Myanmar Centre for Responsible Business (MCRB) convened a responsible business seminar on Thursday October 24 to share experience on governance of corporate philanthropy. Read more: https://www.myanmar-responsiblebusiness.org/news/governance-of-corporate-philanthropy.html

1. Perspectives on our corporate governance
Responsible business workshop 5:
Corporate Philanthropy
24th October 2019, Yangon
Yin Myo Su

3. Driven by our purpose, we are an independent foundation
entirely self-funded
We are trying to safeguard the lake
- our common good - by connecting
people from its shores with the world
while offering each and everyone
heartful experiences.
Together, let's experience Inle's
wonders, better!
OUR PURPOSE OUR MODEL
Income-generating
activities
Impact
investment

5. Our impact last year
10,800 guests enjoyed
food in Inle Heritage’s
(grand mother’s recipe)
Restaurant
People are delighted to
stay at Inle Heritage Stilt
Houses
200+ students have
graduated from IHHVTC
since 2013
129 children went to IHPS
last academic year
97 employees
(female 60 %)
27 teachers hired
Residence to:
34 Burmese cats
16 kind of fish species
(9 are endangered species)
3 turtles and their 2 parrots

7. Challenge #1
Dealing with challenging times…
0
75
150
225
300
375
450
525
600
675
750
825
900
FY18/19 FY17/18
Income evolution (millions
MMK)
- 18%
This impacts directly our ability to operate:
❑ less scholarships for IHVVTC
❑ less investments to expand our activities
We need to find new funding sources. Therefore,
we have to engage new stakeholders who need to
understand who we are, what we do and how we
operate. We will disclose soon our first impact
report to initiate this journey.
Fortunately, since 2015 we did our homework to
register all the entities involved in our activities.
Still, we have more work to do…

8. Challenge #2
Reinforcing our corporate governance…
Our foundation is a « family owned and
driven » organization. Therefore, we have to
cope with the same challenges as most of the
Myanmar businesses.
✗ Clear definition of the chairperson’s role and
responsibilities
✗ Structuring and enforcing sound corporate
governance practices
✗ Board of Directors / Trustees
✗ Corporate policies, especially on donation,
RPT
✗ Due diligence
✗ Skills
WHAT WE NEED…
We distinguished our foundation from our other
entities, and all of them are registered.
WHAT WE HAVE…
Registration Year of registration
Inthar Heritage Co. Ltd. 103876176 2015
Inle Heritage Foundation 2/Shan/013 2016
Inle Heritage Private School Yes 2017

9. Challenge #3
Changing the perspectives
✗ CSR as a mandatory expenditure
✗ Complicated and time-consuming
discussion with the IRD
✗ Philanthropy as something disconnected
from the business
✗ Lack of transparency and accountability
FROM
✓ Philanthropy as impact investment
✓ Clear legal framework and incentives (tax,
governance, etc.)
✓ Promoting responsible corporate
philanthropy practices (reporting,
disclosure, etc.)
✓ New paradigm to renew the approach
between various stakeholders
eg: public/private; Myanmar/foreign; for
profit/not for profit; … etc
TO

10. က ျေးဇျေးတင်ပါတယ်!
Thank you!