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.
Ms Rugilė Andziukevičiūtė-Buzė, Vice-Minister of Economy of Lithuania, gave welcome speech.
Mr Richard Frederick spoke on ensuring business sustainability through improved governance.
During the conference.
Mr Matti Hyyrynen shared investors’ view on corporate governance.
Mr Imants Jansons spoke on corporate governance practise, sharing airBaltic experience story.
A short break.
Ms Riina Käi shared the governance story of Tallinna Vesi.
Mr Peter Englisch gave many insights into the governance of family owned businesses.
Informal discussions.
Informal discussions.
We thank our member Swedbank for hosting us for the day.
