Last week, autumn session of the Board member education by the Baltic Institute of Corporate Governance (BICG) ended with the 1000th graduate completing the course.
“For over a decade now BICG has been breaking new grounds and leading the way in corporate governance advancement in the Baltics. While it continues to this day, now we can also look back at a great legacy, including having over a thousand good corporate governance ambassadors, who are at the forefront of the change towards more transparency and effectiveness in the Baltic business practices”, says Rytis Ambrazevičius, President of the BICG.
The 1000th graduation certificate was awarded to Ms Laura Blaževičiūtė, CEO at All Media Lithuania and Chair of the Board at the association encouraging women’s leadership in business Lyderė.
“I am proud to be the 1000th graduate of the program. This number signals a vital mindset change among business leaders in the Baltic countries, with corporate fairness, transparency and accountability becoming important drivers of long-term value creation not only for companies but for societies and environment we operate in. Becoming a part of this change was my key motivation to join the program. And I have enjoyed it very much. It was highly professional, extensive and practical”, says Ms Blaževičiūtė.
Participants from Lithuania, Latvia, Estonia as well as Sweden, Finland, Ukraine and elsewhere have graduated the course since it was first held in 2009.
Mr Andris Teikmanis, Head of the Chancery of the President of Latvia, joined the graduation last week, emphasising the importance of good corporate governance as a key tool for developing resilience and ensuring a better future in Baltic businesses.
BICG is the competence center for creating well-governed businesses and stronger economies in the Baltics, working to ensure that private and state-controlled companies are governed competently, transparently, with a high standard of accountability and are successful long-term. It is achieved through policy advocacy, best practice recommendations, education programs and other initiatives.
BICG holds Board member, Chair and Corporate Secretary education programs.