Corporate Governance in Emerging Markets: Key Red Flags to Watch Out for

Thursday, 16 March 2023

15:00 UK time

The prominent speakers and Impact Boards EM' members will discuss 'red flags' that independent Board members must watch out for and actions that they can take to tackle such risks.

Whenever any organisation suffers a significant corporate governance failure, obvious questions arise as to who should have been in a position to know the impending risks and why corrective action was not taken to address the concerns. Ultimate responsibility for the company's stewardship and risk management rests with the board. Yet, other key individuals and functions within the organisation may also be in a position to know that the business is being poorly managed.

Numerous instances of company failures have highlighted the inadequacy of internal functions such as risk management, audit, compliance and legal. Alarm bells about the actual state of the company often come from investors and fund managers who closely follow their performance, rather than the stewards of the company.

There are several 'red flags' to talk about; some key ones to highlight are lack of transparency, high leverage, aggressive revenue recognition and amortization/cost recognition of capital expenses.

Impact Boards EM invites Board members to discuss incentives for poor corporate practices, ways to avoid them, and actions to take, given their fiduciary duties and responsibilities.

The speakers and participants, with varied experience as board members, asset managers, and rating agencies, will share their expertise and tips during the discussion.

The event is available for Impact Boards EM' members only and will be under the Chatham House rules.

Moderators

Olga Pascault

Olga Pascault

Founder, Co-Chair Impact Boards EM

Helena Haykin

Helena Haykin

Founder, Co-Chair Impact Boards EM

Speakers

Alexander Picker

Alexander Picker

Chairman of the Supervisory Board, IPOTEKA BANK

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David Risser

David Risser

Managing Director, Nestor Advisors - a Morrow Sodali Company

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Mauro Rodrigues da Cunha

Mauro Rodrigues da Cunha

Independent Director, Vale, Klabin

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Brendan Sheehan

Brendan Sheehan

VP – Senior Credit Officer, ESG, Moody's Investors Service

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Jyrki Talvitie

Jyrki Talvitie

Board Professional, Georgia Capital plc

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Fedor Teselkin

Fedor Teselkin

Principal Consultant, Freshfields Bruckhaus Deringer

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