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Srinivas Sampath

Srinivas Sampath. Maldives, June 17-18, 2006. Presentation outline. Strategic focusOverview of the assistance processWhat have we done so far?Where do we want to go from here?. Srinivas Sampath. Maldives, June 17-18, 2006. Overview of Assistance for Corporate Governance. Srinivas Sampath. Maldive

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Srinivas Sampath

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    1. Srinivas Sampath Maldives, June 17-18, 2006

    2. Srinivas Sampath Maldives, June 17-18, 2006 Presentation outline Strategic focus Overview of the assistance process What have we done so far? Where do we want to go from here?

    3. Srinivas Sampath Maldives, June 17-18, 2006 Overview of Assistance for Corporate Governance

    4. Srinivas Sampath Maldives, June 17-18, 2006 The Commonwealth Fund for Technical Co-operation (CFTC)

    5. Srinivas Sampath Maldives, June 17-18, 2006 Strategic focus for Corporate Governance

    6. Srinivas Sampath Maldives, June 17-18, 2006 Strategic and Programme Objective

    7. Srinivas Sampath Maldives, June 17-18, 2006

    8. Srinivas Sampath Maldives, June 17-18, 2006 What have we done so far?

    9. Srinivas Sampath Maldives, June 17-18, 2006 Overview of the Commonwealth Programme

    10. Srinivas Sampath Maldives, June 17-18, 2006 Overview …

    11. Srinivas Sampath Maldives, June 17-18, 2006

    12. Srinivas Sampath Maldives, June 17-18, 2006 last page

    13. Srinivas Sampath Maldives, June 17-18, 2006 last page

    14. Srinivas Sampath Maldives, June 17-18, 2006 Partnership is key to our process Commonwealth Partners Member governments Central bank governors Commonwealth Association for Corporate Governance (CACG) External Partners GCGF National and international professional institutes Investment funds and ratings agencies Private Sector partners

    15. Srinivas Sampath Maldives, June 17-18, 2006

    16. Srinivas Sampath Maldives, June 17-18, 2006 Outcomes Widespread awareness on good corporate governance principles across the Commonwealth Capacity-building and policy promotion in almost 40 countries Intensive training for over 4,000 practicing directors

    17. Srinivas Sampath Maldives, June 17-18, 2006 last page

    18. Srinivas Sampath Maldives, June 17-18, 2006 last page

    19. Srinivas Sampath Maldives, June 17-18, 2006 Within Asia A network of partners currently being developed, who can take this process forward in a sustainable way: Bangladesh Enterprise Institute Academy of Corporate Governance, India Kerala Enterprise Restructuring programme (through RIAB) Programmes have also been held in Sri Lanka, and Malaysia, and now in Maldives.

    20. Srinivas Sampath Maldives, June 17-18, 2006 Summary of what we have done Promoting good Corporate Governance is an important strategic area for COMSEC COMSEC has a comparative advantage in this area Training & capacity building, with national code & individual action plan is the focus. Partnership is key to the process Impact has been positive & widespread contributing to achieving the Development Goals.

    21. Srinivas Sampath Maldives, June 17-18, 2006 In summary… Over US $ 2 million has been invested by COMSEC on the Corporate Governance programme. Focus primarily on grass-roots training of Directors COMSEC programme is extremely good value for money, compared to the coverage we have had. But we need partners who can commit technical and financial resources for Corporate Governance

    22. Srinivas Sampath Maldives, June 17-18, 2006 Where do we want to go from here?

    23. Srinivas Sampath Maldives, June 17-18, 2006 Two broad areas of intervention Advisory services Advisory work that would involve developing country specific strategies, sectoral focused plans and country codes. Further consolidate the work of applying CG principles to public sector enterprises Promote CG as a tool for economic development Explore new and emerging thematic areas in corporate governance. Strengthen the regional/national institutions Capacity building Consolidate and strengthen: Suite of training programmes- one; two; three; & five days. Specialised & sector specific programmes

    24. Srinivas Sampath Maldives, June 17-18, 2006 Advisory services Sustained focus on Financial Institutions (including non-Banking Financial Institutions, like AMCs) and Banks. Develop specific thrust on NGOs/ not for profit organisations; and co-operatives. State Owned Enterprises Corporate social responsibility Public- account Committees-particularly for countries with recent history in privatisation Complement the work of Commonwealth anti-corruption initiatives

    25. Srinivas Sampath Maldives, June 17-18, 2006 Capacity building Explore mechanisms to strengthen the five day-Director programme- (both content & faculty) Increase the local practice and content in these programme. Develop a structured follow-up with local institutions on the action plans being developed by company directors

    26. Srinivas Sampath Maldives, June 17-18, 2006 Capacity building Explore possibility of developing programmes for Fund Managers and CFOs of organisations. Initial attempt made in this regard needs consolidation. Specific programmes for trustee/board members of co-operatives, NGOs and not- for profit organisation needs to be developed.

    27. Srinivas Sampath Maldives, June 17-18, 2006 Partner network COMSEC would continue to work very closely with its partners in extending its mandate of corporate governance. It would also explore opportunities to work with new partners, who could bring significant value addition both in terms of financial and technical resources and capability. In parallel strengthen the capacities of regional partners in countries, who could sustain the capacity building process in the region.

    28. Srinivas Sampath Maldives, June 17-18, 2006 In summary… CG will continue to remain a focus area of COMSEC’s activities. The focus and attention needs to be channelised in certain key areas. It aims to network more closely with other development partners and institutions in delivering its mandate. Extend support to in-country partners; to sustain its work on corporate governance.

    29. Srinivas Sampath Maldives, June 17-18, 2006 Thank You

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