Most countries in Asia lag well behind developed economies in terms of corporate governance (CG) policies and practices. However, in some rare instances, individual companies choose on their own to embark on the process of adopting good CG principles. Such good CG priciples includes accountability, transparency and protection of minority shareholders.

Good CG has a positive effect on firm growth, improves the financial and economic stability in the country and contributes to the development of capital market in the respective countries.

The overall goal of the program is to strenghten the CG environment in the respective countries. By the end of the four year program, it is expected that companies covered by the program report improved performance (i.e. improvements in productivity, operations, loan terms, valuations etc.), and that they have improved access to new financing sources with an value of about USD 180 mio. financing facilitated.

Increased awareness for good CG.

Improved regulatory environment related to CG.

Increased local institutional capacity for the promotion and implementation of good CG.

Better CG practices in companies.

Expected results:  

Raising awarness about the relevance and benefits of good CG practise, i.e. by providing training to media players.

Advise on laws and regulation related to CG on the basis of international best practise and feedback from private sector consultations.

Cooperate with local training instututes and professional educational organizations on CG training.

Develop and adjust CG training material suiting for local dissemination in each country context.

Working with companies, the program will undertake CG Assessments and CG Improvement plans.

In consultations and workshops, broader training efforts are planned to benefit the broader interested industry.

Results from previous phases:  

In Vietnam and Indonesia, the program will build on key deliverables from previous SECO financed CG interventions, such as for instance the institutional capacity building provided to the Indonesia Institute of Directors for providing CG trainings within the region, the continuation of the collaboration with relevant private sector actors such as chambers of commerce, or the dissemination of toolkits that fit the specific legal environment which have been elaborated in the previous work.

Phase 1 01.01.2013 - 30.06.2018   (Completed)