IFC Launches Media Guide in Vietnam to Raise Awareness of Impact of Good Corporate Governance
Hanoi, April 14, 2014 - IFC launched the Vietnamese translation of "Who’s Running the Company: A Guide to Reporting on Corporate Governance," the media guide that aims at helping business journalists report on corporate governance and raise public awareness of the impact it has on businesses, shareholders, and the broader community of stakeholders.
The event showcased the key corporate governance issues in Vietnam, existing weaknesses in board practices and state-owned enterprises, and how this guide can be used to report on those issues.
An interactive dialogue between the audience and the speakers--facilitated by the Vietnam Corporate Governance Forum—helped participants address corporate governance challenges in Vietnam, and discuss the role of the media reporting on those issues.
Over 30 journalists from local media outlets attended the event that was organized as a follow up to three other media training workshops in 2010, 2011 and 2012 in Hanoi and Ho Cho Minh City respectively.
Opening remarks were delivered by Simon Andrews, IFC Regional Manager for Vietnam, Cambodia, Lao PDR, Myanmar and Thailand. Miroslav Delaporte, Deputy Country Director of Swiss Cooperation Office for Vietnam and Head of SECO in Vietnam also provided some opening remarks. Other speakers included Phil Armstrong, Sr. Advisor, IFC Corporate Governance Group, Nguyen Dinh Cung, Acting President of the Central Institute for Economic Management, and Nguyen Quy Lam, Executive Editor of the Doanh Nhan (Businessman) Magazine.
The media guide was produced in partnership with the International Center for Journalists, an organization that advances quality journalism worldwide. Topics include the media’s role reporting on corporate governance, how a board of directors functions, what financial reports reveal, and how to track down information that sheds light on a company’s performance in an informed way.
After this event, IFC met with the State Securities Commission of Vietnam to share views and experiences on the establishment of an Institute of Directors, a key priority area to involve directors to help develop and promote good governance practices in Vietnam.