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Background
The Eurasian Corporate Governance Roundtable was established in October 2000, in response to the growing awareness among policymakers and donors in the region regarding the importance of corporate governance. The Eurasian Corporate Governance Roundtable has been assisting participating countries in developing public policy responses, using the OECD Corporate Governance Principles as a conceptual framework. After the publication of the report “Corporate Governance in Eurasia: A Comparative Overview”, the Eurasian Corporate Governance Roundtable has commenced Phase II of its work. It has moved from awareness-raising, stock-taking and initial assessment of the regional corporate governance landscape towards defining approaches to implementation of good practices in the region and discussion of policy priorities and reforms in concrete and more technical areas of corporate governance. Participating countries are Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Ukraine and Uzbekistan
On-going and Future Work
The Eurasia Roundtable has identified banking-sector development as a priority for reforms and a critical factor for better corporate governance, and agreed to establish a Task Force on Corporate Governance of Banks. The Task Force’s mandate is to develop a – non-binding – policy brief with concrete recommendations (but without creating any new set of international standards), which identifies objectives and proposals for achieving them, as regards the main issues and priorities for reform in the corporate governance of banks in the Eurasian context. The role of the Task Force will be to contribute to the concrete work undertaken by the Roundtable in order to foster good corporate governance in participating countries. The Task Force will be able to build on experience of both banking and capital markets supervisors as well as the banking industry in participating countries and OECD Member Countries.
Report: "Corporate Governance in Eurasia: A Comparative Overview"
The major output of the Roundtable process is the report “Corporate Governance in Eurasia: A Comparative Overview”. Using the OECD Principles as a benchmark, it provides a detailed comparison and analysis of legal frameworks, implementation policies, institutions and corporate practices in the region, and identifies reform priorities in the region. The overview was officially launched at Roundtable meeting held in May 2004. More ...
Recent Roundtable meetings:
General information on the Corporate Governance Regional Roundtables
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