2nd Eurasian Corporate Governance Roundtable: 7-8 June 2001

The Second OECD-World Bank Eurasian Corporate Governance Roundtable was held in Tbilisi, Georgia with the support of the International Finance Corporation, the US Agency for International Development, the Japanese Government, and the Global Corporate Governance Forum.  Over 130 leading representatives of governments and from the private sector, as well as academics, members of international financial institutions and experts from OECD Member countries met to monitor and evaluate corporate governance developments in the region and examine in depth the importance of transparency and disclosure on all matter regarding the corporation.

Participating Eurasian countries included Georgia, Armenia, Azerbaijan, Ukraine, Moldova, Kazakhstan, Uzbekistan, the Kyrgyz Republic, and Mongolia.  Hosted by the National Securities Commission of Georgia, the Georgian Stock Exchange and the International Regional Federation of Accountants and Auditors of Eurasia, this second meeting of the roundtable:

• Explored the role of disclosure and its contribution to improving both the domestic and foreign investment climate;
• Considered impediments to the implementation of better disclosure practices in the Eurasian context and contribute to improve the understanding of disclosure practices;
• Served as a central vehicle in the process of identifying key areas for improvement in the regulatory domain and in private practice.

General Information on the Eurasian Corporate Governance Roundtable

• Agenda  English  Russian
• Notes to the Agenda English  Russian
• Synthesis Note English   Russian

Opening Session- Russian

Welcoming remarks by Georgian host
Mr. Temur Basilia, Advisor on Economic Reforms, Cabinet of the President of Georgia

Welcome and Opening remarks
Mr. Seiichi Kondo, Deputy Secretary General, OECD

Main Conference papers and presentations

• Disclosure, Transparency and Financial Statements English  Russian
  Dr. Demir Yener, Senior Financial Sector Advisor, Corporate Governance Team Leader Europe and Eurasia Bureau, Office of Market Transition, USAID, Washington, D.C.
• The Role of the Board in Overseeing Disclosure English  Russian
  Mr. Masao Yanaga, Associate Professor of Law and Accounting, University of Tsukuba, Japan
• Materiality and Timeliness  English  Russian
  Mr. Simon Wong, Counsel and Principal Administrator, Corporate Affairs Division, OECD
• Listing and delisting: the role of stock exchanges in securing proper disclosure  English
  Russian
  Ms. Irina Zarya, President, The First Stock Market Trade System (FSMTS)
• From Guidance to Sanctions: Powers that Securities Commissions should possess
  English  Russian
  Ms. Galina Shalgimbayeva, Georgian Consulting Group Inc.
• Transparency and Disclosure: setting the context English  Russian
  Mr. Alexander Krakovsky, Ukraine Investment Advisors
• The relevance of international accounting and auditing standards
  Mr. Michael Gorsky, Director, FIAR, Russian Federation
• The Real Need for Auditor Independence in Practical Terms
  Ms. Mary Dolson, Global Corporate Reporting Group, PricewaterhouseCoopers Global, UK
• Non-finance Disclosure of Issuers  English  Russian
  Mr. Alexey Romashko, Deputy Head, Securities and Stock Market State Commission of Ukraine

Transparency and Disclosure surveys

• Armenia English  Russian
  Dr. Gregory F. Maassen, IFC, Yerevan, Armenia, & Mr. Tigran Karapetyan, Vice Chairman, Securities Exchange Commission, Armenia
• Kyrgyz Republic  English  Russian
  Mr. Bakyt A. Kartanbaev, Director, Corporate Development Center of the Prime Minister's Office of the Kyrgyz Republic
• Georgia  English  Russian
  Mr. George Loladze, Chairman of the Supervisory Board Georgian Stock Exchange
• Moldova English  Russian
  Mrs. Nelea Sclearov, Chief of the Department of market policy's elaboration and promotion, National Securities Commission
• Mongolia English  Russian
  D. Bailikhuu, Advisor State Property Committee, Government of Mongolia
• Ukraine English  Russian 
  Motria Onyschuk-Morozov, Project Manager - Corporate Governance in Ukraine,          International Finance Corporation
• Ms. Svitlana Yak. Zubilevitch, Head of the UFPAA Professional Education Committee, Ukrainian Federation of Professional Accountants and Auditors
  English
• Mr. Alexander Krakovsky, CEO, Ukraine Investment Advisors, Inc.
  English  Russian
• Ms. Oxana Vasilenko, and Ms. Tatiana Gurko, Financial Analyst, Financial Markets International, Inc. (FMI)
  English  Russian
• Uzbekistan English
  Mr. Ilkholm Azizov, Partner, Gouldons Central Asia Ltd.

IAS GAP analysis

• The Eurasian Landscape: IAS GAP Analysis  English   Russian
  Mr. Sergei Balchenko, Member of the Council of the International Regional Federation of Accountants and Auditors IRFAA Eurasia, Chairman of the Accounting Standards Committee
  
• Gap-analysis of Main Differences between the National Accounting and Financial Reporting Rules and International Accounting Standards (IAS):
• Armenia  English   Russian
• Azerbaijan English  Russian
• Kazakhstan English  Russian
• Ukraine English  Russian
• Uzbekistan English  Russian

Corporate Governance Landscape papers

• Corporate Governance in Georgia  English  Russian
  Mr. Jioshvili Levan, Georgian Consulting Group Inc
• Corporate Governance in Mongolia  English   Russian
  Econsulting
• Key Initiatives in Corporate Governance in the Kyrgyz Republic English Russian
  Mr. Tolon Toichubaev, Corporate Technologies Center