ASIAN CEOS TACKLE CORPORATE GOVERNANCE, EDUCATION AND ENTREPRENEURSHIP

Bangkok--Nov 12--124 Communications Corporate Training Survey Released, Corporate Governance Project to conclude spring 2003 Hong Kong, – The Asia Business Council, a not for profit consortium of 42 CEO-level business leaders, stated today that Asian businesses must improve their corporate governance and plan ahead to ensure Asia’s workforce has the right education and skill set to succeed in the global economy. The Training and Competitiveness survey conducted by the Asia Business Council also showed that contrary to popular belief, many Asian businesses spend a considerable amount on the training of their employees. During a two-day forum, the Asia Business Council reviewed findings of the Training and Competitiveness Survey undertaken among its members. The survey found that Asia Business Council members spend on average 3.5% of payroll on training of their executives and staff and that this amount is on par with large, multinational companies in the United States and Europe. The survey also found that types and delivery of employee training were also similar to counterpart firms in industrialized countries. The Council recognizes however that its members’ responses may not be indicative of all companies in the region. Looking beyond immediate corporate training, Council members seriously examined the links between education, innovation and entrepreneurship. This robust discussion was led by Taewon Chey, Chairman & CEO, SK Corporation of South Korea, James Go, Chairman, JG Summit of the Philippines., Banthoon Lamsam, President, Thai Farmers Bank of Thailand and Edward Tian, CEO of China Netcom Corp. of mainland China. Each CEO presented a perspective on the issue and discussed the strengths and weaknesses of education, innovation and entrepreneurship in their economies. Particular emphasis was placed on the weaknesses of the systems and areas for improvement. Members agreed that increased focus must be placed on science and math education and also felt that traditional education must be able to engender creativity and innovation. “Now is the time that Asian CEOs need to be looking long term into the region’s education needs,” indicated Mr. Ronnie Chan, Asia Business Council Chairman and Chairman of the Hang Lung Group Limited in Hong Kong. Members of the Council also thoroughly reviewed and discussed frankly the state of corporate governance in the region. Council members examined the differences and similarities between Asia and other regions. Asia Business Council began the project to review corporate governance regionally and globally in late 2001, and will conclude it in the spring of 2003. This taskforce is chaired by Dr. Morris Chang, Chairman of Taiwan Semiconductor Manufacturing Company Limited of Taiwan. About the Asia Business Council The Asia Business Council is headquartered in Hong Kong. It’s 42 CEO-level members are drawn from companies based in China, Hong Kong, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, Thailand, the United States and Europe. The Council’s constitution allows for no more than one-third of its members to come from outside Asia. The Asia Business Council holds two members’ forums a year and conducts subject-specific task forces and members’ surveys. For further information, please contact: Ruth A. Shapiro Manila Ladavalya Executive Director, Asia Business Council 124 Communications Phone: 852 2103-9506 Phone: 02 662 2266 Email: [email protected] Email: [email protected] Or visit the Asia Business Council website at www.asiabusinesscouncil.org *************** Asia Business Council Membership List Member Title Country John T. Chambers President & CEO, Cisco Systems United Sates Ronnie C. Chan* (Chairman) Chairman, Hang Lung Group Hong Kong Morris Chang* Chairman & CEO, Taiwan Semiconductor Taiwan Manufacturing Co. Ltd. Chey Tae-Won Chairman & CEO, SK Corporation South Korea Raymond K.F. Ch’ien Executive Chairman, Chinadotcom Hong Kong Corporation Bertrand Collomb Chairman & CEO, Lafarge France Philip M. Condit Chairman & CEO, The Boeing Co. United States S. Dhanabalan* (Vice Chairman) Chairman, Temasek Holdings Singapore (Private) Ltd. Steven Forbes President & CEO, Forbes Inc. United States James L.Go Chairman & CEO, JG Summit Holdings Inc. Philippines Douglas Tong Hsu Chairman & CEO, Far Eastern Group Taiwan Koh Boon Hwee Chairman, Singapore Airlines Ltd. Singapore Nobuyuki Idei Chairman & CEO, Sony Corporation Japan Gerard Kleisterlee Chairman & CEO, Royal Philips The Netherlands Electronics Yotaro Kobayashi* Chairman, Fuji Xerox Co., Ltd. Japan Banthoon Lamsam President, Thai Farmers Bank Co., Ltd. Thailand Lee Woong-Yeol Chairman, Kolon Group South Korea David K. P. Li* Chairman & CEO, Bank of East Asia Ltd. Hong Kong Lim Chee Onn Executive Chairman, Keppel Singapore Corporation Ltd. Oscar Lopez Chairman & CEO, Benpres Holdings Inc. Philippines Matthew Miau Chairman, MITAC Group Taiwan Yoshihiko Miyauchi* Chairman & CEO, Orix Corporation Japan B.K. Modi Chairman, Modi Holdings India Yuzaburo Mogi Chairman & CEO, Kikkoman Corporation Japan N.R. Narayana Murthy Chairman, Infosys Technologies Ltd. India Stan Shih* Chairman & CEO, The Acer Group Taiwan Shin Dong-Bin Vice Chairman, Lotte Group South Korea Daniel Tsai Vice Chairman & Co-CEO, Fubon Financial Taiwan Vichit Suraphongchai Chairman of the Executive Committee, Thailand Siam Commercial Bank pcl. Washington SyCip* Founder, The SGV Group Philippines George Tahija President Director, PT Austindo Nusantara Jaya Indonesia Edward Tian Chairman & CEO, China Netcom Corp. Ltd. China C. C. Tung Chairman & CEO, Orient Overseas Hong Kong (Int'l) Ltd. Wei Jiafu Chairman, China Ocean Shipping Company China Wei Liucheng Chairman & CEO, CNOOC China Wong Ngit Liong Chairman & CEO, Venture Manufacturing Singapore Marjorie Yang Chairman, Esquel Group of Companies Hong Kong Yang Yuanqing President & CEO, Legend Holdings Ltd. China Francis Yeoh Sock Ping Managing Director, YTL Corporation Malaysia Jaime Augusto Zobel de Ayala II President & CEO, Ayala Corporation Philippines Peter Zuellig CEO, Interpacific Holdings Inc. Philippines Ruth A. Shapiro* (Secretary) Executive Director, Asia Business United States Council *Board of Trustees

• ข่าวo:edu
• ข่าวo:loc
• ข่าวo:med
• ข่าวen