Online Panel Discussion in collaboration with British Chamber of Commerce Myanmar
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In this engaging panel discussion on family businesses and succession planning, experts will address key questions about aligning family values with business goals and the importance of formal governance structures. They will explore balancing family involvement with professional management, preparing the next generation of leaders, and decision-making processes. Attendees will gain insights on fostering sustainability and passing on family values to ensure the success of family enterprises for future generations.
Join us for a valuable dialogue filled with practical solutions and real-world experiences.
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This panel discussion is perfect for family business owners, succession planners, next-generation leaders, and anyone interested in aligning family values with sustainable business practices.
In collaboration with the British Chamber of Commerce Myanmar (BCCM)
- Tuesday, 28 May 2024
- 2:00 pm – 3:30 pm (Myanmar Time)
- Zoom Online
- Myanmar Language
ABOUT THE PANEL DISCUSSION
Join us for an insightful webinar titled “How Boards Have Evolved in Myanmar,” where we will explore the transformation of boards in Myanmar. Beginning with a presentation on board structure, board effectiveness, and board dynamics from a corporate governance perspective, we will delve into firsthand experiences of three board directors.
In the past, Myanmar’s corporate landscape was characterised by family-owned or state-owned enterprises with boards functioning more like management bodies or advisory bodies. Since the country’s opening to the global economy, a significant shift has occurred. Local conglomerates and family-owned businesses have embraced improved corporate governance practices, in some cases spurred by foreign investment and development finance.
Our panelists will engage in a candid discussion on the ongoing evolution, highlighting the varying experiences across different company types, positive advances as well as challenges and gaps.
WHO SHOULD ATTEND
Business leaders, board directors, corporate governance professionals, investors, and anyone interested in the evolving business landscape of Myanmar
KEY DISCUSSION POINTS
- Evolution of boards in Myanmar from family-owned or state-owned entities to modern governance structures.
- Diverse experiences across different company types, including local conglomerates and family-owned firms and foreign-invested companies.
- Strategies for addressing resistance to change, particularly from first generation company owners and founders.
- Impact of globalisation and foreign investment on corporate governance practices
- Challenges, opportunities, and diverse experiences across different company types.
| AGENDA | |
| 2:00 pm – 2:05 pm | Opening Remarks
Mr. Ian Fox, CEO of British Chamber of Commerce Myanmar |
| 2:05 pm – 2:15 pm | Brief presentation on board structure, effectiveness, and dynamics
Daw Thiri Thant Mon, Executive Director of Myanmar Institute of Directors |
| 2:15 pm – 3:00 pm | Candid panel discussion with three experienced board directors sharing their observations and experiences
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| 3:00 pm – 3:30 pm | Interactive Q&A session allowing participants to engage directly with the panelists |
Online Panel Discussion in collaboration with the Myanmar Women Entrepreneurs Network (MyanWEN)
Join us for an insightful webinar exploring how corporate governance can enhance and help businesses, especially in the context of small and medium enterprises (SMEs). We’ll begin by examining corporate governance structures and the considerations necessary for effective implementation in your organisation.
Engage with our distinguished panelists, Dr. Aye Aye Mar the founder of Business Institute Yangon and co-founder of Heroes International School and Daw Khin Thinzar of Golden Orient, a seasoned entrepreneur in the fishery processing sector, as they share candid perspectives on their approaches to corporate governance. Through their real-world experiences, gain valuable insights into varying interpretations, practical strategies, and the inevitable challenges encountered along the journey.
This session offers an opportunity to deepen your understanding and refine your business’ governance practices for long-term viability and success.
Joint online webinar with CCI France Myanmar
ABOUT THE WEBINAR
As the use of Artificial Intelligence (AI) in Major Programmes increases, it becomes essential to govern and maximise the value of AI. The incorporation of AI in Major Programmes can lead to more efficient and effective management, but it must be done in a way that is responsible, ethical, and focused on the intended outcomes. Proper governance of AI involves setting clear objectives and expectations, creating appropriate policies and procedures, and ensuring effective communication and collaboration across teams. Through good governance, the full potential of AI can be realised, contributing to the success of Major Programmes and benefiting government, businesses and society as a whole.
ABOUT THE WEBINAR
This session includes two key categories. They are concerning the assessment of Corporate Governance Scorecard and Related Party Transactions’ Resolution.
The Corporate Governance Scorecard can be measured the current corporate governance situation of the company. The companies can identify the parameters where they are lacking and take corrective actions to rectify. Companies should also use the Scorecard as a transparent scoring system to allow internal evaluation and to discover opportunities for long-term improvement. It promotes strengthening of monitoring bodies, necessary for systematic and compelling enforcement of the company.
Myanmar Corporate Governance Scorecard (MCGS) 2018 is based on the structure and criteria of the ASEAN Corporate Governance Scorecard (ACGS) 2017. It is a joint initiative of the ASEAN Capital Market Forum (ACMF) and the Asian Development Bank (ADB) that began in 2011, and aligned with the revised G20/OECD Principles of Corporate Governance. The goal of MCGS is to benchmark corporate governance practices in Myanmar companies to assess current corporate governance gaps and provide a framework for future policy discussions and corporate governance development efforts.
As the second category, the nature of Related Party Transactions (RPTs) can be learned. RPTs generate profits by extracting funds contributed by shareholders and providing them to related parties. Failure to provide timely clarifications to shareholders for these suspicious transactions leaves minority shareholders unprotected. Such use of RPTs is thus referred to as abusive RPTs. These transactions ultimately break the confidence of the public, stall the economic growth of the company in the stock market, and reputation losses to the regulatory authorities of the company. Any company has RPTs. The companies need to resolution technical know how these transactions to protect the rights of shareholders. Hence, it is vital to properly management and control the RPTs undertaken by companies, and thus the robustness of the laws regulating them forms an integral part of corporate governance.
ABOUT THE WEBINAR
The webinar will begin by presenting the goals of the new Insolvency Law in 2020 and how it is put into action. Subsequently, we will elucidate the roles and duties of essential entities involved in this legislation, including the Insolvency Practitioners Regulatory Council, Myanmar Insolvency Practitioner Associations, Insolvency Practitioners, DICA, and the Supreme Court. In addition, we will provide insights into Corporate Rescue and Rehabilitation as an alternative to company winding-up procedures. Lastly, we will cover the Voluntary Liquidation Process under the Insolvency Law, ensuring a comprehensive understanding of these crucial aspects.
ORGANISERS
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