Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 26.04.2006
Length: 14 pages
Data source: Generalised experience
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Abstract
Privatisation and governance reforms have been taking place in many Eastern European countries, especially those joining the European Union. Professionalisation of corporate governance is a required process in order to attract foreign investors, ensure compliance in a changing legal environment, and to enable clear value-added at the board level. South East Bank triggered the initial steps and key people see their roles changing. The case describes emerging dynamics at the board level.
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Abstract
Privatisation and governance reforms have been taking place in many Eastern European countries, especially those joining the European Union. Professionalisation of corporate governance is a required process in order to attract foreign investors, ensure compliance in a changing legal environment, and to enable clear value-added at the board level. South East Bank triggered the initial steps and key people see their roles changing. The case describes emerging dynamics at the board level.