World Bank Group, is boosting the capacity of local partners in Europe and Central Asia to provide advice on good corporate governance and help spur private sector growth.

IFC’s Corporate Governance Program in Europe and Central Asia, funded by Switzerland’s State Secretariat for Economic Affairs (SECO), together with law firm Eristavi & Partners, the Georgian Institute of Directors, the Georgian Banking Training Centre and PMO Business Consulting, hosted more than 25 representatives from partners from 10 countries, in Tbilisi this week.

The purpose was to share knowledge and continue to build capacity in corporate governance, which focuses on improving the structures and processes by which companies are directed and controlled. When implemented effectively, it helps to enhance competitiveness, efficiency and profitability, and enables companies to expand sustainably while attracting investment. Read more here.

JSE companies’ boards to be targeted

by Allan Greenblo for Moneyweb News

Amid the razzmatazz in having provoked the national government on e-tolls, and its earlier stance in having opposed the re-election of President Jacob Zuma at Mangaung, the provincial body of the ANC in Gauteng has offered another input that has so far not received the attention it deserves. Potentially, it’s even more momentous.

It opens for consideration in SA something akin to the successful German model of corporate governance. Discarding the revolutionary clichés of party presentation, this could be the desired outcome.

Almost buried in the sectoral discussion paper, tabled at the annual ANC Gauteng conference in October, is a policy proposal focused on retirement funds; specifically, on overcoming the “inaction” of black members to use their rights as ultimate shareholders in the election of directors to the boards of companies where their funds are invested. Read more here.

Workshop focuses on corporate governance

by Tamara Pupic for Arabian Business

Dubai SME and the International Finance Corporation (IFC) have recently organised a new workshop for Dubai SME100 companies to increase their corporate governance capabilities.

The two-day workshop addressed challenges faced by the CEOs of Dubai SME100 companies and their senior management teams and advised on the ways to improve their corporate governance practices.

Other topics focused on how to implement best practices in corporate governance as per investor needs, and were presented by the speakers from leading investment institutions in the region such as SHUAA Capital and Abraaj Capital. Read more here.

‘Protecting Long-Term Interests Of Stakeholders Is Fiduciary Duty’

by Dina Medland for Forbes

“Until recently there have been two separate worlds. There are experts in the fields of corporate governance, those who focus on compensation and other boardroom issues – and there has been the sustainability universe, which includes investors. Now we are beginning to see a convergence” says Bob Eccles, Professor of Management Practice at Harvard Business School.

It’s an early start for him today in New York as the UN Global Compact begins the day by imagining the #FutureCorporation at its Global Compact LEAD symposium on a live stream. It is the launch of an innovative program for company boards and a bid to bring different worlds together. Read more here.


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