The Fifth Meeting of OECD-Southeast Asia Corporate Governance Initiative was held at Pan Pacific Yangon Hotel yesterday with the collaboration of the Directorate of Investment & Company Administration, Ministry of Planning & Finance, Securities and Exchange Commission of Myanmar (SECM), OECD and the Government of Japan.
The objective of the meeting is to discuss the steps taken by the governments of Myanmar, Viet Nam, Lao PDR and Cambodia towards the development and improvement of sound corporate governance framework, to foster improved corporate governance, to spur capital market development and to enhance the countries’ attractiveness to foreign investment.
It was attended by 100 participants including Deputy Minister U Maung Maung Win, Experts from OECD, Finance Watch SokSiphana & Associates Transparency International Cambodia, Japan, Italy, New Zealand, the Netherlands, India, Indonesia, Hong Kong, Malaysia, Phillippines, Singapore, Cambodia, Lao PDR and Viet Nam, representatives from relevant Ministries, public listed companies, public companies, the companies which have the potential to become public companies, SECM and DICA.
At the meeting, U Maung Maung Win, Deputy Minister for Planning & Finance delivered opening remarks and the panel discussion was continued with the tile, “the ASEAN Economic Community: corporate governance challenges and opportunities”. In the panel, Ms. Fianna Jurdant, Senior Policy Analyst of OECD served as moderator and Mr. Ismet AI Bakri from Malaysia Securities Commission, Mr. John Lim, Former Chairman of Singapore Institute of Directors, Ms. ADA Ingawanij, Deputy CEOof Thai Institute of Director Association and Mr. Le Duy Binh, MD of Economica Vietnam served as panelists. Then, U Aung Naing Oo, Director General of DICA, made a presentation on the current corporate governance developments in Myanmar. Moreover, during the meeting, representatives from Cambodia, Lao PDR and Viet Nam explained about the recent corporate governance developments of their countries respectively. After that, the meeting was concluded in the evening, giving closing remarks by Director General U Aung Naing Oo and Senior Policy Analyst Ms. Fianna Jurdant.
On 29th March 2018, the event on launch of the OECD — Myanmar Corporate Governance Reform Programme will be held at the same place.