The document discusses reflections on the future of corporate governance in Myanmar's new economy. It recommends that policy makers evaluate and improve the legal and regulatory framework to support sustainable growth, introduce a new companies law, raise awareness of corporate governance, provide board of director training, adopt corporate governance codes based on OECD and ASEAN guidelines, and strengthen corporate social responsibility practices in line with UN Global Compact principles. The document advocates for balancing economic and social goals as well as individual and communal interests when aligning the interests of corporations and society.

1. REFLECTIONS ON THE FUTURE
Prof.Dr.Aung Tun Thet

2. INTRODUCTION

4. New Economy
• Need for more accountability, transparency integrity
and due diligence
• Compliance with international norms and standards

5. New Economy
• Growth of private corporate sector
• Growth of equity markets and institutions
• Growth of international private capital flows
(FDIs)

6. CONTEXT

10. Corporate Governance
• Balance
• Economic and social goals
• Individual and communal goals
• Align
• Interests of individuals, corporations and society

12. BOD Commitment

15. Five Golden Rules
1. Ethics: clearly basis
2. Align Business Goals: creation of stakeholder
decision making model
3. Strategic management: effective process incorporates
stakeholder value
4. Organization: suitably structured
5. Reporting: systems provide transparency and
accountability

16. Relevance of Corporate Governance
• From
• SMEs and family-owned businesses
• To
• State/Public/Private companies

17. RECOMMENDATIONS

18. Journey of Corporate Governance
•Rudimentary
•Developing
•Acceptable
•Advanced
•Leading Practice

19. Policy Makers
• Evaluate and improve legal, regulatory, and
institutional framework
• Support economic efficiency, sustainable growth and
financial stability

20. Recommendations
• Introduce new Company’s Law
• Raise awareness of Corporate Governance
• Undertake BOD training/evaluation
• Promote professionalization of BOD
• Adopt Corporate Governance Codes based on
OECD/ASEAN Guidelines
• Strengthen CSR/UN Global Compact

21. Recommendations