Managing risk and promoting business integrity in the state-owned enterprise sector 10th meeting of the OECD-Asia Network on Corporate Governance of State-Owned Enterprises

- SPEAKERS’ BIOS – 19-20 September 2017 InterContinental Hotel Kuala Lumpur, Malaysia

Day 1 Tuesday 19 September 2017

Opening session

Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian Directors

Academy (MINDA), Malaysia

Dato’ Abdul Aziz is the Executive Director of the Malaysian Directors

Academy (MINDA), where he was previously CEO. Prior to this, Dato' Aziz

was the Chief Human Capital Officer at Telekom Malaysia (now known as

TM), a position he occupied for five years before his retirement in

September 2009.

He has also served in various senior positions across a number of

industries including banking, oil and gas and aviation. Prior to his stint in

TM, Dato' Aziz was the Executive VP, HR Division of RHB Bank Berhad

from 2001 to 2004. Before that, Dato' Aziz spent 20 years in Shell

Malaysia in various management positions in Internal and Computing

Audit, Marketing Economics, Sales, Supply and Planning and HR. In 1991,

he was assigned to an international posting to Shell Group Head Office in

London where he held the position of the shareholders' representative

overseeing Shell’s business interests in Hong Kong and China. He was

made the General Manager of HR and Transformation for ASEAN

countries upon his return. Prior to joining Shell Malaysia, he was a Fleet

Planning Coordinator with Malaysian Airlines Systems Berhad (MAS)

where he began his career in 1977.

Dato' Aziz holds a Bachelor of Economics (Honours) degree from the

University of Malaya.

Mr. Lars Erik Fredriksson, Chair, OECD Working Party on State

Ownership and Privatisation Practices, Sweden

Lars Erik Fredriksson is the Chair of the OECD Working Party on State

Ownership and Privatisation Practices, a body in which he has served as

the Swedish delegate since 2008. He is also the Investment Director of

the Division for State-Owned Enterprises at the Ministry of Enterprise and

Innovation in Sweden, a position he has held since 2004. He specialises in

corporate governance of state-owned enterprises. Lars Erik has extensive

experience in SOE ownership, including dealing with corporatisation,

privatisation, starting new SOEs, setting up ownership policies, setting

financial targets, board recruitment and board work. He is currently a

non-executive director in four SOEs and chair of the board in one private

company. He holds a B.Soc.Sc. degree from Uppsala University.

Dr. Im Gon Cho, Executive Director, Research Center for State-Owned

Entities, Korea Institute of Public Finance, Korea

Im Gon Cho is the Executive Director of the Research Centre for SOEs of

the Korea Institute of Public Finance (KIPF). He joined KIPF in 2016 as the

Executive Director after working as a professor in Kyonggi University,

teaching in the field of public administration at the school of social

science. He received his Ph.D. in Public Administration from the School of

Public Policy and Management at Ohio State University. He received his

Master’s degree in Public Administration and his Bachelor’s degree in

International Economics, both at Seoul University. His research interests

are local administration, public finance, personnel management, and the

performance evaluation, governance, transparency and financial

management of SOEs. He has also conducted various research projects

on cost-benefit analysis, retirement policy and personnel management of

public officials, SOE privatisation, government subsidies, state property

management and many more.

Keynote Address: Dato' Wira Othman bin Aziz, Deputy Minister of

Finance I, Malaysia

YB Dato' Wira Othman bin Aziz is the Deputy Finance Minister I and the

chairman of Muda Agricultural Development Authority (MADA) since July

2013. The former Kedah Tourism, Youth and Sports chairman from 2005

to 2008 holds a Bachelor’s degree in Business Administration from

Universiti Kebangsaan Malaysia (UKM). Dato' Wira Othman was Ayer

Hitam State Assemblyman before he was elected as Jerlun Member of

Parliament in the last general election in 2013. Prior to his involvement in

politics, Othman served as Sime Darby Plantation Sdn Bhd assistant farm

manager (1981), Koko Malaysia Sdn Bhd marketing executive (1989-

1992), and Viking Kumpulan Golden Hope Marketing Manager (1992-

1996). He is currently a member of the Football Association of Malaysia

(FAM) executive committee for 2014/2018.

Session 1 - Spotlight on Malaysia: Recent developments in state

ownership practices

Moderator: Mr. Wan Saiful Wan Jan, Chief Executive, Institute for

Democracy and Economic Affairs, Malaysia

Wan Saiful Wan Jan is a regular commentator on Malaysian and ASEAN

affairs. He has an English column in Malaysia’s leading English daily The

Star, as well as a Chinese column in Malaysia’s most widely circulated

Chinese newspaper Sin Chew. His opinion is quoted by various media,

including the BBC, Reuters, International Herald Tribune, Al-Jazeera and

The Economist. He also frequently appears in interviews in Malaysian

radio as well as Malaysian and international TV channels such as

Bloomberg, Channel News Asia and CCTV.

He is currently chief executive of the Institute for Democracy and

Economic Affairs (www.ideas.org.my), a not-for-profit organisation that

he co-founded in 2010, and Visiting Senior Fellow at the Institute of

Southeast Asian Studies (ISEAS) Singapore. Wan Saiful is also Chairman

of the Istanbul Network for Liberty (www.istanbulnetwork.org), an

international foundation established in 2011 to explore and promote the

principles and values of a free society in the Muslim world. He is also a

Board member of the Malaysian International Chamber of Commerce

and Industry (www.micci.com), Advisor to the Malaysia China Chamber of

Commerce (www.mccc.my).

Wan Saiful is actively involved in community activities. In 2014 he helped

set up IDEAS Academy, which is a charity secondary-level learning centre

for refugees in Kuala Lumpur, Malaysia. Prior to that, in 2012 he set up

another charity project, the IDEAS Autism Centre to provide education,

care and therapy for autistic children from urban poor households in

Kuala Lumpur.

Mr. Ahmad Zulqarnain Onn, Executive Director of Investments and

Head of Strategy Management Unit, Khazanah Nasional Berhad, Malaysia

Ahmad Zulqarnain joined Khazanah in May 2014 as Executive Director of

Investments, responsible for Khazanah’s investments in financial services.

He is also Head of the Strategic Management Unit, overseeing both

corporate and portfolio strategy. Prior to Khazanah, he was appointed as

the first Managing Director/Chief Executive Officer of Danajamin

Nasional Berhad in 2009, Malaysia’s first financial guarantee insurer. He

has 20 years of experience in both banking and corporates, including

tenures with UBS Warburg, Pengurusan Danaharta Berhad, CIMB Group

and Symphony Group. He graduated with a Bachelor of Arts in

Economics from Harvard University.

Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian Directors

Academy (MINDA), Malaysia

(See bio above)

Ms. Karen Tangco-Pascasio, Division Chief, Selection and Nomination

Division, Governance Commission for Government-Owned and

-Controlled Corporations, Philippines

Atty. Karen Kreez Tangco-Pascasio is the current Division Chief of the

Selection and Nomination Division of the Governance Commission for

GOCCs, an office attached to the Office of the President of the

Philippines. She graduated cum laude from the University of the

Philippines in 2006 with a degree in Bachelor of Arts in Public

Administration.

Dr. Ram Kumar Mishra, Director, Institute of Public Enterprise, India

Dr. Mishra has studied, researched and taught at the University of

Rajasthan, London Business School, SDA Bocconi, University of Bradford,

International Center for Promotion of Enterprises. He is a Visiting

Professor at Maison Des Sciences De L’Homme, Faculty of Economics

University of Ljubljana, and UiTM, Malaysia. He has handled assignments

from UNDESA; OECD; ADB; Cabinet Secretariat, GoI; Commonwealth

Secretariat; various ministries of GoI; State Governments and Public

Enterprises. He has been on the boards of some public and private sector

enterprises. He has guided doctoral research and taught at the MBA

programmes of several universities in India and abroad. His areas of

interest include corporate governance, corporate social responsibility,

enterprise management and public policy.

Session 2 - Roundtable on evolutions in state ownership and

governance practices in Asia

Moderator: Mr. Hans Christiansen, Senior Economist, Corporate Affairs

Division, Directorate for Financial and Enterprise Affairs, OECD

Hans Christiansen is a Senior Economist in the Corporate Affairs Division

of the OECD Directorate for Financial and Enterprise Affairs. He joined the

Division after previous postings in the OECD Investment Division,

Financial Affairs Division and the Economics Directorate. Prior to joining

the OECD, he worked for the Bank for International Settlements (BIS) in

Switzerland. Mr. Christiansen currently serves as the secretary to the

OECD Working Party on State Ownership and Privatisation Practices,

which is the custodian of the OECD Guidelines on Corporate Governance

of State-Owned Enterprises. His current assignments include OECD’s

ongoing project on state-owned enterprises in the world economy,

responsibility for the Asia SOE Network, as well as involvement in other

SOE-related activities throughout the world. A Danish national, he holds

a graduate degree in Political Economics from the University of

Copenhagen.

Dr. U.D. Choubey, Director General, Standing Conference of Public

Enterprises (SCOPE), India

Dr. U.D. Choubey, former Chairman & Managing Director of GAIL (India)

Limited (a state-owned “Maharatna” enterprise), is presently Director

General of the Standing Conference of Public Enterprises (SCOPE) - An

Apex Body of Public Sector Enterprises in India. Dr. Choubey holds a

double Ph.D., an MBA & an LL.B. and has more than forty years of rich

experience in management, energy, oil and gas and economic issues

related to state-owned enterprises. Dr. Choubey has authored three

books: one entitled “Text Book on Natural Gas”; the second entitled

“Untold Story of the Indian Public Sector” and a third entitled “The Last

Inning And Beyond”, which was released recently. Dr. Choubey is actively

associated with the OECD, particularly through the Asia SOE Network.

Mr. Aung Naing Oo, Director General, Directorate of Investment and

Company Administration, Ministry of Planning and Finance, Myanmar

Aung Naing Oo is the Director General of the Directorate of Investment

and Company Administration under the Ministry of Planning and Finance

of Myanmar. He took a military service from 1981 to 2000. After that he

was appointed as a Deputy General Manager of Myanmar Agricultural

Produce Trading under the Ministry of Commerce from 2000 to 2005.

Following this, he was promoted to General Manger of the Export

Department of the Myanmar Agricultural Produce Trading in 2005. In

2006, he was transferred to the Minister’s Office of the Ministry of

Commerce as a Principal Officer (Deputy Director General) and in 2010,

he served as a Deputy Director General of the Department of Border

Trade under the same Ministry. In May 2011, he took a Deputy Director

General Position at the Directorate of Investment and Company

Administration (DICA) under the Ministry of National Planning and

Economic Development. One year later, he was promoted to his current

position as Director General of the DICA. He was appointed as Secretary

of the Myanmar Investment Commission (MIC) on 28 May 2014. He has

attended trainings in various institutions, including WTO and participated

in many international seminars and meetings related to investment, trade

and ASEAN affairs. He was also the Co-chair of the OECD task-force on

updating the Policy Framework for Investment. He is married and has two

daughters.

Mr. Zhu Kai, Director, Policy, Laws and Regulation Bureau, State-Owned

Assets Supervision Commission (SASAC), China

Zhu Kai received his PhD in law from Law School Tsinghua University. He

joined SASAC in 2003 and is now Director of its Bureau of Policies, Laws

and Regulations. Over the past 14 years, Mr. Zhu Kai has participated in

drafting laws and regulations on the state-owned assets supervision

regime and SOE reforms, engaging in bilateral and multilateral

negotiations and dialogues involving SOE issues, and addressing SOE-

related issues in anti-dumping and countervailing, anti-monopoly, WTO

trade policies reviews, etc.

Ms. Lan Nguyen, Director, Division of SOE Reform, Agency for Enterprise

Development, Ministry of Planning and Investment, Viet Nam

Lan Nguyen is the Director of the Division of SOE Reform in the Agency

for Enterprise Development of the Ministry of Planning and Investment of

Vietnam. During almost 10 years working for the Government, she has

been actively involved in the design and implementation of various

programs and plans on SOE reform. She also played a key role in drafting

important legal documents which set rules for SOE reform and

performance, such as Government Decrees on the implementation of the

rights and obligations of state ownership in SOEs and on the re-

organisation of SOEs, as well as Prime Minister’s Decisions on the criteria

for SOE classification. She has a strong viewpoint that the SOE sector

must be reformed to pave the way for the development of the market

economy and private enterprises. Lan Nguyen was awarded a Fulbright

scholarship in 2008 and completed her Master of Public Administration in

Syracuse University, USA in 2009.

Session 3 - Managing risk in the state-owned enterprise sector

Moderator: Mr. Gambhir Bhatta, Technical Advisor (Governance),

Asian Development Bank, Philippines

Gambhir has more than 25 years of professional experience in the

broad areas of governance and public sector management (PSM). He

currently serves as Technical Advisor (Governance) and Chief of the

Governance Thematic Group at the Asian Development Bank (ADB) in

Manila. Gambhir is also currently an Adjunct Professor at the Lee Kuan

Yew School of Public Policy (National University of Singapore, NUS),

and at the National College of Public Administration and Governance

(University of the Philippines). He is also an Adjunct Fellow at the ADB

Institute, Tokyo, and an elected Independent Member of the Board of

Directors of the International Consortium of Governmental Financial

Management, the only worldwide grouping of organisations and

people involved in this particular field.

Since joining ADB in July 2005 he has led various missions to design

development projects and programs in Asia, and has contributed

directly to a portfolio of more than two billion dollars in programming

in the broad areas of governance and public management, including

public financial management, anti-corruption, SOE reforms, and local

governance in South Asia. Author of four books, including the

International Dictionary of Public Management and Governance (M. E.

Sharpe, New York, 2006), Gambhir has published several research

articles in his areas of expertise in internationally refereed journals. He

has a PhD in Public and International Affairs from the University of

Pittsburgh, and advanced certificates in Applied Policy Analysis, Asian

Studies, and Urban and Regional Development from the same

university. His Dual Master’s Degrees (in Economics and Political

Science) were earned from Bowling Green State University, Ohio.

As Technical Advisor for Governance, Gambhir currently chairs the SOE

Working Group at ADB which is mandated to enhance knowledge of

SOE reform work, and develop capacity of government officials and

ADB staff on various aspects of such reforms, including on corporate

governance.

Mr. Chencho Tshering Namgay, Associate Director, Druk Holding

and Investments Limited, Bhutan

Mr. Chencho T. Namgay is the Associate Director of the Department of

Finance at Druk Holding and Investments Limited in Bhutan. He was an

integral member of the team responsible for the institutionalisation of

the risk management process in the DHI group. He continues to play a

lead role in this area. His present area of focus is on the structuring of

infrastructure projects which again involves risk management as its

primary consideration. Before assuming these responsibilities, he

worked in areas of power system automation and project

management. He has an undergraduate degree in electrical

engineering and a post graduate degree in Business Administration.

Mr. Edward Emerson, UK Government Investments, United Kingdom

Ed is an Assistant Director with UK Government Investments (UKGI),

which was established in 2016 to provide the Government with a

centre of excellence in corporate finance and governance. Like its

predecessor, the Shareholder Executive, UKGI’s work includes the

management of a portfolio of wholly or partly state-owned enterprises

which operate across a wide range of sectors.

Ed is based in London, and primarily works on transactions and

corporate governance projects in the transport, infrastructure and

manufacturing sectors. He has previously been a member of the

shareholder team for Network Rail, the UK’s rail infrastructure provider,

and is the UKGI Risk Lead.

Before joining UKGI, Ed worked as an asset and structured finance

lawyer for Norton Rose Fulbright, having trained as a solicitor with the

Scottish Government. He holds undergraduate degrees in politics and

law from the universities of Glasgow and Edinburgh respectively, and

has recently completed a masters degree in global energy and climate

policy at SOAS in London.

Dr. Ram Kumar Mishra, Director, Institute of Public Enterprise, India

(See bio above)

Day 2 Wednesday 20 September 2017

Session 4 - Promoting business integrity within state-owned

enterprises

Moderator: Dato’ Abdul Aziz Abu Bakar, Executive Director, Malaysian

Directors Academy (MINDA), Malaysia

(See bio above)

Mr. Chayut Boonsing, State Enterprise Analyst (Senior Level) and

Assistant to the Director-General, State Enterprise Policy Office, Ministry

of Finance, Thailand

Mr. Chayut Boonsing received his Bachelor of Engineering in

Telecommunication Engineering from Sirindhorn International Institute

of Technology, Thammasat University, Thailand. He further pursued his

Master of Art in Finance Accounting and Management from University

of Bradford, the United Kingdom.

After graduation, he started working as a state enterprise analyst at the

State Enterprise Policy Office (SEPO) of the Ministry of Finance. His field

of expertise is the telecommunications sector. He also has experience in

the energy sector. After working at SEPO for 3 years, he pursued another

Master of Art in Public Policy, University of Bristol, the United Kingdom.

His academic focus is on the performance management system with an

aim to improve state enterprise performance and corporate governance.

Currently, works as a state enterprise analyst in the telecommunications

and energy sector and as an assistant of the SEPO Director General (Dr.

Ekniti Nitithanprapas).

Ms. Marites Cruz-Doral, Commissioner, Governance Commission for

Government-Owned and –Controlled Corporations (GOCCs), Philippines

Commissioner Marites Cruz-Doral is a Certified Public Accountant (CPA)

and a licensed Real Estate Broker. She obtained her Bachelor’s degree in

Accountancy from the Ateneo de Davao University in 1993, and her

Bachelor of Laws from the University of Mindanao in 2002.

As a CPA, Commissioner Cruz-Doral’s exposure is in the field of

Commerce and Industry Sector, the majority of which are banking and

financial institutions. Prior to her appointment as Commissioner of the

Governance Commission for GOCCs (GCG), she served as Administration

Manager and Personnel Specialist of Louis Berger Group, Inc.-

Philippines, a resident foreign consulting firm which implements

foreign-funded humanitarian and development works in Mindanao

through infrastructure development, business growth and governance

improvement, among others.

Ms. Elvira Konakhbayeva, Director of Corporate Governance and

Sustainability, Samruk-Kazyna, Kazakhstan

Elvira Konakhbayeva joined Samruk-Kazyna JSC in 2015. In her current

role, Elvira is working on implementation of corporate governance best

practices and sustainable development principles within the Group of

Samruk-Kazyna and the preparation of the annual report and

sustainability report of Samruk-Kazyna JSC. Previously, Elvira served as a

Senior Auditor at Deloitte LLP, Kazakhstan and Manager at KPMG Tax

and Advisory LLP, Kazakhstan. Elvira led projects on corporate

governance assessment, corporate reporting, sustainability integration

and reporting for national companies of Kazakhstan. Elvira holds a

Bachelor of Business Economics, KIMEP, Kazakhstan. She has a long

journey in sustainability, including GRI G4 Examination passed in 2016 in

London, United Kingdom.

Mr. Fuad Hashimi, Centre of Excellence in Responsible Business,

Pakistan Business Council, Pakistan

Fuad Azim Hashimi is a fellow of the Institute of Chartered Accountants

in England and Wales and currently heads Pakistan Business Council’s

Centre of Excellence in Responsible Business. Through leadership of the

Pakistan Institute of Corporate Governance from 2007 till last year, he

played a key role in furthering corporate governance practices in

Pakistan. He is a member of the Private Sector Advisory Group of

International Finance Corporation, World Bank Group and of the United

Nations ESACP Business Advisory Council and its Sustainable Business

Network as well as a regular participant, moderator and speaker at

OECD’s Asian Roundtable and the Asia-SOE Network on Corporate

Governance of SOEs.

His career over the past 52 years has provided him with a strong

foundation in public accounting (he was a partner for 10 years in A.F.

Ferguson & Co., a member firm of PricewaterhouseCoopers) as well as in

management of diversified business and commercial ventures, in

Pakistan and abroad, ranging from banking, office automation and

information technology to mutual funds. He also has experience with a

development finance institution providing venture capital to the private

sector that involved monitoring industrial projects to ensure correct use

of the funds provided by the World Bank and the Asian Development

Bank.

Hashimi’s other appointments include being a member of the board of

directors of Faysal Bank Limited and of International Industries Limited

where he is Chair of its Audit Committee. He is also a member of the

Public-Sector Committee of the Institute of Chartered Accountants of

Pakistan. He has previously held directorships on the boards of Clariant

Pakistan Limited, National Refinery Limited, Indus Valley School of Art

and Architecture, Pakistan Cables Limited, and Pakistan Security Printing

Corporation of Pakistan, where he was additionally the Chair of its Audit

Committee.

Session 5 - Disclosure and transparency in the state-owned enterprise

sector

Moderator: Mr. Ali Salman, Director of Research, Institute of Democracy

and Economic Affairs (IDEAS), Malaysia

Ali Salman is Director of Research at IDEAS, a leading Malaysian think tank.

An economist and public policy expert, he is author of more than thirty

independent studies, reports and monographs on a wide range of topics

including regional trade, public finance, competition policy, innovation,

and youth policy.

Dr. Im Gon Cho, Executive Director of Research Center for State-Owned

Entities, Korea Institute of Public Finanace, Korea

(See bio above)

Ms. Lya Rahman, General Manager, Minority Shareholder Watchdog

Group, Malaysia

Lya Rahman has been with the Minority Shareholder Watchdog Group

(MSWG) since July 2001. Currently, she holds the position of General

Manager. She oversees the Analysts Team for the Corporate Monitoring

activities. She is one of the Corporate Representatives of MSWG attending

the general meetings of public listed companies. Lya heads the ASEAN CG

Assessment for the Malaysian Public Listed Companies under the MSWG-

Malaysia Corporate Governance Index Project for the last eight years. She

is a member of the ASEAN CG Experts Working Group for the ASEAN CG

Scorecard Project comprising CG Experts from other ASEAN countries, i.e.

Singapore, Thailand, Indonesia, Philippines and Vietnam. In her effort to

promote good governance among Public Listed Companies, she has been

invited to speak at several platforms both locally and internationally as well

as to students from institutions of higher learning.

Lya also headed engagements with Public Listed Companies on improving

their corporate governance performance based on the assessment of the

ASEAN CG Scorecard. She has been appointed as a member of the Investor

Consultative Group established by the Securities Commission of Malaysia.

She was a member of the Task Force to review the Statement on Internal

Control – Guidance for Directors of Public Listed Companies organised by

the Institute of Internal Auditors Malaysia. She was involved in the

Technical Working Committee for Corporate Integrity System Malaysia

(CISM) and was involved in the roundtable discussions on the CISM Tools

Development organised by the Malaysian Institute of Integrity.

Prior to joining MSWG, for over 10 years, she held various positions at the

senior managerial level with various companies and organisations.

Throughout her working career, she has been exposed to various

organisations and businesses, diverse cultures and management styles. She

had the opportunity to work with people at all levels, which also includes

the State and Federal Government Departments and Agencies as well as

Regulatory Bodies.

Mr. Tran Tho Hai, Head of General Policy Division, Corporate Finance

Department, Ministry of Finance, Viet Nam

Tran Tho Hai is a senior policy maker in Viet Nam. He was born and raised

in Hanoi and graduated from National Economic University, with a

Master’s degree. After graduation, he worked for SOEs including: Bank for

Investment and Development of Vietnam (BIDV) and Vietnam Food

Corporation (VINAFOOD). Since 2004, he has worked in the Ministry of

Finance of Vietnam (MOF). At present, he serves as Head of General Policy

Division in the Corporate Finance Department. Through this work, he has

notably had extensive experience in the SOE equitisation process.