ADB-ADBI Forum on Governance and Institutions: Issues in State-Owned Enterprise Reforms and Corporate Governance 11 to 13 June 2018 South Korea Good governance and effective public management are essential for country and sector development. The message of the Asian Development Bank (ADB) Asia 2050 report is clear—better governance is key to determining whether a developing member country (DMC) can accelerate development and inclusive growth, and is instrumental to strengthening local institutions and reducing poverty. The Governance Thematic Group of the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI) jointly organized the 2018 Forum on Governance and Institutions, in partnership with the Korea Development Institute (KDI), as a platform for senior DMC officials to discuss governance and public sector management. The Forum’s focus was on state-owned enterprise (SOE) reform and corporate governance. The Forum used a twin-track approach: component 1 (day 1) focused on the overall context of governance and public sector management in which SOE reforms and issues of corporate governance feature, and component 2 (days 2 and 3) included an SOE-specific skills development program tied to discussions on day 1. The objectives of the Forum were as follows: (i) promote discussion and share policy insights and country experiences on SOE reform and corporate governance among government officials and experts; and (ii) build the capacity of officials to design and implement innovative approaches to SOE reform and corporate governance. 18 government officials from 10 ADB developing member countries (Azerbaijan, People's Republic of China, Fiji, India, Kazakhstan, Myanmar, Nepal, Pakistan, Uzbekistan, and Viet Nam); and 15 ADB staff memebrs from resident missions and HQ participated. After the Forum, participants gained (i) better appreciation of overall trends in corporate governance and SOE reform; (ii) understanding of the scope of ADB efforts in SOE reform and corporate governance; (iii) appreciation of the legal implications of work related to addressing corporate governance weaknesses; (iv) ability to ascertain red flags in SOE operations, and knowledge of how to approach them; and (v) development of professional networks and linkages among practitioners and policy makers in specific areas of corporate governance and SOE reform. View PHOTOS. Program and Learning Materials 11 June 2018 12 June 2018 13 June 2018 Session / Activity Title Speaker(s) Opening Ceremony Remarks by Chiara Bronchi, Deputy Director General of SDCC and OIC of the Governance Thematic Group Chiara Bronchi, Deputy Director General concurrently Chief Thematic Officer and OIC, Governance Thematic Group, underscores the importance of renewed… Remarks by Chul Ju Kim, Deputy Dean of ADBI Chul Ju Kim, ADBI Deputy Dean shared the importance of transparent and accountable corporate governance of SOEs for sound and sustained economic… Group Photo Session Special Talk Korea’s Development Experience and Role of ADB and MDBs Joon-Kyung Kim, Professor of KDI School of Public Policy and Management Tea/coffee break Session 1 ADB’s Focus on Governance and Public Sector Management Gambhir Bhatta, Advisor, SDCC and Head, Knowledge Sharing and Services Center of ADB discussed ADB’s focus on governance and public sector management… Gambhir Bhatta Session 2 Country Cases China: SOE Experience Jianjun Zhou Viet Nam: New Establishment of the State Agency on SOE Ownership Phan Duc Hieu Viet Nam: Corporate Governance in Viet Nam's SOEs Nguyen Thi Ngoc Khanh Kazakhstan: Note on Sovereign Wealth Fund Samruk-Kazyna Joint Stock Company and Corporate Governance Elvira Konakhbayeva Q&A Lunch Break Session 3 ADB as a Responsible Developments Partner: The India Infrastructure Finance Company Limited (IIFCL) Case Study Bruno Carrasco, Director, Public Management, Financial Sector, & Trade Division of the ADB South Asia Department shared ADB operations related to… Bruno Carrasco Q&A Tea/coffee break Session 4 Corporate Governance, SOE Reforms and Financial Instruments - Legal Aspects Jogendra Ghimire, ADB Senior Counsel talked about ADB's engagement with SOEs and the legal aspects of SOE reforms. Jogendra Ghimire Session 5 Panel discussion: What next in SOE reforms and practice of corporate governance in Asia and the Pacific, and how to get there? Dinner hosted by ADBI Session / Activity Title Speaker(s) Session 6 Framing the Implementation Challenges in Public Sector and SOE Reform Kwang Sung Kim Session 7 Engaging the Clients Kwang Sung Kim Lunch Site Visit Korea Water Resources Corporation (K-Water) in Daejeon Dinner hosted by KDI Session / Activity Title Speaker(s) Session 8 Governance and Transparency in the Public Sector Jin Wook Choi Tea/coffee break Session 9 How Public Private Partnerships (PPP) can Promote Efficiency and Fiscal Space in the Context of Korea’s Experience Hyeon Park Lunch Break Session 10 Reforming State Enterprises Jin Park Tea/coffee break Session 11 Group Exercise: Action Planning: Clients formulate an action plan and possible follow-up steps on their countries policies and strategies on improving performance of SOEs Kwang Sung Kim Group Exercise: Feedback on Action Plan from Panel of Experts from ADB, ADBI and KDI Kwang Sung Kim Session 12 Closing Ceremony: Wrap-up and Concluding Remarks Panel Discussion Evaluation Presentation of Certificates by ADB/ADBI Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Gambhir Bhatta David Dole Kwang Kim Related Full Agenda List of Participants ADB Organizer/s Public Sector Management and Governance Sector Office Partner Organization/s ADBI, KDI Topics Capacity Development Governance and Public Sector Management