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Learn about the Asian Institute of Corporate Governance, the primary research institute on corporate governance issues in Asia. Explore their goals, organization, activities, and plans for the future.
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The 2006 Asian Roundtable in Corporate GovernanceEnforcement Revisited/Boardroom PracticesSession 5Related Activities and Next Steps: Asian Institute of Corporate Governance Kyung Suh Park Asian Institute of Corporate Governance and Korea University Bangkok, 15 September 2006 The views expressed in this paper are those of the author and do not necessarily reflect those of the OECD or its Member countries or the World Bank
Contents • Overview - Asian Institute of Corporate Governance • Organizations • Activities • Future Agenda
Asian Institute of Corporate Governance - The primary research institute on corporate governance issues in Asia The Goals • To provide stimulating academic environment to encourage top-rated research on corporate governance • To develop and provide policy measures and implications on corporate governance issues • To provide training programs for business people • To enhance international cooperation on corporate governance issues • To enhance the public understanding on corporate governance
Asian Institute of Corporate Governance Background • Corporate governance issues requires cooperation among academics, policy makers, practitioners and management • Interdisciplinary nature of corporate governance requires cooperative works in finance, law, economics and politics • Cross regional cooperation is also needed to help local economies to improve corporate governance of their domestic firms • AICG tries to comprise inter-area, interdisciplinary and international perspectives in its activities
Organization • Director • Hasung Jang, Professor of Finance at Business School, Korea University • Associate Directors • Kyung Suh Park, Professor of Finance at Business School, Korea University (Planning and International Cooperation) • Jinwan Jo, Professor of Finance at Business School, Korea University (Education) • Inmoo Lee, Professor of Finance at Singarpore National University (Research) • 7 Non-resident Research Fellows, including • Bernard Black, Professor of Law at University of Texas Law School • Stijn Clasessens, World Bank • Simon Johnson, Associate Professor of Entrepreneurship at MIT • 16 Resident Research Fellows
Activities – Academic Research and Projects • Maintain and conduct research and projects on corporate governance related databases • Support academic research on corporate governance • Publish monographs and working papers on corporate governance • Projects • 2002. Criteria for Good Governance / KOSDAQ • 2002. Management Evaluation and Compensation System for KT • 2003. CG project on POSCO • 2004. Stock Index Development for the Korea Stock Exchange • 2004. Liquidity Provider Project for the Korea Stock Exchange • 2005 and 2006. Evaluation of the Corporate Governance of Korean firms / Korea Fair Trade Commission
Activities – Conferences and Seminars • Asian Corporate Governance Conferences in Seoul • 1st conference : Nov. 14, 2001 • 2nd conference : May 16-17, 2002 • 3rd conference : May 15-16, 2003 • 4th conference : May 19-20, 2005 • Weekly Finance Seminars • Special Lecture Series • Lloyd Blankfein, CEO, Goldman Sacks • Mats Isaksson, Director, OECD • Bill Hwang, CEO, Tiger Fund Asia
Activities – Education Programs • Corporate Governance Program for Directors • 8-week trading program for corporate directors and executives • Covers such issues as shareholder rights, the role of directors, the BOD, auditors, legal issues, Case studies, Clinic program for participating companies • Advanced Finance Program • One year full-time education program for the middle management of financial and public institutions
the Future – Relationship and Cooperation • Expand cooperative works with other leading institutes on corporate governance • World Bank, OECD, Institute of Corporate Governance-Yale University, IDEA NET…. • Enhance the effectiveness of the institutional efforts to improve corporate governance of local firms • Strengthen the academic research capability • Increase research fund for academics • Invite the chaired professor of corporate governance • Share our experience with emerging economy countries and provide training/education opportunities
Contact Information The Asian Institute of Corporate Governance Business School, Korea University 1, 5 Ka, Anam-Dong, Sungbuk-Ku, Seoul, KOREA 136-701 Tel: +82-2-3290-1657 FAX: +82-2-3290-2552 E-mail: aicg@korea.ac.kr Web: http://www.aicg.org