Corporate governance principles

The 5th Meeting of the Eurasian Roundtable, Kyiv, Ukraine 17-18 May 2004


The fifth meeting of the Eurasian Corporate Governance Roundtable took place in Kyiv, Ukraine on 17-18 May 2004. The meeting was co-hosted by the International Finance Corporation (IFC), and the First Securities Trading System (PFTS) of Ukraine.  It was organised with the support of the International Finance Corporation (IFC), the World Bank (WB), the OECD/WB Global Corporate Governance Forum (GCGF) and the government of Japan.

The meeting brought together approximately 70 participants from 9 countries from Eurasia (Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Ukraine and Uzbekistan), and 4 OECD member countries (Germany, Japan, United Kingdom and the United States), as well as representatives of multilateral organisations (EBRD, WB, IFC, USAID).  The participants included senior government officials and policy makers from relevant ministries, securities market regulators, representatives of stock exchanges, corporate governance legal experts and professionals, as well as investors and representatives of the corporate sector in Eurasia.

On the first day participants discussed the paper "Corporate Governance in Eurasia: A Comparative Overview", which is the result of the Roundtable discussions, country surveys and questionnaires. On the second day, corporate governance developments and reforms in Ukraine were discussed.

1. Annotated Agenda English  / Russian
2. Synthesis Note

His Excellency Ambassador of Japan to Ukraine, Mr. Kishichiro Amae
Mr. Masaaki Kaizuka, Head of Outreach Unit, Principal Administrator, OECD

SESSION I: Presentation of Corporate Governance in Eurasia: Comparative Overview
The Comparative Overview , Ms. Elena Miteva, Administrator, Directorate for Financial and Enterprise Affairs, OECD
Remarks on The Comparative Overview , Mr. Christian Strenger, Global Corporate Governance Forum
Corporate Governance Reform in Azerbaijan , Mr. Alum Bati, Partner, Salans, Azerbaijan
Corporate Governance in Kazakhstan , Ms. Aiken Nazhimedenova, Head, Issue and Circulation of Financial Instruments, National Bank of Kazakhstan

SESSION IV: The Role of National Corporate Governance Principles for Fostering a Culture of High Standards
Corporate Governance Standards: The Importance of Compliance and Main Issues in Germany , Mr. Christian Strenger, Global Corporate Governance Forum
The Experience with the King Guidelines , Mr. Philip Armstrong, ENF Corporate Governance Advisory Services

SESSION V: Corporate Governance Practices in Ukrainian Joint Stock Companies
The Experience of Ukrainian Joint Stock Companies , Ms. Diana P. Smakhtina, Sigma Bleyzer, Ukraine

SESSION VI: Corporate Governance as a Factor for Stock Market Development, Investment and Economic Growth
Value in Corporate Governance , Mr. Simon Wong, Corporate Governance Expert, McKinsey & Company
Improving Corporate Governance in Emerging Markets , Mr. Robert D. Strahota, SEC Office of International Affairs, USA