Chris Leahy Asian Corporate Governance Association Shareholders’ Association of the Philippines Dusit Thani Hotel, Manila June 24 2015 The Philippines.

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Presentation transcript:

Chris Leahy Asian Corporate Governance Association Shareholders’ Association of the Philippines Dusit Thani Hotel, Manila June The Philippines Increasing foreign investment into PLCs: the case for better governance

2 Equity market capitalization USDm Source World Federation of Exchanges:

Foreign investment in equities 1997 – USDm 3 Source: IMF estimates

4 Equity market capitalization: ratio to GDP Source CEIC/Blloomberg

ACGA CG Watch: Source Asian Corporate Governance Association

ASEAN CG Scorecards: 2012 & 2013 Source ACMF ASEAN CG Scorecards

Regional CG Codes CountryCG Codes Indonesia2001/2006/2014 Malaysia2000/2007/2012 Philippines2002/2009 Singapore2001/2005/2012 Thailand2002/2006/ Source Asian Corporate Governance Association

Regional CG roadmaps CG CodeICACIOSCOIFIARRegulatory Engagement Indonesia2014KPKYes Malaysia2012MACCYes Philippines2009?No Singapore2012CADYes Starting Thailand2013NACCYes 8 Source Asian Corporate Governance Association