Corporate governance principles

OECD/EBRD Joint Conference on Corporate Governance of Banks in Eurasia


Conference on Corporate Governance of Banks in Eurasia, London, 30 April 2008


Good corporate governance practices of banks are essential to maintaining the sound and proper functioning of the banking sector.  It is often argued that bank failure might involve systemic risks and have a huge negative impact on depositors, other stakeholders and the economy as a whole.  Bank failure might also undermine one of the core elements of the market economy, that is, people’s confidence in banks – a painful experience that has already occurred in the transition period in Eurasia. The interests of depositors deserve special attention in a discussion of bank corporate governance.  There are additional reasons why bank governance should be enhanced in the Eurasian context.  The banking sector is one of the most advanced and well organised in many Eurasian countries.  Furthermore, Eurasian banks often occupy a position in which they can, if they wish, influence the corporate governance of their corporate borrowers.  Banks in Eurasia are expected, if not required, to become role models for other companies in implementing better corporate governance. Aiming at improving bank corporate governance in Eurasia, and based on well-known international standards, a task force developed a policy recommendation paper: Policy Brief on Corporate Governance of Banks in Eurasia. In order to disseminate the Policy Brief and to make further discussion on the subject,  OECD/EBRD Joint Conference on Corporate Governance of Banks in Eurasia was held on April 30, 2008 at the headquarters of the EBRD in London.  Policy makers, banking supervisors, representatives from capital market authorities, practitioners and bankers from both Eurasian countries and the OECD member countries as long as the officials of international organisations got together to discuss approaches to improve bank governance in Eurasian countries.  


The Policy Brief on Corporate Governance of Banks in Eurasia







The Policy Brief on Corporate Governance of Banks in Eurasia identifies key corporate governance challenges affecting Eurasian banks and the banking sector, and recommendations to address them. Its purpose is to support policy-makers, banking supervisors, capital market regulators, stock exchanges, banking industry associations, institutes of directors, and, last but not least, banks in the Eurasian region.  While reflecting well-known international standards such as the OECD Principles of Corporate Governance and the Basel Committee’s guidance, Enhancing Corporate Governance for Banking Organisations, its recommendations are developed in the Eurasian context.


  English version

 Russian version



Speakers presentations


Session 1: Policy Brief on Corporate Governance of Banks in Eurasia
Mr. Irakli Kovzanadze
Mr. Motoyuki Yufu

Mr. Gian Piero Cigna
Mr. Roger Gladei Mr. Roger Gladei and Mr. Charles Canfield

Session 2: International Cooperation and Supervisory Roles on Bank Governance
Ms. Anna-Karin Saxena
Mr. Kurt Geiger
Mr. Pasquale di Benedetta
Mr. Michael Wurz

Session 3: Banks and Corporate Governance
Mr. Andrew Procter
Mr. Patrice Josnin

Mr. Roger Dickinson
Mr. Tur-Od Lkhagvajav

Session 4: Views of External Auditors and Credit Rating Agencies on Bank Governance
Mr Robert Stenhouse
Ms Janet Holmes

Session 5: Current Conditions and Adjustments in the Financial System
Dr. Sibel Beadle



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