The Baltic Institute of Corporate Governance (BICG) is joining the European Confederation of Directors’ Associations (ecoDa) as a new member.
ecoDa unites 20 national institutes of directors throughout Europe, acting as a corporate governance expertise sharing network, a place for debate and a credible voice in the development of corporate governance related recommendations.
Operating in Lithuania, Latvia and Estonia, the BICG will be able to contribute a Baltic perspective regarding the European corporate governance framework.
“We are looking forward to being a part of the European corporate governance knowledge sharing network and to adding a Baltic voice to the conversation. Both Estonia and Latvia are now members of the Organisation for Economic Co-operation and Development (OECD) and the accession process of Lithuania is set to conclude in the near future. Being a part of ecoDa is a new step to achieve even more access to corporate governance expertise for the Baltic business community,” says Rytis Ambrazevičius, President of the BICG.
Among other things, the Baltic countries are often perceived as a model for entrepreneurially-oriented policies and are, together with the other Nordic countries, front-runners of digitalization in Europe. “This new member adds diversity to our European voice of directors and brings new perspectives at a time when digitalization is high on the agenda of the European Commission”, stated Irena Prijovic, ecoDa’s Chair. “Given that entrepreneurship is a key driver of the Fourth Industrial Revolution, we rely on the input of the Baltic Institute of Corporate Governance to help us shape what Corporate Governance of tomorrow should look like”.
BICG delivers value to its members and stakeholders by promoting global competitiveness of Baltic companies through adoption of leading corporate governance practices. To achieve this goal, BICG is carrying out policy advocacy activities in cooperation with the Baltic governments and international organizations (such as the OECD); developing research and guidelines as tools for corporate governance improvements among Baltic companies; and providing education for professional board members and chairpersons in terms of designated education programs, business delegations, annual events and seminars.
ecoDa is a non-profit association founded in December 2004 under the laws of Belgium. Through its national institutes of directors (the leading national institutes in Europe), ecoDa represents approximately 55,000 board directors from across the EU. The member organisations of ecoDa represent board directors from the largest public companies to the smallest private firms, both listed and unlisted.
For more information: http://www.ecoda.org