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2 nd South East Europe Roundtable on Corporate Governance Istanbul - May 30-31, 2002 Marie-Laurence GUY www.gcgf.org. The Global Corporate Governance Forum. The GCGF was officially launched in Monterrey, Mexico at the UN meeting on Finance for Development on April 20, 2002.
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2nd South East Europe Roundtable on Corporate Governance Istanbul - May 30-31, 2002 Marie-Laurence GUY www.gcgf.org
The Global Corporate Governance Forum • The GCGF was officially launched in Monterrey, Mexico at the UN meeting on Finance for Development on April 20, 2002. • To support developing and emerging economies to promote corporate governance reform.
Why? • Corporate governance has become an issue of worldwide importance. The corporation has a vital role to play in promoting economic development and social progress. • The efficiency and the accountability of the corporation is now a matter of both private and public interest.
Who is GCGF? • Founders : WBG - OECD • Donors: Luxembourg, Netherlands,Norway, Sweden, Switzerland ,United Kingdom, United States • Staff: Secretariat & IFC support • Volunteers: Private Sector Advisory Group • Partners: CERES, ICFTU, TI, Commonwealth, etc
The Mission of GCGF To help countries improve standards of governance for their corporations by: • Fostering the spirit of enterprise and accountability • Promoting fairness, transparency and responsibility
How? • Raise awareness • Build consensus • Disseminate best practice • Provide technical assistance • Support capacity building • Fund research
Dialogue Corporate Governance Roundtables • Latin America, Asia, Russia, Eurasia, South Eastern Europe • Pan African Consultative Forum • Using the OECD Principles as a framework • White papers: diagnosis / recommendations
Building Consensus Private Sector Advisory Group • Members from developed and developing countries including from Brazil, India, Philippines, Zimbabwe, South Africa, Thailand, Poland • Investor Responsibility Taskforce $3 trillion • IFC Global Financial Markets team
TA = Know How A country toolkit for reform • To distill the experience of reform to date and lessons learned from a range of developing and emerging markets, in order to develop effective implementation at the country level, and thereby ensure impact.
Capacity Building Global Director Training Network • To identify needs, pool resources and experience, exchange best practice, and develop core curriculum based upon international standards and adapted to local circumstance, and build local capacity for training. • A pilot ‘train the trainers’ program at Yale International Institute for Corporate Governance from July 14 – 23.
A Knowledge Network Research priorities • Leading academics met on April 5 to assess the research priorities relevant to reform, recognizing that evidence and analysis is still fragmented and not always in a form to support policy recommendations. • The start of a long-term network to shape a policy agenda and encourage collaboration among researchers and practitioners.