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!