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On Friday, March 18, Prime Minister Valdis Dombrovskis will visit the annual conference organized by the Baltic Institute of Corporate Governance (BICG) in Vilnius - the capital city of Lithuania. During the conference V. Dombrovskis will receive the first BICG Corporate Governance Award. Within the framework of the visit a meeting with Prime Minister of Lithuania Andrius Kubilius is planned.
The participants of the conference will be addressed by a video address of the US Secretary of State Hillary Clinton. The video address is scheduled to start at 15.00 (after the address, the video will be available in the homepage of the Cabinet of Ministers www.mk.gov.lv). In her speech H. Clinton will address the institutional reforms, good governance and transparency issues.
Before the conference, at 14.30 the meeting of V. Dombrovskis and Prime Minister of Lithuania A. Kubilius will be held in the building of the government of Lithuania. During the meeting the sides plan to discuss current bilateral cooperation issues and current European Union issues.
The BICG Corporate Governance Award will be presented to Prime Minister V. Dombrovskis for the work on the implementation of principles for good governance of state-owned assets. In 2010, complete and precise information on the state-owned assets was disclosed for the first time in Latvia, thus forming the basis for deliberative policy and the implementation of responsible governance.
It should be stressed that the Action Plan of the Government for 2011 provides for the establishment of criteria for state involvement in commercial activities and the development of the company segmentation plan. The State Chancellery has launched a public tender “Assessment of the Objective, Necessity and Status Criteria for Participation of a Public Person in a Commercial Company”. The above-mentioned study will form the basis for government debates and decision-making on further policy for public person’s commercial activities and a model for governance of the state-owned commercial companies.
The procurement is 85% funded by the European Union through the European Social Fund and 15% by the state budget of Latvia.
The Baltic Institute of Corporate Governance is a non-profit corporate association that advances the Corporate Governance agenda in the Baltic States. BICG educates and certifies Professional Board Members in the Baltic states, provides guidance on Corporate Governance for public, private and state-owned companies in the Baltic`s. More detailed information: www.corporategovernance.lv
Zanda Šadre
Consultant
Communication Department
Phone: +37167082919 / +37129120742
E-mail: zanda.sadre@mk.gov.lv
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