The 2006 Asian Roundtable in Corporate Governance Enforcement Revisited/Boardroom Practices Session 5 Related Activities and Next Steps : Asian Institute of Corporate Governance

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The 2006 Asian Roundtable in Corporate
GovernanceEnforcement Revisited/Boardroom
PracticesSession 5Related Activities and Next
Steps Asian Institute of Corporate Governance

• Kyung Suh Park
• Asian Institute of Corporate Governance and Korea
  University
• Bangkok, 15 September 2006

The views expressed in this paper are those of
the author and do not necessarily reflect those
of the OECD or its Member countries or the World
Bank
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Contents

• Overview - Asian Institute of Corporate
  Governance
• Organizations
• Activities
• Future Agenda

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Overview - Asian Institute of Corporate
Governance
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Asian Institute of Corporate Governance

• - The primary research institute on corporate
  governance issues in Asia
• The Goals
• To provide stimulating academic environment to
  encourage top-rated research on corporate
  governance
• To develop and provide policy measures and
  implications on corporate governance issues
• To provide training programs for business people
• To enhance international cooperation on corporate
  governance issues
• To enhance the public understanding on corporate
  governance

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Asian Institute of Corporate Governance

• Background
• Corporate governance issues requires cooperation
  among academics, policy makers, practitioners and
  management
• Interdisciplinary nature of corporate governance
  requires cooperative works in finance, law,
  economics and politics
• Cross regional cooperation is also needed to help
  local economies to improve corporate governance
  of their domestic firms
• AICG tries to comprise inter-area,
  interdisciplinary and international perspectives
  in its activities

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The Organization
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Organization

• Director
• Hasung Jang, Professor of Finance at Business
  School, Korea University
• Associate Directors
• Kyung Suh Park, Professor of Finance at Business
  School, Korea University (Planning and
  International Cooperation)
• Jinwan Jo, Professor of Finance at Business
  School, Korea University (Education)
• Inmoo Lee, Professor of Finance at Singarpore
  National University (Research)
• 7 Non-resident Research Fellows, including
• Bernard Black, Professor of Law at University of
  Texas Law School
• Stijn Clasessens, World Bank
• Simon Johnson, Associate Professor of
  Entrepreneurship at MIT
• 16 Resident Research Fellows

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Activities
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Activities Academic Research and Projects

• Maintain and conduct research and projects on
  corporate governance related databases
• Support academic research on corporate governance
  
• Publish monographs and working papers on
  corporate governance
• Projects
• 2002. Criteria for Good Governance / KOSDAQ
• 2002. Management Evaluation and Compensation
  System for KT
• 2003. CG project on POSCO
• 2004. Stock Index Development for the Korea Stock
  Exchange
• 2004. Liquidity Provider Project for the Korea
  Stock Exchange
• 2005 and 2006. Evaluation of the Corporate
  Governance of Korean firms / Korea Fair Trade
  Commission

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Activities Conferences and Seminars

• Asian Corporate Governance Conferences in Seoul
• 1st conference Nov. 14, 2001
• 2nd conference May 16-17, 2002
• 3rd conference May 15-16, 2003
• 4th conference May 19-20, 2005
• Weekly Finance Seminars
• Special Lecture Series
• Lloyd Blankfein, CEO, Goldman Sacks
• Mats Isaksson, Director, OECD
• Bill Hwang, CEO, Tiger Fund Asia

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Activities Education Programs

• Corporate Governance Program for Directors
• 8-week trading program for corporate directors
  and executives
• Covers such issues as shareholder rights, the
  role of directors, the BOD, auditors, legal
  issues, Case studies, Clinic program for
  participating companies
• Advanced Finance Program
• One year full-time education program for the
  middle management of financial and public
  institutions

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the Future Relationship and Cooperation

• Expand cooperative works with other leading
  institutes on corporate governance
• World Bank, OECD, Institute of Corporate
  Governance-Yale University, IDEA NET.
• Enhance the effectiveness of the institutional
  efforts to improve corporate governance of local
  firms
• Strengthen the academic research capability
• Increase research fund for academics
• Invite the chaired professor of corporate
  governance
• Share our experience with emerging economy
  countries and provide training/education
  opportunities

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Contact Information

• The Asian Institute of Corporate Governance
• Business School, Korea University
• 1, 5 Ka, Anam-Dong, Sungbuk-Ku,
• Seoul, KOREA 136-701
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• Tel [phone]
• FAX [phone]
• E-mail aicg_at_korea.ac.kr
• Web http//www.aicg.org