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OECD Secretary-General Address to the Annual Meeting and Conference of BICG

OECD Secretary-General Address to the Annual Meeting and Conference of BICG
On the 20th of April, the Baltic Institute of Corporate Governance (BICG) held the Annual General Meeting (AGM) and Governance Conference 2017, in Vilnius. The morning session saw the members of the Institute meet for the AGM, where they approved the annual activity and audited financial reports, elected new members of the BICG Board and the Nomination Committee. The afternoon...

On the 20th of April, the Baltic Institute of Corporate Governance (BICG) held the Annual General Meeting (AGM) and Governance Conference 2017, in Vilnius.

The morning session saw the members of the Institute meet for the AGM, where they approved the annual activity and audited financial reports, elected new members of the BICG Board and the Nomination Committee.

The afternoon session and Governance Conference 2017 opened with the welcome speech by Rugilė Andziukevičiūtė-Buzė, Vice-Minister of Economy of Lithuania, and a video address by Angel Gurría, Secretary-General of the Organisation for Economic Co-operation and Development (OECD).

„Improving corporate governance in these times, when public trust in governments and corporations is at record low levels, is even more important, and that is why I am delighted that we share this conviction,“ said Mr Gurría.

Watch the video address here

AGM

Four members of the BICG Board stepped down during the AGM and four new members were elected.

“I want to sincerely thank Arminta Saladžienė and Linas Dičpetris, who have been with the Institute since its very beginnings. We are simply fortunate to have had them on our Board, and to continue to have them as our members, friends and allies. And only the same thanks can be expressed to Uldis Biķis and Antanas Zabulis, who are stepping down after helping to make BICG as it is today,” says Rytis Ambrazevičius, President of the BICG.

New members joining the Board of BICG are Kārlis Danēvičs, Member of the Management Board at SEB in Latvia; Lina Minderienė, CEO of Lithuanian Post; Irmantas Norkus, Managing Partner of Cobalt Lithuania; and Kaarel Ots, CEO of Nasdaq Tallinn.

Daiga Auziņa-Melalksne, Chair of the Management Board at Nasdaq Riga, was elected to serve on the BICG Board for another 3 years tenure.

The AGM has also elected the Nomination Committee, for a tenure of 1 year.

More information about the BICG leadership can be found online here, while the BICG Annual Report 2016 can be viewed here.

Governance Conference 2017

The annual Governance Conference this year was focused on the Impact of Corporate Governance on Sustainable Business Success.

Among the speakers were Richard Frederick, corporate governance expert and one of the authors of the 1999 OECD Principles of Corporate Governance; Peter Englisch, Global Leader Family Business at EY; Matti Hyyrynen, Head of Baltics at European Bank for Reconstruction and Development; Imants Jansons, Vice President Legal Affairs at airBaltic; and Riina Käi, Member of the Management Board at Tallinna Vesi.

Vice-Minister of Economy

Ms Rugilė Andziukevičiūtė-Buzė, Vice-Minister of Economy of Lithuania, gave welcome speech.

Mr Richard Frederick

Mr Richard Frederick spoke on ensuring business sustainability through improved governance.

Audience

During the conference.

Mr Matti Hyyrynen

Mr Matti Hyyrynen shared investors’ view on corporate governance.

Mr Imants Jansons

Mr Imants Jansons spoke on corporate governance practise, sharing airBaltic experience story.

AGM & Conference

A short break.

RK

Ms Riina Käi shared the governance story of Tallinna Vesi.

Mr Peter Englisch

Mr Peter Englisch gave many insights into the governance of family owned businesses.

Informal discussions.

Informal discussions.

Informal discussions.

Informal discussions.

We thank our member Swedbank for hosting us for the day.

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Invitation to Board Member Education, Spring 2017

Invitation to Board Member Education, Spring 2017
Baltic Institute of Corporate Governance (BICG) invites board and supervisory council members, shareholders and top executives to attend professional board member education program in spring 2017. Background of the education Topics of the education program are compiled based on the principles and recommendations on corporate governance by the International Finance Corporation of the World Bank Group (IFC) and Organization for Economic...

Baltic Institute of Corporate Governance (BICG) invites board and supervisory council members, shareholders and top executives to attend professional board member education program in spring 2017.

Background of the education

Topics of the education program are compiled based on the principles and recommendations on corporate governance by the International Finance Corporation of the World Bank Group (IFC) and Organization for Economic Co-operation and Development (OECD).

The spring program will be led by well experienced Swedish and Danish professionals, as well as Baltic experts.

“We are happy to see that the importance of good corporate governance is becoming increasingly recognised across the Baltic region, and we are proud to continue to offer an opportunity to learn from the Scandinavian experience and from the growing number of Estonian, Latvian and Lithuanian experts,” says Rytis Ambrazevičius, President of the BICG.

Education is held in the English language, it consists of three sessions (two days each) and final examination.

Spring dates:

• April 27th and 28th – first session in Vilnius;
• May 10th and 11th – second session in Tallinn;
• May 18th and 19th – third session in Riga.

Education helps shareholders to…

  • Monitor the company more effectively;
  • Ensure that it is run as efficiently as possible in the interests of shareholders;
  • Increase transparency of the company;
  • Boost access to capital and financial markets;
  • Elevate the confidence of potential partners;
  • Raise the value of the company;
  • Enhance and safeguard company reputation;
  • Develop the long-term prosperity of the company.

Education helps board and council members to…

  • Improve top level decision making processes;
  • Build up better control environments;
  • Develop better internal practices and compliance;
  • Reduce potential fraud and conflicts of interest;
  • Ensure higher level of protection for all investors;
  • Build effective, transparent and ethical business;
  • Improve relationships among the management, board, shareholders and stakeholders;
  • Contribute to the long-term, sustainable growth of the company;
  • Encourage effective succession planning for top and senior management;
  • Serve professionally on the boards in all three Baltic States and globally.

Education helps top management to…

  • Minimize losses, corruption, risks and mismanagement;
  • Improve everyday interactions with shareholders, board and council;
  • Ensure continual achievement of shareholders’ goals;
  • Obtain more favorable lending as a result of greater transparency and confidence;
  • Attract and cooperate with partners more beneficially;
  • Attract and retain key talents more easily;
  • Improve profitability;
  • Support brand formation and development;
  • Elevate company’s accountability and transparency to its shareholders and other stakeholders: employees, creditors, customers and the wider society.

To download the full introduction to the program, please follow the link below:

Introduction (EN)

For more information, please contact:

Rytis Ambrazevičius
President
Mob. +370 698 17011
E-mail rytis[at]bicg.eu

Andris Grafs
Country Manager Latvia
Mob. +371 297 84407
E-mail andris[at]bicg.eu

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Impact of Disinformation: Strategy Adjustment & Risk Governance for Business

Impact of Disinformation: Strategy Adjustment & Risk Governance for Business
Baltic Institute of Corporate Governance (BICG) invites members to a discussion Impact of Disinformation: Strategy Adjustment & Risk Governance for Business organized in Riga, on the 21st of February. Mr Jānis Sārts, Director of the NATO Strategic Communications Center of Excellence, and Mr Uldis Biķis, Board member of the BICG and Chairman of the Supervisory Board at Latvijas Finieris, are the keynote...

Baltic Institute of Corporate Governance (BICG) invites members to a discussion Impact of Disinformation: Strategy Adjustment & Risk Governance for Business organized in Riga, on the 21st of February.

Mr Jānis Sārts, Director of the NATO Strategic Communications Center of Excellence, and Mr Uldis Biķis, Board member of the BICG and Chairman of the Supervisory Board at Latvijas Finieris, are the keynote speakers of the event.

“Information warfare is an everyday reality, which can have and has a significant impact on economies and businesses. In the Baltic region, in Europe and in the entire world. In their daily rush, people absorb messages from different sources and pass it on as the truth. That is why it is so important for everyone to distance themselves from emotions and confront disinformation, by using objectivity, factual arguments and by creating an outstanding discussion making culture. This event in Riga will be a great opportunity to examine this crucial issue,” says Mr Biķis.

Ms Inna Šteinbuka, Head of the European Commission Representation in Latvia; Mr Andris Lauciņš, Partner at Ernst & Young Latvia; and Ms Laura Minsekere, Co-founder and CEO of Mediju Tilts/Burson-Marsteller, will join us for the panel discussion.

Please note that both the keynote speeches and the panel discussion will be held under the Chatham House Rule.

The language of the event is Latvian, with English translation provided on request.

The discussion is organized together with the NATO Strategic Communications Center of Excellence, European Commission Representation in Latvia, American Chamber of Commerce and Latvijas Finieris.

It is open for the members of the BICG and American Chamber of Commerce, upon invitation and confirmed registration.

For more information about the program, please see the invitation:

Invitation (EN)

To register, please follow the link below:

Registration (EN)

Please note that due to limited availability, your registration will have to be confirmed by BICG to become finalised.

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Annual General Meeting & Conference 2017

Annual General Meeting & Conference 2017
Baltic Institue of Corporate Governance (BICG) invites members to the Annual General Meeting and Corporate Governance Conference 2017, to be held on the 20th of April in Vilnius. Following the Article 5.6 of the Statutes of the Association Baltic Institute of Corporate Governance, legal entity code 302441498, registered address Jogailos str. 4, Vilnius, Lithuania, (the “Association”), the President of the...

Baltic Institue of Corporate Governance (BICG) invites members to the Annual General Meeting and Corporate Governance Conference 2017, to be held on the 20th of April in Vilnius.

Following the Article 5.6 of the Statutes of the Association Baltic Institute of Corporate Governance, legal entity code 302441498, registered address Jogailos str. 4, Vilnius, Lithuania, (the “Association”), the President of the Association hereby convenes the annual general meeting (AGM) of members of the Association, the main details of which can be found below:

Agenda of the AGM (EN)

Agenda of the AGM (LT)

AGM & Conference (EN)

At the AGM, we will discuss the activities and development of BICG, elect new Board members, approve the annual report and more. At the Governance Conference 2017, we will discuss the impact of corporate governance on sustainable business success.

Among our speakers, we will welcome Mr Richard Frederick, corporate governance expert who has worked with the Organisation for Economic Co-operation and Development (OECD) and was one of the main authors of the 1999 OECD Principles of Corporate Governance, which have since become a global standard and an inspiration for many national codes of governance.

Mr Matti Hyyrynen, Head of Baltics at European Bank for Reconstruction and Development, will give investor’s view on corporate governance, while Mr Imants Jansons, Vice President Legal Affairs at AirBaltic, and Ms Riina Käi, Member of the Management Board at Tallinna Vesi, will share corporate governance stories of their respective companies.

We will also be joined by Mr Peter Englisch, Global Leader of EY’s Family Business Center of Excellence, who has extensive experience as an assurance and business advisory partner for national and international companies, and has worked with family-owned businesses for more than 20 years.

We are looking forward to seeing you!

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