ADFIAP speaks at OECD conference on SOE governance

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On the invitation of the Organization for Economic Cooperation and Development (OECD), ADFIAP, represented by Atty. Alberto B. Reyno, Managing Principal of the ADFIAP Consulting Group, was one of the panellists at the 12th Meeting of the OECD-Asia Network on Corporate Governance of State-Owned Enterprises held on September 4-5, 2019 at the Peninsula Manila Hotel. The meeting, co-organized with the Governance Commission for Government Owned or Controlled Corporations in the Philippines, and with support from the Korea Institute of Public Finance (KIPF) and Asian Development Bank, drew 118 participants, mostly from government ministries and agencies.

Atty. Reyno participated in the roundtable on the recent SOE reform experiences and shared ADFIAP’s governance practices and initiatives, the conduct of the “DFIs for Corporate Governance Project” in particular, including some of the highlights of ADFIAP members’ corporate governance practices. He also clarified that being government-owned institutions, DFIs are very much part of the SOE sector. The panel covered issues on ownership, corporate governance practices, and privatisation, among others.

The OECD-Asia Network on Corporate Governance of State-Owned Enterprises provides a forum for policy makers, practitioners, and experts from Asia to identify common challenges related to state-owned enterprise (SOE) ownership and governance; evaluate current SOE corporate governance policy frameworks and practices; benchmark these against international good practice as described in the OECD Guidelines on Corporate Governance of State-Owned Enterprises; and share good practices and develop recommendations for effective reform.

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