Final_Report_of_London_Cooperative_and_Corporate_Governance_Workshop

Final_Report_of_London_Cooperative_and_Corporate_Governance_Workshop

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Workshop Report Page 1 of 27 Corporate Governance and Co-operatives Corporate Governance and Co-operatives 1 Peer-Review Workshop London, 8 February 2007 PROCEEDINGS REPORT “Governance is central to making sure that we do have co-operatives that are organized in the right way for the benefit of the very poorest people” -Gareth R. Thomas, DFID Under-Secretary of State Background With the increasing recognition that corporate governance is a critical element for sustainable economic growth, participants met in London on February 8, 2007, to build consensus on the corporate governance priorities and technical assistance needs of co- operatives in developing countries. The peer-review workshop was hosted by the UK Department for International Development (DFID) , led and funded by the Global Corporate Governance Forum (Forum), and co-sponsored by the Center for International Private Enterprise (CIPE). Participants included practitioners, academics and donors, representing Latin America, Asia, Europe, Africa, and also regional and international bodies such as the International Co-operative Alliance (ICA), the Consultative Group to Assist the Poor (CGAP), the UK Co-operative College , regional corporate governance centers, DFID, and the Norwegian Agency for Development Co-operation (NORAD). The agenda and list of participants are attached as Annex 1 and 2, respectively. The Forum commissioned a discussion paper from the UK Co-operative College in Manchester, Overview of Corporate Governance Issues for Co-operatives , November 2006, that helped inform the workshop discussions and dialogue. The paper provides a comprehensive assessment of current literature and practice on corporate governance in co-operatives with particular reference to developing countries. As most research on corporate governance has been in large part generated by and for investor-owned firms in developed markets, this paper helps to fill an important gap in understanding the 1 This report reflects the views and opinions expressed by participants and acknowledges that there are alternative positions to the issues herewith summarized.
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Workshop Report Page 2 of 27 Corporate Governance and Co-operatives corporate governance needs of the co-operative sector in developing countries. The paper is available in full text from the Forum’s website: www.gcgf.org Participants provided guidance, feedback, and general observations on how the Forum could best render assistance to the co-operative sector, particularly in ways that complement the on-going work by other global, regional, and national organizations. The Forum made it explicit that it acts first and foremost as a catalyst, supporting existing institutions and their on-going initiatives that are already advancing good corporate governance practices in co-operatives. The Forum assistance will give priority attention to developing countries. Discussions took place around three thematic sessions: (1) Creating an Enabling
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This note was uploaded on 09/02/2011 for the course SOCIO 201 taught by Professor Johnsmith during the Spring '11 term at Rutgers.

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Final_Report_of_London_Cooperative_and_Corporate_Governance_Workshop

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