On April 18th & 19th, Baltic Institute of Corporate Governance (BICG) held the Annual General Meeting (AGM) and Annual Corporate Governance Conference 2024.
Previously organised in Vilnius, this year the annual events were held in Riga, starting the rotation between the Baltic capitals and aiming to offer a more equal access to all members.
While the AGM focused on the highlights of BICG activities during the previous year, the conference spotlighted the importance of board leadership in making decisions to improve strategies.
AGM
Members of the BICG approved the annual activity and audited financial reports during the AGM, and the overall Annual Report 2023 is now available online here.
“The year 2023 has proven that the demand for good corporate governance knowledge in Lithuania, Latvia and Estonia is only growing and that the BICG remains the competence centre for providing it. We were also able to achieve impactful changes through policy advocacy and to contribute a credible voice to the discussions on the European level, in the framework of the European Confederation of Directors’ Associations,” says Rytis Ambrazevičius, President of the BICG.
Board elections were held as well, with Daiga Auziņa-Melalksne, member of the Supervisory Board at Citadele, and Kristjan Endrikson, Renewable Energy Product Lead at Sunly, re-elected for a new tenure of 3 years; while Stepas Telešius, Co-founder and Board member at ACME Grupė, was elected for the first time.
The new member is stepping in after Simonas Gustainis, Partner at BaltCap, has left the position.
More information about the BICG leadership can be found online here.
Annual Corporate Governance Conference 2024
The Annual Corporate Governance Conference 2024 was joined by the speakers from the United Kingdom, Denmark, Lithuania, Latvia and Estonia, offering insight into showing leadership and vision when taking strategic decisions in rapidly changing environments.
Welcoming over 100 participants, Evika Siliņa, Prime Minister of Latvia, noted the importance of good corporate governance, including board professionalism and diversity, in her video address (available here).
Keynote speakers James Beasley, Head of Board Advisory, Europe, Middle East & Africa at Nasdaq, and Tim Brooks, Vice President & Head of Sustainability at LEGO Group, discussed board oversight in an age of uncertainty and integration of sustainability into company strategy.
Three panel discussions were held as well, focusing on the topics of shifting company strategy for fundamental reasons, role of the board in company ambitions and growth as well as the strategic importance of sustainability.
Full program of the conference here.
