Workshop on Corporate Governance Chisinau, 14-15 May 2012 Corporate Governance in transition economies Joanna Banach Legal Department Polish Financial.

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Presentation transcript:

Workshop on Corporate Governance Chisinau, May 2012 Corporate Governance in transition economies Joanna Banach Legal Department Polish Financial Supervision Authority

Corporate governance understood and implemented Change of the market reality Change in management’s way of thinking required

Profit Growth Takeover Companies’ goals

Profit, development, takeover Long-term demand > supply WHEN? ONLY when you trust that the investment will bring profit

Trust? Where can I buy it from? And does it have a price? Information Equal treatment TRUST

Press, rumours Corporate governance Hard law

2 MUSTs and 1 DON’T

Cost reduction

NEW dynamics … NEW approach Why do I do it? ….. OK!!! Is it worth your effort?

Yes, thank you!