2nd South East Europe Roundtable on Corporate Governance Istanbul - May 30-31, 2002 Marie-Laurence GUY www.gcgf.org

The Global Corporate Governance Forum The GCGF was officially launched in Monterrey, Mexico at the UN meeting on Finance for Development on April 20, 2002. To support developing and emerging economies to promote corporate governance reform.

Why? Corporate governance has become an issue of worldwide importance. The corporation has a vital role to play in promoting economic development and social progress. The efficiency and the accountability of the corporation is now a matter of both private and public interest.

Who is GCGF? Founders : WBG - OECD Donors: Luxembourg, Netherlands, Norway, Sweden, Switzerland ,United Kingdom, United States Staff: Secretariat & IFC support Volunteers: Private Sector Advisory Group Partners: CERES, ICFTU, TI, Commonwealth, etc

The Mission of GCGF To help countries improve standards of governance for their corporations by: Fostering the spirit of enterprise and accountability Promoting fairness, transparency and responsibility

How? Raise awareness Build consensus Disseminate best practice Provide technical assistance Support capacity building Fund research

First Steps of GCGF

Dialogue Corporate Governance Roundtables Latin America, Asia, Russia, Eurasia, South Eastern Europe Pan African Consultative Forum Using the OECD Principles as a framework White papers: diagnosis / recommendations

Building Consensus Private Sector Advisory Group Members from developed and developing countries including from Brazil, India, Philippines, Zimbabwe, South Africa, Thailand, Poland Investor Responsibility Taskforce $3 trillion IFC Global Financial Markets team

TA = Know How A country toolkit for reform To distill the experience of reform to date and lessons learned from a range of developing and emerging markets, in order to develop effective implementation at the country level, and thereby ensure impact.

Capacity Building Global Director Training Network To identify needs, pool resources and experience, exchange best practice, and develop core curriculum based upon international standards and adapted to local circumstance, and build local capacity for training. A pilot ‘train the trainers’ program at Yale International Institute for Corporate Governance from July 14 – 23.

A Knowledge Network Research priorities Leading academics met on April 5 to assess the research priorities relevant to reform, recognizing that evidence and analysis is still fragmented and not always in a form to support policy recommendations. The start of a long-term network to shape a policy agenda and encourage collaboration among researchers and practitioners.