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Highlights of AGM & Conference 2020

Highlights of AGM & Conference 2020
On April 30th, Baltic Institute of Corporate Governance (BICG) held the Annual General Meeting (AGM) and Governance Conference 2020. Because of the ongoing quarantine measures in the Baltics and elsewhere, both events were held remotely. The day started with the AGM, where decisions were taken by recording the votes received via advance voting ballots, while the afternoon was dedicated to...

On April 30th, Baltic Institute of Corporate Governance (BICG) held the Annual General Meeting (AGM) and Governance Conference 2020.

Because of the ongoing quarantine measures in the Baltics and elsewhere, both events were held remotely.

The day started with the AGM, where decisions were taken by recording the votes received via advance voting ballots, while the afternoon was dedicated to the Governance Conference 2020, which was held online and focused on such topics as changing definition of the purpose of a company and advanced stakeholder relationships.

AGM

Members of the BICG approved the annual activity and audited financial reports during the AGM, and the overall Annual Report 2019 is now available online here.

Board elections were held as well, with Kārlis Danēvičs, Management Board member of SEB in Latvia; Kaarel Ots, CEO of Nasdaq Tallinn; and Irmantas Norkus, Managing Partner of COBALT Lithuania, re-elected for their second tenure of three years.

„Kārlis, Kaarel and Irmantas have all contributed their expertise to the success of the BICG during the last three years, and it is great that we will be able to continue to rely on them,” says Daiga Auziņa-Melalksne, Chair of the Board of the BICG.

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

Aiga Ārste-Avotiņa, Managing Partner at Amrop Latvia and Amrop Estonia, and Nijolė Kelpšaitė, Managing Partner at J. Friisberg & Partners Lithuania, were re-elected to continue their work, while Marja-Liisa Soone, Head of Legal and Compliance at Ridango, is joining for the first time.

More information about the BICG leadership can be found online here.

Governance Conference 2020

Annual Corporate Governance Conference moved online this year, as speakers connected from France, Netherlands, Finland and Belgium, while participants joined from Estonia, Lithuania, Latvia and Belarus.

“Estonia, Latvia and Lithuania are now all members of the Organization for Economic Co-operation and Development (OECD), but this achievement is not a finish line, it is a new space for further improvement. That is why this year we have focused on what can the Baltic countries learn from the best practices of other OECD countries,” says Rytis Ambrazevičius, President of the BICG.

Michel de Fabiani, professional Board member from France, opened the event, by sharing the French experience and his insights into re-defining the purpose of companies.

“Raison d’être (reason for being) is becoming much wider, it covers not just producing and selling, but contributing to the wellbeing of society. What is very important, is that it is not just a marketing tool, it is a long-term strategy, which has to be reflected in your strategic plans, financials, etc.“ noted Mr de Fabiani.

Jan Wesseldijk, Chair of the European Confederation of Directors Associations (ecoDa) from the Netherlands, discussed best stakeholder relationship and engagement practices; Sandra Gobert, Executive Director at GUBERNA, the Institute of Directors in Belgium, explored the advanced new Belgian corporate governance code; and Leena Linnainmaa, Secretary General, Directors’ Institute Finland, shared insights into environmental, social and governance (ESG) related challenges and opportunities.

Full program of the conference

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Annual General Meeting & Conference 2020 to be held remotely

Annual General Meeting & Conference 2020 to be held remotely
Baltic Institute of Corporate Governance (BICG) invites all members to vote at the Annual General Meeting, which will be held on the 30th of April. Taking into account the Resolution No. 207 by the Government of Lithuania, which foresees a quarantine period in Lithuania until the 13th of April with a possibility of a further extension, the Association informs that the Meeting...

Baltic Institute of Corporate Governance (BICG) invites all members to vote at the Annual General Meeting, which will be held on the 30th of April.

Taking into account the Resolution No. 207 by the Government of Lithuania, which foresees a quarantine period in Lithuania until the 13th of April with a possibility of a further extension, the Association informs that the Meeting will take place, but members of the Association shall participate in the Meeting through voting in advance by submitting voting ballots.

Please find the preliminary agenda of the meeting below, and please note that the voting ballots and other related information will be sent to all members on the 9th of April.

Agenda of the AGM (EN)

Agenda of the AGM (LT)

Annual Corporate Governance Conference 2020 will be held on the April 30th as well, with all members invited to join remotely, via a video link. We will have an opportunity to hear from expert international speakers who will discuss what can the Baltic countries learn from the best practices of the developed OECD countries. Further details of the conference will follow soon.

For more information:

Rytis Ambrazevičius
President
Mob. +370 698 17011
Email: rytis[at]bicg.eu

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Country Manager Estonia appointed

Country Manager Estonia appointed
Baltic Institute of Corporate Governance (BICG) is happy to announce further strengthening of the leadership team, with Erik Sakkov joining as Country Manager Estonia on March 2nd. The new role is designated to actively promote good corporate governance in Estonia by initiating public policy changes, developing member network, engaging directors, shareholders and top managers into BICG education programs as well...

Baltic Institute of Corporate Governance (BICG) is happy to announce further strengthening of the leadership team, with Erik Sakkov joining as Country Manager Estonia on March 2nd.

The new role is designated to actively promote good corporate governance in Estonia by initiating public policy changes, developing member network, engaging directors, shareholders and top managers into BICG education programs as well as other projects and initiatives.

“Our members in Estonia have always been active ambassadors for good corporate governance, but now we will have a leader for the team, and there is still a lot of work ahead of us in improving corporate governance in Estonia and the Baltics,” said Rytis Ambrazevičius, President of the BICG.

Erik Sakkov has 25 years of experience working in top management positions in Estonian companies, including Union Bank of Estonia (now SEB), Port of Tallinn, NT Marine, Tallinn Airport and Nordica.

As a volunteer, he acts as an Honorary Consul of Belgium in Estonia and chairs the Supervisory Board of the cancer treatment foundation The Gift of Life.

He graduated the Estonian Business School with an Executive MBA degree in 2003.

“Being familiar with usual corporate governance practices in numerous Estonian companies, I can see a lot of room for improvement. This gives me a feeling that I have a mission to do my best in helping to achieve higher standards. I look forward to working with my new team,” says Mr Sakkov.

BICG promotes global competitiveness of Baltic companies and economies through adoption of leading corporate governance practices, uniting over 200 of individual and corporate members in Lithuania, Latvia, Estonia and Finland.

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Join Corporate Governance Conference 2020

Join Corporate Governance Conference 2020
Baltic Institute of Corporate Governance (BICG) invites to the annual Corporate Governance Conference 2020, which will be held online on the 30th of April. Focusing on advancing corporate governance in the Baltics, the conference will provide insight into what Lithuania, Latvia and Estonia can learn from the best practices of other countries, including France, the Netherlands, Finland and Belgium. "While Estonia,...

Baltic Institute of Corporate Governance (BICG) invites to the annual Corporate Governance Conference 2020, which will be held online on the 30th of April.

Focusing on advancing corporate governance in the Baltics, the conference will provide insight into what Lithuania, Latvia and Estonia can learn from the best practices of other countries, including France, the Netherlands, Finland and Belgium.

“While Estonia, Latvia and Lithuania are now all members of the Organization for Economic Co-operation and Development (OECD), it would be a mistake to think of this achievement as a finish line in advancing good corporate governance practices. First and foremost, it provides us with more access to knowledge and tools used by other countries and businesses in moving beyond the basic standards to be more competitive and to create sustainable, long-term success. What can the Baltic countries learn from the best practices of other OECD countries? That is what we will discuss,” says Rytis Ambrazevičius, President of the BICG.

Among our speakers, we will welcome Mr Michel de Fabiani, a professional non-executive director from France, who will discuss how to better define a company’s purpose.

We will also be joined by Mr Jan Wesseldijk, Chair of the European Confederation of Directors Associations (EcoDa) from the Netherlands, who will share his insights into best stakeholder relationship and engagement practices.

Ms Sandra Gobert, Executive Director at GUBERNA, the Institute of Directors in Belgium, is set to discuss advanced value creation principles reflected in the new Belgian corporate governance code.

And Ms Leena Linnainmaa, Secretary General of Directors’ Institute Finland, will speak about environmental, social and governance (ESG) related challenges and opportunities, as Finland has a long track record in incorporating ESG elements into everyday business and the Board’s role there is crucial.

All speakers will also join the panel discussion at the end of the conference, with all questions most welcome.

To register, please visit: www.governanceconference.eu.

Registration is mandatory, participation free of charge.

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