managing risk and promoting business integrity in the ... · dato’ abdul aziz abu bakar,...
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Managing risk and promoting business integrity in the state-owned enterprise sector 10th meeting of the OECD-Asia Network on Corporate Governance of State-Owned Enterprises
- SPEAKERS’ BIOS – 19-20 September 2017 InterContinental Hotel Kuala Lumpur, Malaysia
Day 1 Tuesday 19 September 2017
Opening session
Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian Directors
Academy (MINDA), Malaysia
Dato’ Abdul Aziz is the Executive Director of the Malaysian Directors
Academy (MINDA), where he was previously CEO. Prior to this, Dato' Aziz
was the Chief Human Capital Officer at Telekom Malaysia (now known as
TM), a position he occupied for five years before his retirement in
September 2009.
He has also served in various senior positions across a number of
industries including banking, oil and gas and aviation. Prior to his stint in
TM, Dato' Aziz was the Executive VP, HR Division of RHB Bank Berhad
from 2001 to 2004. Before that, Dato' Aziz spent 20 years in Shell
Malaysia in various management positions in Internal and Computing
Audit, Marketing Economics, Sales, Supply and Planning and HR. In 1991,
he was assigned to an international posting to Shell Group Head Office in
London where he held the position of the shareholders' representative
overseeing Shell’s business interests in Hong Kong and China. He was
made the General Manager of HR and Transformation for ASEAN
countries upon his return. Prior to joining Shell Malaysia, he was a Fleet
Planning Coordinator with Malaysian Airlines Systems Berhad (MAS)
where he began his career in 1977.
Dato' Aziz holds a Bachelor of Economics (Honours) degree from the
University of Malaya.
Mr. Lars Erik Fredriksson, Chair, OECD Working Party on State
Ownership and Privatisation Practices, Sweden
Lars Erik Fredriksson is the Chair of the OECD Working Party on State
Ownership and Privatisation Practices, a body in which he has served as
the Swedish delegate since 2008. He is also the Investment Director of
the Division for State-Owned Enterprises at the Ministry of Enterprise and
Innovation in Sweden, a position he has held since 2004. He specialises in
corporate governance of state-owned enterprises. Lars Erik has extensive
experience in SOE ownership, including dealing with corporatisation,
privatisation, starting new SOEs, setting up ownership policies, setting
financial targets, board recruitment and board work. He is currently a
non-executive director in four SOEs and chair of the board in one private
company. He holds a B.Soc.Sc. degree from Uppsala University.
Dr. Im Gon Cho, Executive Director, Research Center for State-Owned
Entities, Korea Institute of Public Finance, Korea
Im Gon Cho is the Executive Director of the Research Centre for SOEs of
the Korea Institute of Public Finance (KIPF). He joined KIPF in 2016 as the
Executive Director after working as a professor in Kyonggi University,
teaching in the field of public administration at the school of social
science. He received his Ph.D. in Public Administration from the School of
Public Policy and Management at Ohio State University. He received his
Master’s degree in Public Administration and his Bachelor’s degree in
International Economics, both at Seoul University. His research interests
are local administration, public finance, personnel management, and the
performance evaluation, governance, transparency and financial
management of SOEs. He has also conducted various research projects
on cost-benefit analysis, retirement policy and personnel management of
public officials, SOE privatisation, government subsidies, state property
management and many more.
Keynote Address: Dato' Wira Othman bin Aziz, Deputy Minister of
Finance I, Malaysia
YB Dato' Wira Othman bin Aziz is the Deputy Finance Minister I and the
chairman of Muda Agricultural Development Authority (MADA) since July
2013. The former Kedah Tourism, Youth and Sports chairman from 2005
to 2008 holds a Bachelor’s degree in Business Administration from
Universiti Kebangsaan Malaysia (UKM). Dato' Wira Othman was Ayer
Hitam State Assemblyman before he was elected as Jerlun Member of
Parliament in the last general election in 2013. Prior to his involvement in
politics, Othman served as Sime Darby Plantation Sdn Bhd assistant farm
manager (1981), Koko Malaysia Sdn Bhd marketing executive (1989-
1992), and Viking Kumpulan Golden Hope Marketing Manager (1992-
1996). He is currently a member of the Football Association of Malaysia
(FAM) executive committee for 2014/2018.
Session 1 - Spotlight on Malaysia: Recent developments in state
ownership practices
Moderator: Mr. Wan Saiful Wan Jan, Chief Executive, Institute for
Democracy and Economic Affairs, Malaysia
Wan Saiful Wan Jan is a regular commentator on Malaysian and ASEAN
affairs. He has an English column in Malaysia’s leading English daily The
Star, as well as a Chinese column in Malaysia’s most widely circulated
Chinese newspaper Sin Chew. His opinion is quoted by various media,
including the BBC, Reuters, International Herald Tribune, Al-Jazeera and
The Economist. He also frequently appears in interviews in Malaysian
radio as well as Malaysian and international TV channels such as
Bloomberg, Channel News Asia and CCTV.
He is currently chief executive of the Institute for Democracy and
Economic Affairs (www.ideas.org.my), a not-for-profit organisation that
he co-founded in 2010, and Visiting Senior Fellow at the Institute of
Southeast Asian Studies (ISEAS) Singapore. Wan Saiful is also Chairman
of the Istanbul Network for Liberty (www.istanbulnetwork.org), an
international foundation established in 2011 to explore and promote the
principles and values of a free society in the Muslim world. He is also a
Board member of the Malaysian International Chamber of Commerce
and Industry (www.micci.com), Advisor to the Malaysia China Chamber of
Commerce (www.mccc.my).
Wan Saiful is actively involved in community activities. In 2014 he helped
set up IDEAS Academy, which is a charity secondary-level learning centre
for refugees in Kuala Lumpur, Malaysia. Prior to that, in 2012 he set up
another charity project, the IDEAS Autism Centre to provide education,
care and therapy for autistic children from urban poor households in
Kuala Lumpur.
Mr. Ahmad Zulqarnain Onn, Executive Director of Investments and
Head of Strategy Management Unit, Khazanah Nasional Berhad, Malaysia
Ahmad Zulqarnain joined Khazanah in May 2014 as Executive Director of
Investments, responsible for Khazanah’s investments in financial services.
He is also Head of the Strategic Management Unit, overseeing both
corporate and portfolio strategy. Prior to Khazanah, he was appointed as
the first Managing Director/Chief Executive Officer of Danajamin
Nasional Berhad in 2009, Malaysia’s first financial guarantee insurer. He
has 20 years of experience in both banking and corporates, including
tenures with UBS Warburg, Pengurusan Danaharta Berhad, CIMB Group
and Symphony Group. He graduated with a Bachelor of Arts in
Economics from Harvard University.
Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian Directors
Academy (MINDA), Malaysia
(See bio above)
Ms. Karen Tangco-Pascasio, Division Chief, Selection and Nomination
Division, Governance Commission for Government-Owned and
-Controlled Corporations, Philippines
Atty. Karen Kreez Tangco-Pascasio is the current Division Chief of the
Selection and Nomination Division of the Governance Commission for
GOCCs, an office attached to the Office of the President of the
Philippines. She graduated cum laude from the University of the
Philippines in 2006 with a degree in Bachelor of Arts in Public
Administration.
Dr. Ram Kumar Mishra, Director, Institute of Public Enterprise, India
Dr. Mishra has studied, researched and taught at the University of
Rajasthan, London Business School, SDA Bocconi, University of Bradford,
International Center for Promotion of Enterprises. He is a Visiting
Professor at Maison Des Sciences De L’Homme, Faculty of Economics
University of Ljubljana, and UiTM, Malaysia. He has handled assignments
from UNDESA; OECD; ADB; Cabinet Secretariat, GoI; Commonwealth
Secretariat; various ministries of GoI; State Governments and Public
Enterprises. He has been on the boards of some public and private sector
enterprises. He has guided doctoral research and taught at the MBA
programmes of several universities in India and abroad. His areas of
interest include corporate governance, corporate social responsibility,
enterprise management and public policy.
Session 2 - Roundtable on evolutions in state ownership and
governance practices in Asia
Moderator: Mr. Hans Christiansen, Senior Economist, Corporate Affairs
Division, Directorate for Financial and Enterprise Affairs, OECD
Hans Christiansen is a Senior Economist in the Corporate Affairs Division
of the OECD Directorate for Financial and Enterprise Affairs. He joined the
Division after previous postings in the OECD Investment Division,
Financial Affairs Division and the Economics Directorate. Prior to joining
the OECD, he worked for the Bank for International Settlements (BIS) in
Switzerland. Mr. Christiansen currently serves as the secretary to the
OECD Working Party on State Ownership and Privatisation Practices,
which is the custodian of the OECD Guidelines on Corporate Governance
of State-Owned Enterprises. His current assignments include OECD’s
ongoing project on state-owned enterprises in the world economy,
responsibility for the Asia SOE Network, as well as involvement in other
SOE-related activities throughout the world. A Danish national, he holds
a graduate degree in Political Economics from the University of
Copenhagen.
Dr. U.D. Choubey, Director General, Standing Conference of Public
Enterprises (SCOPE), India
Dr. U.D. Choubey, former Chairman & Managing Director of GAIL (India)
Limited (a state-owned “Maharatna” enterprise), is presently Director
General of the Standing Conference of Public Enterprises (SCOPE) - An
Apex Body of Public Sector Enterprises in India. Dr. Choubey holds a
double Ph.D., an MBA & an LL.B. and has more than forty years of rich
experience in management, energy, oil and gas and economic issues
related to state-owned enterprises. Dr. Choubey has authored three
books: one entitled “Text Book on Natural Gas”; the second entitled
“Untold Story of the Indian Public Sector” and a third entitled “The Last
Inning And Beyond”, which was released recently. Dr. Choubey is actively
associated with the OECD, particularly through the Asia SOE Network.
Mr. Aung Naing Oo, Director General, Directorate of Investment and
Company Administration, Ministry of Planning and Finance, Myanmar
Aung Naing Oo is the Director General of the Directorate of Investment
and Company Administration under the Ministry of Planning and Finance
of Myanmar. He took a military service from 1981 to 2000. After that he
was appointed as a Deputy General Manager of Myanmar Agricultural
Produce Trading under the Ministry of Commerce from 2000 to 2005.
Following this, he was promoted to General Manger of the Export
Department of the Myanmar Agricultural Produce Trading in 2005. In
2006, he was transferred to the Minister’s Office of the Ministry of
Commerce as a Principal Officer (Deputy Director General) and in 2010,
he served as a Deputy Director General of the Department of Border
Trade under the same Ministry. In May 2011, he took a Deputy Director
General Position at the Directorate of Investment and Company
Administration (DICA) under the Ministry of National Planning and
Economic Development. One year later, he was promoted to his current
position as Director General of the DICA. He was appointed as Secretary
of the Myanmar Investment Commission (MIC) on 28 May 2014. He has
attended trainings in various institutions, including WTO and participated
in many international seminars and meetings related to investment, trade
and ASEAN affairs. He was also the Co-chair of the OECD task-force on
updating the Policy Framework for Investment. He is married and has two
daughters.
Mr. Zhu Kai, Director, Policy, Laws and Regulation Bureau, State-Owned
Assets Supervision Commission (SASAC), China
Zhu Kai received his PhD in law from Law School Tsinghua University. He
joined SASAC in 2003 and is now Director of its Bureau of Policies, Laws
and Regulations. Over the past 14 years, Mr. Zhu Kai has participated in
drafting laws and regulations on the state-owned assets supervision
regime and SOE reforms, engaging in bilateral and multilateral
negotiations and dialogues involving SOE issues, and addressing SOE-
related issues in anti-dumping and countervailing, anti-monopoly, WTO
trade policies reviews, etc.
Ms. Lan Nguyen, Director, Division of SOE Reform, Agency for Enterprise
Development, Ministry of Planning and Investment, Viet Nam
Lan Nguyen is the Director of the Division of SOE Reform in the Agency
for Enterprise Development of the Ministry of Planning and Investment of
Vietnam. During almost 10 years working for the Government, she has
been actively involved in the design and implementation of various
programs and plans on SOE reform. She also played a key role in drafting
important legal documents which set rules for SOE reform and
performance, such as Government Decrees on the implementation of the
rights and obligations of state ownership in SOEs and on the re-
organisation of SOEs, as well as Prime Minister’s Decisions on the criteria
for SOE classification. She has a strong viewpoint that the SOE sector
must be reformed to pave the way for the development of the market
economy and private enterprises. Lan Nguyen was awarded a Fulbright
scholarship in 2008 and completed her Master of Public Administration in
Syracuse University, USA in 2009.
Session 3 - Managing risk in the state-owned enterprise sector
Moderator: Mr. Gambhir Bhatta, Technical Advisor (Governance),
Asian Development Bank, Philippines
Gambhir has more than 25 years of professional experience in the
broad areas of governance and public sector management (PSM). He
currently serves as Technical Advisor (Governance) and Chief of the
Governance Thematic Group at the Asian Development Bank (ADB) in
Manila. Gambhir is also currently an Adjunct Professor at the Lee Kuan
Yew School of Public Policy (National University of Singapore, NUS),
and at the National College of Public Administration and Governance
(University of the Philippines). He is also an Adjunct Fellow at the ADB
Institute, Tokyo, and an elected Independent Member of the Board of
Directors of the International Consortium of Governmental Financial
Management, the only worldwide grouping of organisations and
people involved in this particular field.
Since joining ADB in July 2005 he has led various missions to design
development projects and programs in Asia, and has contributed
directly to a portfolio of more than two billion dollars in programming
in the broad areas of governance and public management, including
public financial management, anti-corruption, SOE reforms, and local
governance in South Asia. Author of four books, including the
International Dictionary of Public Management and Governance (M. E.
Sharpe, New York, 2006), Gambhir has published several research
articles in his areas of expertise in internationally refereed journals. He
has a PhD in Public and International Affairs from the University of
Pittsburgh, and advanced certificates in Applied Policy Analysis, Asian
Studies, and Urban and Regional Development from the same
university. His Dual Master’s Degrees (in Economics and Political
Science) were earned from Bowling Green State University, Ohio.
As Technical Advisor for Governance, Gambhir currently chairs the SOE
Working Group at ADB which is mandated to enhance knowledge of
SOE reform work, and develop capacity of government officials and
ADB staff on various aspects of such reforms, including on corporate
governance.
Mr. Chencho Tshering Namgay, Associate Director, Druk Holding
and Investments Limited, Bhutan
Mr. Chencho T. Namgay is the Associate Director of the Department of
Finance at Druk Holding and Investments Limited in Bhutan. He was an
integral member of the team responsible for the institutionalisation of
the risk management process in the DHI group. He continues to play a
lead role in this area. His present area of focus is on the structuring of
infrastructure projects which again involves risk management as its
primary consideration. Before assuming these responsibilities, he
worked in areas of power system automation and project
management. He has an undergraduate degree in electrical
engineering and a post graduate degree in Business Administration.
Mr. Edward Emerson, UK Government Investments, United Kingdom
Ed is an Assistant Director with UK Government Investments (UKGI),
which was established in 2016 to provide the Government with a
centre of excellence in corporate finance and governance. Like its
predecessor, the Shareholder Executive, UKGI’s work includes the
management of a portfolio of wholly or partly state-owned enterprises
which operate across a wide range of sectors.
Ed is based in London, and primarily works on transactions and
corporate governance projects in the transport, infrastructure and
manufacturing sectors. He has previously been a member of the
shareholder team for Network Rail, the UK’s rail infrastructure provider,
and is the UKGI Risk Lead.
Before joining UKGI, Ed worked as an asset and structured finance
lawyer for Norton Rose Fulbright, having trained as a solicitor with the
Scottish Government. He holds undergraduate degrees in politics and
law from the universities of Glasgow and Edinburgh respectively, and
has recently completed a masters degree in global energy and climate
policy at SOAS in London.
Dr. Ram Kumar Mishra, Director, Institute of Public Enterprise, India
(See bio above)
Day 2 Wednesday 20 September 2017
Session 4 - Promoting business integrity within state-owned
enterprises
Moderator: Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian
Directors Academy (MINDA), Malaysia
(See bio above)
Mr. Chayut Boonsing, State Enterprise Analyst (Senior Level) and
Assistant to the Director-General, State Enterprise Policy Office, Ministry
of Finance, Thailand
Mr. Chayut Boonsing received his Bachelor of Engineering in
Telecommunication Engineering from Sirindhorn International Institute
of Technology, Thammasat University, Thailand. He further pursued his
Master of Art in Finance Accounting and Management from University
of Bradford, the United Kingdom.
After graduation, he started working as a state enterprise analyst at the
State Enterprise Policy Office (SEPO) of the Ministry of Finance. His field
of expertise is the telecommunications sector. He also has experience in
the energy sector. After working at SEPO for 3 years, he pursued another
Master of Art in Public Policy, University of Bristol, the United Kingdom.
His academic focus is on the performance management system with an
aim to improve state enterprise performance and corporate governance.
Currently, works as a state enterprise analyst in the telecommunications
and energy sector and as an assistant of the SEPO Director General (Dr.
Ekniti Nitithanprapas).
Ms. Marites Cruz-Doral, Commissioner, Governance Commission for
Government-Owned and –Controlled Corporations (GOCCs), Philippines
Commissioner Marites Cruz-Doral is a Certified Public Accountant (CPA)
and a licensed Real Estate Broker. She obtained her Bachelor’s degree in
Accountancy from the Ateneo de Davao University in 1993, and her
Bachelor of Laws from the University of Mindanao in 2002.
As a CPA, Commissioner Cruz-Doral’s exposure is in the field of
Commerce and Industry Sector, the majority of which are banking and
financial institutions. Prior to her appointment as Commissioner of the
Governance Commission for GOCCs (GCG), she served as Administration
Manager and Personnel Specialist of Louis Berger Group, Inc.-
Philippines, a resident foreign consulting firm which implements
foreign-funded humanitarian and development works in Mindanao
through infrastructure development, business growth and governance
improvement, among others.
Ms. Elvira Konakhbayeva, Director of Corporate Governance and
Sustainability, Samruk-Kazyna, Kazakhstan
Elvira Konakhbayeva joined Samruk-Kazyna JSC in 2015. In her current
role, Elvira is working on implementation of corporate governance best
practices and sustainable development principles within the Group of
Samruk-Kazyna and the preparation of the annual report and
sustainability report of Samruk-Kazyna JSC. Previously, Elvira served as a
Senior Auditor at Deloitte LLP, Kazakhstan and Manager at KPMG Tax
and Advisory LLP, Kazakhstan. Elvira led projects on corporate
governance assessment, corporate reporting, sustainability integration
and reporting for national companies of Kazakhstan. Elvira holds a
Bachelor of Business Economics, KIMEP, Kazakhstan. She has a long
journey in sustainability, including GRI G4 Examination passed in 2016 in
London, United Kingdom.
Mr. Fuad Hashimi, Centre of Excellence in Responsible Business,
Pakistan Business Council, Pakistan
Fuad Azim Hashimi is a fellow of the Institute of Chartered Accountants
in England and Wales and currently heads Pakistan Business Council’s
Centre of Excellence in Responsible Business. Through leadership of the
Pakistan Institute of Corporate Governance from 2007 till last year, he
played a key role in furthering corporate governance practices in
Pakistan. He is a member of the Private Sector Advisory Group of
International Finance Corporation, World Bank Group and of the United
Nations ESACP Business Advisory Council and its Sustainable Business
Network as well as a regular participant, moderator and speaker at
OECD’s Asian Roundtable and the Asia-SOE Network on Corporate
Governance of SOEs.
His career over the past 52 years has provided him with a strong
foundation in public accounting (he was a partner for 10 years in A.F.
Ferguson & Co., a member firm of PricewaterhouseCoopers) as well as in
management of diversified business and commercial ventures, in
Pakistan and abroad, ranging from banking, office automation and
information technology to mutual funds. He also has experience with a
development finance institution providing venture capital to the private
sector that involved monitoring industrial projects to ensure correct use
of the funds provided by the World Bank and the Asian Development
Bank.
Hashimi’s other appointments include being a member of the board of
directors of Faysal Bank Limited and of International Industries Limited
where he is Chair of its Audit Committee. He is also a member of the
Public-Sector Committee of the Institute of Chartered Accountants of
Pakistan. He has previously held directorships on the boards of Clariant
Pakistan Limited, National Refinery Limited, Indus Valley School of Art
and Architecture, Pakistan Cables Limited, and Pakistan Security Printing
Corporation of Pakistan, where he was additionally the Chair of its Audit
Committee.
Session 5 - Disclosure and transparency in the state-owned enterprise
sector
Moderator: Mr. Ali Salman, Director of Research, Institute of Democracy
and Economic Affairs (IDEAS), Malaysia
Ali Salman is Director of Research at IDEAS, a leading Malaysian think tank.
An economist and public policy expert, he is author of more than thirty
independent studies, reports and monographs on a wide range of topics
including regional trade, public finance, competition policy, innovation,
and youth policy.
Dr. Im Gon Cho, Executive Director of Research Center for State-Owned
Entities, Korea Institute of Public Finanace, Korea
(See bio above)
Ms. Lya Rahman, General Manager, Minority Shareholder Watchdog
Group, Malaysia
Lya Rahman has been with the Minority Shareholder Watchdog Group
(MSWG) since July 2001. Currently, she holds the position of General
Manager. She oversees the Analysts Team for the Corporate Monitoring
activities. She is one of the Corporate Representatives of MSWG attending
the general meetings of public listed companies. Lya heads the ASEAN CG
Assessment for the Malaysian Public Listed Companies under the MSWG-
Malaysia Corporate Governance Index Project for the last eight years. She
is a member of the ASEAN CG Experts Working Group for the ASEAN CG
Scorecard Project comprising CG Experts from other ASEAN countries, i.e.
Singapore, Thailand, Indonesia, Philippines and Vietnam. In her effort to
promote good governance among Public Listed Companies, she has been
invited to speak at several platforms both locally and internationally as well
as to students from institutions of higher learning.
Lya also headed engagements with Public Listed Companies on improving
their corporate governance performance based on the assessment of the
ASEAN CG Scorecard. She has been appointed as a member of the Investor
Consultative Group established by the Securities Commission of Malaysia.
She was a member of the Task Force to review the Statement on Internal
Control – Guidance for Directors of Public Listed Companies organised by
the Institute of Internal Auditors Malaysia. She was involved in the
Technical Working Committee for Corporate Integrity System Malaysia
(CISM) and was involved in the roundtable discussions on the CISM Tools
Development organised by the Malaysian Institute of Integrity.
Prior to joining MSWG, for over 10 years, she held various positions at the
senior managerial level with various companies and organisations.
Throughout her working career, she has been exposed to various
organisations and businesses, diverse cultures and management styles. She
had the opportunity to work with people at all levels, which also includes
the State and Federal Government Departments and Agencies as well as
Regulatory Bodies.
Mr. Tran Tho Hai, Head of General Policy Division, Corporate Finance
Department, Ministry of Finance, Viet Nam
Tran Tho Hai is a senior policy maker in Viet Nam. He was born and raised
in Hanoi and graduated from National Economic University, with a
Master’s degree. After graduation, he worked for SOEs including: Bank for
Investment and Development of Vietnam (BIDV) and Vietnam Food
Corporation (VINAFOOD). Since 2004, he has worked in the Ministry of
Finance of Vietnam (MOF). At present, he serves as Head of General Policy
Division in the Corporate Finance Department. Through this work, he has
notably had extensive experience in the SOE equitisation process.