The Akmani Hotel (Lentini Room-Mezzanine Floor) Jl. KH. Wahid Hasyim 91 Jakarta, Indonesia

Transcription

1 REPORTING ON CORPORATE GOVERNANCE An interactive media workshop The Akmani Hotel (Lentini Room-Mezzanine Floor) Jl. KH. Wahid Hasyim 91 Jakarta, Indonesia June 9-10, 2014 With support from

2 Background IFC, a member of the World Bank Group, through the Indonesia Corporate Governance Program (ICGP), and in partnership with the Institute of Corporate Directorship (IICD) and Lembaga Pers Dr. Soetomo (LPDS), is organizing this media workshop designed to build capacities among journalists in reporting on issues related to corporate governance. Based on the view that better companies make better societies, the overall objective of this event is to draw on journalists unique ability to disseminate information on corporate governance to the business community and to the wider public, and to make both readers and viewers aware of company activities that have significant impact on society. IFC has been providing training for journalists on corporate governance for over six years. Similar programs have been organized in Almaty, Belgrade, Cairo, Delhi, Dhaka, Hanoi, Ho Chi Minh City, Islamabad, Lusaka, Mumbai, Panama City, Santiago, Sao Paulo, Thimpu, Ulaanbaatar and Vilnius. Based on IFC s global expertise, we developed a Media Guide to serve as a reference for journalists to further their skills on corporate governance reporting. The media guide, Who s Running the Company: a guide to reporting on corporate governance 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. Specific objectives of the workshop are to: Explain and illustrate what corporate governance is Help journalists develop skills in recognizing corporate governance stories Examine major issues in corporations, Family Owned Enterprises and State Owned Enterprises in the region Improve journalists skills in reporting and writing stories that contain corporate governance elements Improve journalists abilities to understand and interpret financial information and present it clearly to the audience After the workshop participants will be able to: Have a better understanding of Corporate Governance principles and concepts as they relate to building a company s reputation Improve their skills on investigative journalism Improve their writing skills as they relate to company reporting Enhance their understanding of financial reporting Enhance their networking skills for better relationship building with companies. Workshop Structure The author of the Media Guide, Margie Freaney, from the International Center for Journalists (ICFJ) will facilitate the workshop, reporting and discussion sessions. In addition, ICGP, IICD and LPDS will provide regional expertise and local examples. Workshop will be conducted mainly in English. Local speakers may use a mix of English and Bahasa Indonesia in their presentations. Sessions will include presentations and Q&A. Speakers will be asked to speak on record or indicate otherwise. Workshop will conclude with discussion on planning and distribution of certificates upon successful completion of the workshop (attendance at all sessions is required). 2

3 Day One (June 9, 2014) 08:30-9:00 Registration An interactive media workshop: REPORTING ON CORPORATE GOVERNANCE 09:00 09:15 Welcome Remarks By Mr. Ian Crosby, Sustainable Business Advisory Manager for East Asia and the Pacific IFC Mr. Priyambodo RH, Executive Director, LPDS Mr. Sigit Pramono, Chairman of Management Board, IICD 9:15-9:40 Initial Overview Introduction of participants Workshop ground rules Workshop objectives Expectations of the participants 9:40 10:30 Corporate Governance: its importance and the role of media By Mr. Philip Armstrong, Senior Advisor, Corporate Governance Group, IFC What is Corporate Governance? Why does it matter? What is its relevance to Indonesia and the region (includes a case study) Why should journalists care? What is the role of the Board in corporate governance and how do Boards make a difference in the way in which companies operate How do corporate governance practices influence investment decisions? What do institutional investors look at when deciding whether or not to proceed with an investment? 10:30 11:00 Coffee break 11:00 11:20 The Media Guide and how it works (presentation and orientation) 11:20 12:20 Key Corporate Governance issues in Indonesia/East Asia region What are the leading/key corporate governance issues and challenges facing Indonesia and the East Asia and Pacific region? How are these issues being addressed? What role can media play in bringing out the key issues with responsible reporting? Panelists: Mr. Moez Miaoui, IFC Indonesia Corporate Governance Program Mr. Djisman Simanjuntak, IICD Mr. Bambang Harymurti, Tempo 3

4 Moderated by: Ms. Margie Freaney, ICFJ The discussion will be followed by Q&A and participants will be asked for any examples of their own work in writing about corporate governance, or what difficulties they have in writing about such topics. 12:20 1:20 Lunch break Speaker: Peter Verhezen, Verhezen & Associates Ltd. 1:20 1:30 Video presentation on Family-Owned Businesses, examples from Egypt and Colombia 1:30 2:30 Governance of Family-Owned Businesses By Ibu Shanti L. Poesposoetjipto, PT Samudera Indonesia Tbk. In news conference format, the speaker will discuss the benefits of good corporate governance practices in a family-owned business and the challenges they face in implementing good corporate governance. The speaker will also touch upon gender issues (e.g. increasing women participation and bringing their perspectives to the boardroom). This session will be followed by Q&A. 2:30-3:30 Investigating Corporate Governance sharing lessons and experiences By Mr. Bambang Harymurti, Editor-in-Chief, Tempo Weekly Newsmagazine and Tempo Daily Newspaper Objectives of investigative journalism and the role of journalists in corporate fraud cases in Indonesia Why investigate and report on corporate governance issues? Examples of how and when it s valuable to use this approach? Which sources we should dig? Which tools can help us? The experiences and approaches of a seasoned investigative journalist working in the field of corporate governance will be explored. How do we handle push-back or resistance? 3:30 4:00 Coffee break 4:00 5:00 Identifying Red Flags 6:30 -- All speakers and participants are invited to Dinner at Lara Djonggrang Address: Cik Di Tiro 4, Jakarta Tel:

5 Day Two (June 10, 2014) 9:00 9:20 Summary of Day 1 and presentation of story ideas 9:20 10:30 The Story Behind the Numbers (Part 1) By Jose Sabater, Technical Advisor for Enterprise Risk Services, Deloitte Indonesia 10:30 11:00 Coffee Break General presentation on the basic terms, concepts and presentation of financial accounting that are contained in company annual reports. Introduction to the science of investigating and revealing the real story behind the numbers (followed by Q&A) 11:00-12:00 The Story behind the Numbers (Part 2) By Jerry Go Ngo, Finance Director, PT Saratoga Investama Sedaya, Tbk. 12:00 1:00 Lunch break What do investors look for when making investment decisions? A closer look at financial statements Group exercise: Examination of two company reports, contrasting sound presentation of financial and non-financial information with less effective presentation of same. 1:00 2:15 Building the Story Participants will work in groups to develop local corporate governance stories and report back. 2:15-3:30 Building Better Relationship Between Corporates and the Media By Ms. Pek Swan Layanto, PT Wintermar Mr. A. Alamudi, LPDS 3:30 4:00 Coffee Break Presenters will touch upon the key issues relating to: real life issues faced with media accountability, transparency and why that is important impact of favorable and unfavorable media reporting on businesses responsible journalism The discussion will be followed by Q&A. 5

6 4:00-4:45 Working Together to Promote the Corporate Governance Agenda in Indonesia By Mr. Stefan Handoyo, IFC Mr. James Simanjuntak, IICD Mr. Priyambodo RH, LPDS 4:45-5:15 Next Steps/Plans of Action By Mr. Moez Miaoui and Ms. Marjorie Pavia, IFC 5:15-5:30 Closing Remarks By Mr. Philip Armstrong, Senior Advisor, Corporate Governance Group, IFC Evaluations Certificate Distribution 6