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Dobro došli na stranice Hrvatskog Instituta Direktora!


Hrvatski Institut Direktora je neovisna, dobrovoljna i neprofitna udruga fizičkih i pravnih osoba osnovan u Splitu, 06. srpnja 2007. god., s osnovnim ciljem djelovanja da se funkcija direktora, članova upravnih i nadzornih odbora obavlja kao zasebna interdisciplinarna profesija.

Hrvatski Institut Direktora je ravnopravni član Europske konfederacije udruženja Direktora – ecoDa i nezavisni je glas koji teži izvrsnosti u onome što radimo. Obrazovni program i konferencije, politika rada, vrednovanje radnih skupina s naglaskom na otvorena pitanja korporativnog upravljanja i njeno usuglašavanje sa Europskom Komisijom i Parlamentom su naš doprinos unutar Europske konfederacije Direktora.

Ponosni smo što je naša udruga dugogodišnji pokrovitelj znanstvene konferencije OFEL – u svezi korporativnog upravljanja. Naši članovi su aktivni u znanstveno - istraživačkoj mreži SEE CGAN za razvoj korporativnog upravljanja u jugoistočnoj Europi te u radnim skupinama ecoDa – glasu Direktora u Europi.

Pozivam sve zainteresirane da odvojite nekoliko trenutaka i istražite naš svijet pregledavanjem naše web stranice. Izuzetna mi je čast da nas kontaktirate i pridružite se našim nastojanjima razvoju korporativnog upravljanja u Republici Hrvatskoj.

S poštovanjem,

Dr.sc. Ljiljana Katičić

Predsjednica Hrvatskog Instituta Direktora

Vijesti i natječaji

23.12.2018


Blagoslovljen Božić i sretnu Novu 2019 želi Vam CID 

Objave

18.3.2019

A joint conference of ecoDa, PwC and the World Business Council for Sustainable Development (WBCSD)

Date: Tuesday 7 May 2019, 13:00 - 17:50

Topic: Looking beyond financial performance
Venue: L42, rue de la Loi 42, 1040 Brussels 
Register here

18.3.2019








ecoDa at the forefront of new developments in financial reporting

Brussels, March 18, 2019 – Anne-Hélène Monsellato, Chair of ecoDa Working Group on Audit Committees, will join an expert group of the European Securities and Markets Authority (ESMA). Ms Monsellato has been designated expert of the Consultative Working Group (CWG) for the ESMA Corporate Reporting Standing Committee (CRSC).

 The remit of the CRSC mainly includes contribution and/or monitoring of regulatory developments as well as establishing appropriate supervisory convergence in the areas of accounting and auditing, periodic financial reporting with reference mainly to requirements of the Transparency Directive, Accounting Directive, IAS Regulation and Audit Regulation.

“I believe my expertise allows me to have a good insight into the challenges facing companies in terms of financial reporting”, says Anne-Hélène Monsellato.
 
Even if for the time being non-financial reporting is high on our agenda, we should not neglect all possible improvements when it comes to financial reporting. The presence of Anne-Hélène Monsellato at the ESMA CRSC will help us to closely follow the developments”, says Béatrice Richez-Baum, Director General of ecoDa.
 
Anne-Hélène Monsellato has more than 23 years experience in audit firm EY, out of which 8 years as an audit partner. She was primarily involved with the Global Capital Markets Group (GCMG). In that capacity, she participated in numerous IPOs and private placements of companies of various sizes and in various industries, mostly in the US capital markets. She contributed to the development of several internal consultations on various complex topics including interpretation of accounting standards, internal control over financial reporting, and definition of audit approach in complex situations as well as for large international groups Anne-Hélène is currently director of two audit committees. She chairs ecoDa Working Group on Audit Committees.


 
 View full press release: here


23.1.2019

The 23rd European Corporate Governance Conference 

Date: Tuesday 2 April 2019
Topic: Corporate Governance as the Enabler of Sustainable Growth
Venue: Radisson Blu Hotel Bucharest, Romania
Register here
Registration for the 23rd European Corporate Governance Conference is now open. This conference is organised by the  Romanian Independent Directors Association (ecoDa's member institute) and EY. 

The main theme of the conference is "Corporate Governance as the enabler of sustainable growth". The forum will be attended by high-level representatives of the Romanian Government and the European Commission, leading European institutions and organizations in the field of corporate governance, authoritative European experts from the academic community and the media.

View the preliminary agenda of the conference: here

For more information of the conference:
here


17.12.2018

 

17 January 2019, 14.00 -14.45 CET - ecoDa/Euronext/ICSA webinar 
 
Moving to digital board meetings. What does it mean and what is it for?
If you are a board member or a company secretary, feel free to join our next webinar organized together with Euronext and ICSA.
The board of directors has a vital role to play in the era of digital transformation. Even if board members don’t have to be digital native, they need to understand how the digital transformation effects the company. Basic hands-on digital experience help directors understand the force of digitalization when guiding companies coping with disruption. The culture change and digital tone has to come from the top while boards also have to find new ways of working to improve efficiency and professionalism. Business intelligence and security are becoming new paradigms for board members.  
 
Speakers will include: Sheenagh Gordon-Hart, Independent director, Partner at The Directors’ Office; Peter Swabey FCIS, Policy & Research Director, ICSA: The Governance Institute; Benoît van den Hove, Euronext, Head of Listing Brussels

To register, please download invitation: here



7-8 March 2019 at L42, rue de la Loi 42, 1040 Brussels

Register for our 2 day training session for European Directors 
 
ecoDa training programme is targeted at directors with a cross-border mandate in their board activities or looking for such a mandate. Anyone seeking to update their knowledge of recent EU policy developments in the field of corporate governance will also benefit from the module.

A valuable benefit of the programme is the chance to become part of a unique ecoDa professional network consisting of individuals with a distinctive interest and expertise in pan-European corporate governance and board functioning.

 
Only limited places for this session!  

If you are interested, please fill in the registration form here as soon as possible:
For content and fees, please visit our website: here

Draft programme: here

22.11.2018

Date and Time: Tuesday 11 December 2018 from 15:00 – 16:00 Central European Time

Topic: Risk mitigation

A changing risk environment for European companies and their directors across Europe means greater liability exposure. Not just across Europe, but in particular when accessing US markets. Recent court rulings mean that public companies are more susceptible to litigation with private companies facing increased risk due to the broad regulatory environment.

This webinar in association with ecoDa and AIG will:

Bring greater clarity in terms of what the exposures are and how they are changing;
Highligh specific claims case studies that have arisen;
Demonstrate what directors and companies need to do to prepare and reduce the risks
Our speakers will discuss the changing risk environment and the potential implications on your risk mitigation and due diligence as a board member.

The discussion will be moderated by:

Suzanne Liljegren , ecoDa's Communication Adviser, Director of the Board of Directors, Member and secretary of the International Committee, Member of the Research Committee and Member of the IT Committee at The Swedish Academy of Board Directors

Joining the webinar will be:

Noëlle Lenoir, Partner, Kramer Levin Naftalis & Frankel LLP, Board member at Valeo

Noona Barlow, Head of International Financial Lines Claims, Acting Head of International Casualty Claims, AIG

Kevin LaCroix, Executive Vice President at RT ProExec, Beachwood, Ohio, a division of R-T Specialty, LLC. RT ProExec is an insurance intermediary focused exclusively on management liability issues.

View invitation: here

Webinar details:

Please click on the link below to register for the webinar. It takes about 1 minute to complete. You will need to complete the registration process before the scheduled date of the webinar to ensure seamless access to the tool on the day.

Register



26.4.2018


Dear all,

We are pleased to inform you that the draft programme of our 2 day training programme for European Directors on 10 & 11 October 2018 is now ready. Please find attached the draft programme.
2018_10_10 &_11_Education Programme draft.pdf

You can also find the programme and further details on line:

http://ecoda.org/events/upcoming-events/

http://ecoda.org/education-programmes/content-and-fees/

Online registration form: https://form.jotformeu.com/80294017684359

Please make joint efforts to promote our programme among your members and circulate the programme on your website and through your newsletter.

We thank you very much in advance for your cooperation,

With kind regards,

Béatrice and Xiaoji

Xiaoji Zhang│Office Manager
ecoDa - The European Confederation of Directors' Associations

Phone: 0032 2 231 58 11
41, avenue des Arts │1040 Brussels, Belgium
Mail: xiaoji.zhang@ecoda.org or secretariat@ecoda.org
http://www.ecoda.org


9.3.2018

Dear all,
The EC Action plan on Financing Sustainable Growth has just been issued this morning. https://ec.europa.eu/info/sites/info/files/180308-action-plan-sustainable-growth_en.pdf

Among the different initiatives announced in this action plan, I would like to raise your attention to the following ones:
· To promote corporate governance that is more conducive to sustainable investments, by Q2 2019, the Commission will carry out analytical and consultative work with relevant stakeholders to assess: (i) the possible need to require corporate boards to develop and disclose a sustainability strategy, including appropriate due diligence throughout the supply chain, and measurable sustainability targets; and (ii) the possible need to clarify the rules according to which directors are expected to act in the company's long-term interest.
· The Commission invites the ESAs to collect evidence of undue short-term pressure from capital markets on corporations and consider, if necessary, further steps based on such evidence by Q1 2019.
· The Commission is launching a fitness check of EU legislation on public corporate reporting, including the NFI Directive to assess whether public reporting requirements for listed and non-listed companies are fit for purpose. It will include the evaluation of sustainability reporting requirements and the prospects for digitalised reporting. The Commission will launch a public consultation on this in Q1 2018. The conclusions of the fitness check will be published by Q2 2019 and will inform any future legislative proposals to be adopted by the Commission.
· By Q2 2019, the Commission will revise the guidelines on non-financial information. The revised guidelines should provide further guidance to companies on how to disclose climate-related information,
· By Q3 2018, a European Corporate Reporting Lab will be established as part of the European Financial Reporting Advisory Group (EFRAG),
· The Commission will table a legislative proposal to clarify institutional investors' and asset managers' duties in relation to sustainability considerations by Q2 2018

Additionally, the Commission will develop a public-private platform bringing together experts and market participants with public sector bodies, such as the ESAs, the EEA, the European Investment Bank (EIB) and Eurostat. In particular, this Platform would monitor key developments to ensure the progressive scale-up and adaptability of the EU sustainability taxonomy. (initially the EC was thinking about creating an online platform on wich companies and investors could exchange best practices in the field of corporate governance, with a specific focus on fostering sustainable finance – this idea was finally dropped in the final version of the action plan).

On March 22, the EC (DG FISMA) is organizing a related conference. Registrations are now open https://ec.europa.eu/info/sites/info/files/finance-events-180322-programme_en.pdf This conference will not focus specifically on CG. It will not compete with our own conference on March 20.

The European Commission is also unveiling today an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech).

Best regards,

Béatrice Richez-Baum
Director General
ecoDa (the European Confederation of Directors’ Associations)
The European Voice of Directors


9.3.2018
PRESS RELEASE
Mazars and ecoDa highlight key challenges faced by boards in an evolving
European corporate governance landscape
Mazars, the international accountancy and advisory firm, and ecoDa, the European
Confederation of Directors’ Associations, have published the results of a survey of
directors which looks into the practices of European listed companies in designing their
corporate governance structures and disclosing their corporate governance practices,
including the application of the ‘comply or explain’ concept.

Press release ecoDaMazars joint study on corporate governance FINAL.pdf
1708 Mazars EcoDa New Version v17.pdf

23.2.2018

Join the ecoDa/PwC Conference on “Long-term sustainability: Can Corporate Governance bring magic solutions?” on 20 March 2018, venue: L42, rue de la Loi 42, B-1040 Brussels.

Two weeks after the launch of the EC action plan on sustainable finance, this conference will examine the type of incentives that are created by the legal/fiduciary duties of both directors and investors. The King IV report on corporate governance, internationally recognized as innovative, will be a point of departure for the discussion.

Panellists will address different questions:

How should boards balance - or trade-off - different interests?
How could shareholders be convinced to also allow stakeholder interests to be taken into consideration?
In addition, the conference will question whether the new framework for sustainability, advocated by the EU, is compatible with the need to stimulate governance practices that are tailor made for corporate innovation. The panellists will discuss how more attention for entrepreneurship can be paid.

The conference is in presence of Maija Laurila (Head of Unit, Company Law, European Commission, Directorate-General for Justice) and Markus Ferber (Member of the European Parliament, Group of the European People's Party).

Programme: here

TO REGISTER: send an email to
secretariat@ecoDa.org

23.2.2018
The Baltic Institute of Corporate Governance joins ecoDa

The European Confederation of Directors’ Associations (ecoDa) is enlarging its membership by welcoming the Baltic Institute of Corporate Governance as a new member.
ecoDa positions itself as a leading body for Corporate Governance by being a thought leader in CG issues and a credible voice that is listened to. Operating in Lithuania, Latvia and Estonia, the Baltic Institute of Corporate Governance is adding to ecoDa’s expanding presence throughout the EU. In addition, ecoDa is now able to integrate the Baltic Corporate Governance specificities while contributing to the European corporate governance framework.
The Baltic countries are often perceived as a model for entrepreneurially-oriented policies and are, together with the other Nordic countries, front-runners of digitalization in Europe.
“This new member adds diversity to our European voice of directors and brings new perspectives at a time when digitalization is high on the agenda of the European Commission”, stated Irena Prijovic, ecoDa’s Chair. “Given that entrepreneurship is a key driver of the Fourth Industrial Revolution, we rely on the input of the Baltic Institute of Corporate Governance to help us shape what Corporate Governance of tomorrow should look like”.
The Baltic Institute of Corporate Governance intends to further expand the knowledge of Corporate Governance in the Baltic countries.
“We are looking forward to being a part of the European Corporate Governance knowledge sharing network and to adding a Baltic voice to the conversation. Both Estonia and Latvia are now members of the OECD and the accession process of Lithuania is set to conclude in the near future. Being a part of ecoDa is a new step to achieve even more access to Corporate Governance expertise for the Baltic business community”, says Rytis Ambrazevičius, President of the Baltic Institute of Corporate Governance.

Full article here

18.1.2018
Brussels, January 18, 2018 – For the European Confederation of Directors’ Associations (ecoDa), the review of the “Best Practice Principles for Providers of Shareholder Voting Research and Analysis” is not only timely because of the Shareholders’ Rights Directive, but it responds also to a broader demand from the corporate world to apply similar transparency and independence rules to all actors in the governance of listed companies.

Proxy advisors play an increasing and critical role in Corporate Governance.

In its response, ecoDa recommends that proxy advisors give a clear view of their product portfolio and provide greater transparency on their business model.

Statutory auditors have been through the same journey and inspiration can be taken from the new requirements imposed by the Audit Reform. Statutory auditors have indeed restrictions in terms of non-audit services that they can provide to the same company to preserve their independence. According to ecoDa, the policy guidelines for non-audit services might be an interesting reference for proxy advisers to develop their own guidelines.

The fact that shareholder voting research & analysis providers have taken the initiative of this public consultation shows that they are open for dialogue and for any improvement suggestion. They acknowledge that their increasing role in general meetings goes hand in hand with greater accountability.
http://ecoda.org/press-news-discussions/press-releases/


20.12.2017
Dear friends, dear colleagues,

Trust in Boards was the focus of ecoDa during 2017. It will remain a central theme for ecoDa in the years to come. Trust in boards is affected by both macro trends and changes in society and will continue to be a key concern for board directors.

But trust in boards is not only a question for the individual director or company. Society at large expects boards of directors to take concrete steps to ensure that the company plays its role in society responsibly and sustainably. People expect businesses to lead, to contribute to the overall development of society and to “walk the talk”.

Rebuilding trust in boards also includes the composition of the board. During 2017 ecoDa recognized the importance of the selection process, especially in the financial sector. We argued the need for a critical and robust internal board assessment (eventually externally supported) as an essential complement to external supervision. External analysis alone is insufficient since external supervisors can’t judge board decision-making neither on paper nor by attending board meetings. Furthermore, an annual assessment might not always be necessary since it could turn into a more superficial formalistic approach, a kind of box-ticking exercise.

ecoDa still believes that the EBA Guidelines on the Fit & Proper test also deserves the attention of non-executive directors from sectors other than the financial sector.

In 2017, ecoDa acknowledged, on different occasions, the leadership role that board members can play to enhance sustainability. However, sometimes the effort of promoting long term sustainability, contradicts with shareholder’s preference for short termism. A company with a long term, sustainable perspective needs shareholders supporting the leadership role that the board of directors can play in securing such sustainability.

During 2017 ecoDa also raised questions about to whom directors should be accountable and to which extent more shareholder stewardship should be desired. We will continue our reflection on this and invite you to join our March 20th, 2018 conference on “Long-term sustainability: Can Corporate Governance bring magic solutions?”

In our opinion, sustainable finance can only be achieved by recognizing that management has a role to play when it comes to coping with the challenges of the XXI century. We hope that the final report of the high-level expert group on sustainable finance expected in January 2018 will recognize this.

Good governance is not only about formal compliance (even if ecoDa is finalizing a survey on the Comply or Explain principle together with Mazars), it is also about building the right corporate culture and living up to expectations. In 2017, ecoDa continued to play a leadership role in organizing related conferences to stimulate debate and good practices. We made it clear that boards should embrace whistleblowing functions, set clear policies and recognize them as an instrument to reinforce trust in companies, both internally and externally. In a recent position paper, ecoDa affirmed that all actors in the governance of listed companies should apply similar transparency and independence rules, including all intermediaries.

Rebuilding trust in businesses should be a shared goal. In 2018, ecoDa will therefore initiate new activities to ensure a continuous and forward looking dialogue with all parties involved in Corporate Governance.

In anticipation of an eventful 2018, we take the opportunity to wish you all a wonderful Christmas Season and a Happy New Year!

Irena Prijovic (Chair), Lutgart Van den Berghe (Chair of the Policy Committee) and Béatrice Richez-Baum (Director General)

Recap Year 2017 F.pdf

https://www.youtube.com/watch?v=02mjaFhzvug&authuser=0

20.12.2017
Our voiced opinions in 2017
Trust in Boards was the focus of ecoDa during 2017. It will remain a central theme for ecoDa in the years to come. Trust in boards is affected by both macro trends and changes in society and will continue to be a key concern for board directors.

But trust in boards is not only a question for the individual director or company. Society at large expect boards of directors to take concrete steps to ensure that the company plays its role in society responsibly and sustainably. People expect businesses to lead, to contribute to the overall development of society and to “walk the talk”.

Rebuilding trust in boards also includes the composition of the board. During 2017 ecoDa recognized the importance of the selection process, especially in the financial sector. We argued the need for a critical and robust internal board assessment (eventually externally supported) as an essential complement to external supervision. External analysis alone is insufficient since external supervisors can’t judge board decision-making neither on paper nor by attending board meetings. Furthermore, an annual assessment might not always be necessary since it could turn into a more superficial formalistic approach, a kind of box-ticking exercise....

More on this link.


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