The OECD will present its 'Corporate Governance in Eurasia: A Comparative Overview' at the 5th meeting of the Eurasian Corporate Governance Roundtable, 17-18 May 2004. The OECD Principles of Corporate Governance: 2004 and corporate governance reform in Ukraine will also be discussed. A press conference is planned for 10:00 AM, 18 May. All interested members of the press are invited.
Corporate Governance in Eurasia: A Comparative Overview provides a comprehensive assessment of corporate governance practices in Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Ukraine and Uzbekistan. It describes how current state of corporate governance in the region has been shaped by the often difficult process of transition from planned to market economy and provides an overview of both the current legal framework and actual practices. It also list reform priorities and presents a range of options to improve governance in the region. Experts on corporate governance from Eurasia as well as OECD member countries have reviewed earlier drafts of the Overview, and provided substantial input.
Good corporate governance ensures that companies use their resources more efficiently and leads to better relations with workers, creditors, and other stakeholders. Most importantly for the transition economies of Eurasia, good corporate governance enhances the confidence of domestic and foreign investors. As such, it is an important prerequisite for attracting international investment, especially the patient capital needed to sustain faster long run economic growth. Improved corporate governance also plays a vital role in reducing corruption and strengthening civil society.
The 5th meeting of the Roundtable will take place at the Hotel Rus in Kyiv and is hosted by the Securities and Stock Market State Commission of Ukraine and the PFTS Securities Trading System. It is organised with the support of the Japanese government, the International Finance Corporation and bilateral donors. The event will have simultaneous Russian/English translation. Draft copies of the Corporate Governance in Eurasia: A Comparative Overview will be provided to participants and members of the press.
The Roundtable will be attended by a diverse group of financiers, businessmen, academics, and others interested in good corporate governance in Eurasia. There will be remarks on the issues by members of the Ukrainian Government and high level officials from securities regulators and stock exchanges from across the region.
A draft agenda for the Presentation is attached. For further information, journalists are invited to contact Anna Honcharyk at AHoncharyk@ifc.org. For questions specifically on the Comparative Overview, please contact Elena Miteva at email@example.com