UNUnited Nations Economic Commission for Europe

Press Release

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CORPORATE GOVERNANCE APPRAISED

UNECE Working Party on Industry and Enterprise Development Takes a Look at Corporate Governance in Light of Recent Corporate Scandals

Palais des Nations (Conference Room VII), Geneva
3.15 p.m., 12 February 2004


Geneva, 11 February 2004 - In response to the stream of recent corporate scandals, including Enron, Worldcom and Parmalat and their damaging economic and financial consequences, the UNECE Working Party on Industry and Enterprise Development will host a Round Table on Pressing Corporate Governance Issues during its annual session on Thursday, 12 February beginning at 3:15 p.m. in Room VII of the Palais des Nations. The aim of the Round Table is to review the pressing corporate governance issues as well as different approaches in addressing causes and consequences of recent corporate scandals in a market-oriented framework. Both responses on the corporate level as well as possible government measures including international coordination will be discussed. Panellists and delegates will be invited to share their views on corporate governance trends, causes of the recent corporate failures and their economic and financial consequences.

The panellists for the Round Table are: Mr. Herbert G. Buff, Group Compliance Officer & Deputy Chief Legal Officer, Swiss Reinsurance Company, Zurich, Mr. Adam Codrington, Practice Leader, Corporate Governance and D&O Insurances, Aon, London, and Mr. Felix Horber, Head of Corporate Governance, Group Legal Services, UBS, Zurich.

For more information, please contact:

Mr. Iouri Adjoubei
Industrial Restructuring, Energy and Enterprise Development Division
United Nations Economic Commission for Europe (UNECE)
Palais des Nations, room 429-2
CH - 1211 Geneva 10, Switzerland

Telephone: +41(0)22 917 24 88 / 19 64
Telefax: +41(0)22 917 01 78
E-mail: [email protected]

Ms. Marina Dolgova
Industrial Restructuring, Energy and Enterprise Development Division
United Nations Economic Commission for Europe (UNECE)
Palais des Nations, room 429-2
CH - 1211 Geneva 10, Switzerland

Telephone: +41(0)22 917 19 64
Telefax: +41(0)22 917 01 78
E-mail: [email protected]

Web site: http://www.unece.org/ie/wp8/main.html