The objective of this event is to bring together Mongolian business leaders and policy makers in the fourth annual Mongolian Corporate Governance Forum to present and discuss the linkage between Corporate Governance and Capital Market Development.
Another objective is to discuss a number of topical issues relevant to the current state of the Corporate Governance reform and help form a general consensus regarding the formation of necessary policy reform agenda in Mongolia. The forum will end with an action statement by the participating business leaders in policy and legal and regulatory frameworks to remedy the corporate governance challenges.
Key Discussion Points:
Country Experiences on the role of Stock Exchanges in Corporate Governance for Listed Companies.
Corporate Governance Reform Process: Progress and Challenges for State-owned Enterprises
Corporate Governance in Banking Sector: Impact of New Banking Act, Issues in CG assessment
"If a country does not have a reputation for strong corporate governance practices, capital will flow elsewhere. If investors are not confident with the level of disclosure, capital will flow elsewhere. If a country opts for lax accounting and reporting standards, capital will flow elsewhere. All enterprises within that country regardless of how steadfast a particular company's practices may be suffer the consequences. Markets must now honor what they perhaps, too often, have failed to recognize. Markets exist by the grace of investors. And it is today's more empowered investors that will determine which companies and which markets will stand the test of time and endure the weight of greater competition. It serves us well to remember that no market has a divine right to investors' capital."
Arthur J. Levitt, Jr., Former Chairman,
U.S. Securities and Exchange Commission
