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Title ABAC Events for Business 2005.10.19

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SYMPOSIUM - THE PROMOTION OF GOOD CORPORATE GOVERNANCE AND TRANSPARENCY IN APEC'S FINANCIAL INSTITUTIONS 19 October 2005 Langham Hotel Southbank, Melbourne A SYMPOSIUM JOINTLY ORGANISED BY THE APEC BUSINESS ADVISORY COUNCIL (ABAC), THE ASIAN BANKERS ASSOCIATION ( ABA ) and the PACIFIC ECONOMIC COOPERATION COUNCIL (PECC ) TO BE HELD AT THE LANGHAM HOTEL, SOUTHBANK, MELBOURNE , WEDNESDAY 19 TH OCTOBER 2005 IN CONJUNCTION WITH THE 22 ND ANNUAL MEETING OF THE ASIAN BANKERS ASSOCIATION Symposium objectives - to promote discussion and understanding of corporate governance principles and practices as they are being developed in the OECD, the World Bank and the ADB/Asian Roundtable - between APEC economies and between representatives of public and private sector financial institutions in the region *to develop ways to encourage the dissemination and adoption of best governance principles and practices in public agencies and in the finance industry through industry associations, and institutes of directors and through education programs * to develop public/private partnerships in APEC to promote the dissemination and training of best governance principles and practices in finance sectors in the region Structure and themes of the symposium - structure : a one day symposium is proposed with six sessions; three each in the morning and afternoon; the opening session - which will include the Key Note Address - will be followed by four sessions involving 3 or 4 key-note speakers, each followed by a panel discussion involving the session chairman/moderator, the key-note speakers and the audience key-note speakers will be asked to speak for 10/15 minutes; opening speeches will be followed by a short discussion between the speakers and moderated by the chair, followed by a Q/A with the audience the sixth and final session will be a Panel Discussion; this will be chaired by a moderator who will promote a dialogue with panellists drawn from earlier sessions and involving audience participation - the central themes of the symposium are: *discern best good governance and transparency principles and practices - purposes and rationale and developments particularly as they relate to financial systems *highlight specific good governance and transparency requirements for public and private institutions in the finance sector and for publicly listed groups arising from changing regulatory and supervisory approaches *can global best principles and practices be related to local needs and practices and can local principles and practices score well in the World Bank ROSC practices *define the role of the finance industry and finance industry associations, institutes of directors and other business groups and public agencies in promoting principles and practices *consider regional public/private capacity building programs to promote corporate governance and transparency - the key issues to be addressed in each session Session 1 - Opening Session Session 2 - Are central governance and transparency principles generally Agreed or is there more to come? Is there a consensus in market driven economies? What are we really trying to achieve in improving corporate governance; is there a special case for improvements in financial institutions? Session 3 - What are the challenges in implementing good governance and transparency in public agencies and in private institutions in financial sectors? Are the benchmarks for measuring progress different in the public and private sectors? Session 4 - In a global environment how should international concepts of good corporate governance and transparency be applied to regional and local communities and financial markets? Session 5 - How should finance industry associations and institutes of directors and public regulatory agencies translate words into actions in promoting good corporate governance and transparen

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