Corporate Governance Considerations for Non-listed Companies
Lessons for Practice, Research and Education

Unlisted companies are the engines of a strong economy and as such make major contributions to economic growth in Europe. Yet the corporate governance needs of these companies are hardly addressed by independent bodies, policy makers and also are not on the radar screen of researchers. Fortunately the European Confederation of Directors Associations (ecoDa) published earlier this year the “Corporate Governance Principles and Guidelines for Unlisted Companies in Europe”. The 5th Corporate Governance Workshop will introduce this publication and its Hungarian translation and also will deal on a broader scale with several of the major issues addressed in this document. The aim of the Workshop is to provide practitioners, as well as researchers and educators, with ideas of where and how unlisted companies could and should improve their governance structure and thereby become more competitive and responsive to the economic and financial challenges.

Date: 1-2 December 2010
Venues: Budapest Marriott Hotel, 1052 Budapest, Apáczai Csere János utca 4. and
Bank Center (H-1054 Budapest Szabadság tér 7.) Conference Room, 1st Floor, Platina Tower
Partners: American Chamber of Commerce, Embassy of the United States of America, CEU Business School, Hungarian Venture Capital Association (HVCA), Canadian Chamber of Commerce

The Workshop was sponsored by:

Day One (1 December 2010)

Location:
Budapest Marriott Hotel, 1052 Budapest, Apáczai Csere János utca 4.

19:00 – 21:00 Cocktail Reception

Day Two (2 December 2010)


Location:
Bank Center (H-1054 Budapest Szabadság tér 7.), Conference Room, 1st Floor, Platina Tower

08:00 – 08:30 Welcome with Coffee and Pastries

Introductions
08:30 – 08:38 Welcoming Comments Robert Peaslee, Commercial Counselor, US Embassy
08:38 – 08:45 Introduction to Workshop Laszlo Czirják, Corporate Governance and Business Integrity Committee Chairman & Partner, iEurope Capital

Section I. Introduction of ecoDa’s “Corporate Governance Guidance and Principles for Unlisted Companies in Europe”: the 14 Principles
Moderator: Dr. Péter Hardi, Professor, Business Ethics and Corporate Social Responsibility and Director, Center for Business and Society at the Central European University Business School
08:45 – 09:35 Introduction of ecoDa’s 14 Guiding Principles
Dr. Roger Barker, Head of Corporate Governance at the Institute of Directors (IoD)
09:35 – 09:55 Q&A

09:55 – 10:15 Coffee Break

Section II. Shareholder Representation on the Board of Directors
Moderator: Dr. Zsolt Bedő, Professor of Economics, University of Pécs
10:15 – 10:35 Evolution of Governance
Gábor Bojár, Founder of Aquincum Institute of Technology
10:35 – 10:55 What is a Sensible Board Composition?
Zoltán Kovács, CEO, Díjbeszedő Zrt.
10:55 – 11:15 What is the difference between Family and Corporate Governance
Daniel Poisson, CEO, DunaPro Zrt.
11:15 – 11:40 Q&A

11:40 – 12:50 Lunch break

Section III. Specific Management Responsibilities
Moderator: Dr. András Hanák, Senior Advisor, Euro-Phoenix Ltd.
12:50 – 13:10 Division of Responsibilities within the Board and the Management
Imre Sivó, Management Consultant, ICG INFORA Consulting Group
13:10 - 13:30 Setting Proper Objectives and Incentives
Gergely Darvas, Board Member, Former COO, ThalesNano Inc.
13:30 – 13:50 Managing Human Resource and Financial Capital
ldikó Adamecz, Partner, BDO Magyarország Tanácsadó Kft.
13:50 – 14:20 Q&A
14:20 – 14:30 Closing remarks


14:30 - 15:00 Coffee