New Challenges for the Boards in Frontier Markets

SYNOPSIS:

The Board of Directors is a fundamental component of corporate governance, which plays a critical role in decision making and value creation. Addressing the Board members creates a leveraged impact on society, which is shaped by the largest corporations. Board independence, efficiency and diversity are essential aspects when examining whether or not the Board is effectively meeting its fiduciary duties and responsibilities to address corporate strategy, shareholders’ interests, climate change and social issues.

The Impact Boards EM event will assemble senior leaders of companies operating in these markets that have set the standard in their industries to discuss the increasing role of the Board, and share the unique experience of board leadership in establishing corporate governance practices. We want to focus on practical experience and cases rather than discuss the theoretical implications of recent trends in Azerbaijan, Uzbekistan and Kazakhstan.

NEW CHALLENGES FOR THE BOARDS IN FRONTIER MARKETS:

·  The established practice in the region: value add and strategic impact vs formal boards

·  Current geopolitical influence and request for change in corporate governance

·  The rise of an “advisory board” trend

·  Managing governance risk: the perceived value and the impact of a professional BOD