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The boundaries between risk management and corporate
governance are quickly blurring, especially in
financial institutions. The industry is under
great pressure in the current milieu of rising
threats, heightened regulatory requirements, shareholder
activism and increasing complexity in operations.
Responsible corporations are seeking ways to cope
with the rapidly developing issues and to find
sanity in compliance requirements that are becoming
more onerous and costly.
The Corporate Governance & Risk Management
Conference at The Asian Banker Summit 2005 will
examine the most critical issues. The conference
brings together world-renowned practitioners in
both fields to clarify the priorities for CEOs,
risk managers and board members. How risk management
can enhance corporate governance and what must
corporate directors, CEOs and other senior management
know about risk management.
Agenda
| DAY
1 Tuesday,
15 March |
| 13.00-14.00 |
Registration and Coffee
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| 14.00-15.30 |
Welcome and Introduction by The Asian Banker
Keynote Presentation "What All Directors Should Know About Governance Of Financial Institutions In Today's Volatile Marketplace"
The legendary Bill Seidman, who presided over the resolution of the savings-and-loans (S&L) debacle in the US and was the chairman of the Federal Deposit Insurance Corporation in the US for the most important parts of its history, continues to be the voice of wisdom on some of the hardest questions related to the governance of financial institutions today.
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Will Basel II, new IAS guidelines and other enhanced risk management and corporate governance regimes really make a difference in the stability of financial institutions globally? |
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Are Asia's financial institutions and policymakers, especially in Japan, China, Korea and Indonesia, repeating the same mistakes, perhaps in different guises, that led to the savings-and-loans fallout in the US? |
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What are the issues we should be concerned about as more banks take on financial holding company models, and how can we expect complex institutions in the US to develop? |
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What are Mr. Seidman's own assessments of the role of independent directors in the critical areas of remuneration, audit and risk management? |
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What forces reshaping the US economy should we be concerned with? |
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| 15.30
– 16.00 |
Tea Break
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| 16.00
– 17.30 |
Forum On China
"Corporate Governance Issues In China"
The recent string of corporate scandals involving seemingly reputable Chinese corporations listed on international bourses has raised a critical question ~ Are Chinese institutions ready for the world of rising shareholder activism? What is the real state of corporate transparency and responsibility within China's large corporations?
| Speakers & Panelists |
Mr. Wang Shihao, Senior Executive Vice President, Bank of Shanghai
 Download PDF presentation |
Prof. Liu Junhai, Professor of Business Law and Assistant Director, Institute of Law, Chinese Academy of Social Sciences (Beijing)
Download PDF presentation |
Mr. Richard Leung, Country Head - China, DBS Bank
Download PDF presentation |
Dr. Wei S. Yen, Managing Director, Financial Institutions, Asia Pacific, Moody's
Download PDF presentation |
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Asia Pacific Outlook Forum
"Asia-Pacific Banking and Sovereign Outlook 2005"
Sovereign upgrades globally continued to outpace sovereign downgrades by a wide margin in the fourth quarter of 2004. Will Asian sovereign ratings continue with this trend in 2005? Standard & Poor's Ratings will provide its perspective and latest thinking on the credit outlook of the sovereign and sovereign-supported entities in the Asia-Pacific region including geopolitical risks and a global analysis of sovereigns.
| Presentation by |
Mr. Paul Coughlin, Managing Director, Asia, Corporate and Government Ratings, Standard & Poor's Ratings
Download PDF presentation |
Ms. Nancy Koh, Director, Financial Services, Standard & Poor's Ratings
Download PDF presentation |
| Mr. John Stuermer, Managing Director, Fixed Income Research, Bear Sterns, Singapore |
| Mr. Damien Wood, Director and Head of Asian Credit Research, Credit Suisse First Boston, Singapore |
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| DAY
2 Wednesday,
16 March |
| 09.00
– 10.30 |
Welcome and Introduction by The Asian Banker
Keynote
Address by Al Gore,
Former Vice President of the United States of America
"Investing in the Sustainability
of Businesses Worldwide"
Followed by a dialogue and Q&A with Mr Gore, with a focus on Mr Gore's observations on:
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The sustainability of US budgetary policies and its impact on the US corporate scene |
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Shareholder and regulatory activism in the US today and their impact on US businesses in general (the broad range of issues from the Spitzer inquiries to boardroom tussles at major corporations today) |
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Aligning US responses with international initiatives such as the International Accounting Standards (IAS) |
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Mr. Gore's personal motivation in starting Generation Investment Management and the firm's global objectives in promoting sustainability as a business core competency |
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How does sustainability influence risk management in high-risk businesses like trading firms? |
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Mr. Gore's interactions with the Senate Banking Committee and trends in banking that he sees taking shape |
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US policy towards Asia as well as US/global current social, political and economic situations. |
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| 10.30
– 11.00 |
Tea Break |
| 11.00
– 12.30 |
Session 2 with Vice President Al Gore
Contextualising Global Trends in Governance and Risk to Developments in Asia
Dialogue and Q&A with Mr. Gore and invited panelists. Mr. Gore may respond to the following proposed issues:
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The experience of large Asian corporations in accessing US investors |
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The influence of hedge funds and instruments like real estate investment trusts (REITS) on corporate behaviour |
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Are governance and sustainability the corporate version of the "green" movement? |
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How can traditional Asian corporations be better structured to inculcate better risk and governance practices |
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How different are the conduct of directors in Asia relative to the US, and to what extent should independence and conduct of directors be legislated |
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To what extent will we see harmonization of governance codes across regions, especially in Asia |
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| 12.30
– 14.00 |
Networking Luncheon
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| 14.00
– 15.30 |
Corporate
Governance Conference Session
What Went Wrong
At China Aviation Oil?
Lessons In Corporate Governance And Risk Management
Of Chinese Corporations
China Aviation Oil used to be the Chinese
company that could do no wrong. But lapses
in corporate transparency, audit, risk management
and compliance resulted in large trading losses
that left stakeholders in the freeze.
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What did risk managers,
auditors, CEOs, board directors and
compliance professionals learn from
this episode? |
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How can reputable and responsible
institutions prevent a similar situation? |
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What corporate governance and risk
management issues are specific to Chinese
companies? |
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What adjustments to regulatory and
legal frameworks are needed to help
arrest significant missteps in the future. |
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| 15.30
– 16.00 |
Tea Break |
| 16.00
- 17.30 |
The
Boardroom And The Market – Strategies
For Directors To Comply With New Marked-To-Market
Governance Requirements.
The code for corporate governance in several
countries is being modified to be aligned
with new IASB requirements. Many companies
will have to account for the impact of the
market on their business. The role of directors
is also evolving to include oversight of how
the entire organisation manages, defines and
measures risks, for the benefit of stakeholders,
not merely to please regulators and auditors.
This session presents:
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How much risk are board
of directors actually taking these days,
when businesses have to comply with
high trading and marked-to-market requirements? |
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How should a risk sub-committee be
comprised and what issues should they
look at? |
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How is risk handled at a corporate
level in large enterprises today? |
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Key updates on global regulations
to increase corporate transparency and
protect privacy, such as Basel II, the
Sarbanes- Oxley Act, the Patriot Act
and other measures. |
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Internal controls and systems for
compliance |
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The evolving requirements for information
flow in the process of risk management
and the inherent risks from this development |
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| 17.30
– 19.00 |
Welcome Cocktail |
| DAY
3 Thursday,
17 March |
| 09.00
– 10.30 |
Corporate
Governance and Risk Management Advisory Forum
Justifying
The Cost Of Compliance
As risk management standards and corporate
governance requirements gain sophistication,
financial institutions are faced with rising
compliance costs. In this session, leading
figures in risk management and corporate
governance discuss:
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The costs and challenges
of implementing Basel II |
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European financial institutions’
response to and progress of implementing
Basel II |
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How financial institutions can leverage
on Basel II implementation efforts to
improve economic capital modeling |
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US institutional investors’
evolving requirements of corporate governance
standards |
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How corporations in the North America
and Europe are justifying the climbing
costs of compliance |
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| 10.30
– 11.00 |
Tea Break
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| 11.00
– 12.30 |
Managing
The New Compliance Culture - Evolving Roles
For Risk, Audit And Compliance Under Basel
II And The New IAS Regime
New international accounting standards and
risk management practices are transforming
the way institutions are run. They are also
placing the onus of corporate responsibility
and transparency in the hands of more and
more people within an organisation. This session
explores the new realities:
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Evolving roles of audit,
risk monitoring, risk management and
reporting professionals |
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What can be learnt from the implementation
issues of financial institutions that
have adopted IAS 39 and Basel II? |
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Leveraging on compliance with Basel
II, Sarbanes-Oxley, IAS 39 and other
framework already in place, to improve
operational capabilities |
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Redesigning the decision-making process
to support greater transparency and
risk management |
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Continuous education for risk managers,
auditors and other compliance professionals |
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| 12.30
– 14.00 |
Networking
Luncheon |
| 14.00
– 15.30 |
Hedge
Funds And Risk Management
Hedge funds are rapidly entering the mainstream
and more institutions are beginning to include
them in their investment portfolios. What
critical developments in the hedge funds industry
must risk managers be aware of? This presentation
explores:
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Recent developments in
the hedge fund industry and markets,
and their resulting risks |
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Risks, costs and potential returns
from hedge funds |
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What every CEO and corporate board
member should know about hedge funds |
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The use of hedge funds to manage risks |
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| 15.30
– 16.00 |
Tea Break |
| 16.00
- 17.30 |
Closing
Keynote Address:
“Where Asia Can Go Wrong”
Asia had suffered, and continues to be
beleaguered, by an unbridled credit culture
that has merely shifted its focus from the
corporate to the consumer sector. The resulting
threat to the region’s socio-economic
stability may yet yield unpleasant surprises
for not just Asia but the increasingly interconnected
global economy. Where are the dark spots
in a region that is prospering again?
Dr.
Peter Warburton,
Author of “Debt and Delusion”
& Member of the Shadow Monetary Policy
Committee at the Institute of Economic Affairs
(UK)
Download
PDF presentation
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| End
of Programme |
Note : For the latest update of speakers and
sessions, please visit www.theasianbanker.com
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Featuring a Keynote Dialogue with Al Gore,
Former Vice President of the United States of America