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Tuesday, March 31, 2009
Regional Workshop on Corporate Governance
Belgrade, Serbia

On Tuesday, March 31, 2009 the Foundation for the Advancement of Economics (FREN) and the PFS Program held a Regional Workshop on Corporate Governance in Belgrade, Serbia. The Workshop took place at the Faculty of Economics, University of Belgrade. The USAID Serbia Economic Growth Activity assisted with logistical arrangements for the event.

The participant breakdown was as follows: two members of AISEC Macedonia; two staff members of the USAID Macedonian Business Environment Activity; 14 students/recent graduates from the Faculty of Economics, Faculty of Law and several other institutions of higher education; and an intern as well as a staff member of SMartKolektiv, Serbia.

The purpose of the Workshop was to introduce students to practical issues in corporate governance through the analysis of case studies about companies in a number of jurisdictions. The following topics were covered: corporate governance models (including the Anglo-US, German and Japanese models as well as corporate governance in transition economies); disclosure regimes; the legal and self-regulatory framework for corporate governance; the rights and responsibilities of corporate organs, including management and the board; shareholders’ rights; and the use of governance information by shareholders and stakeholders.

During the final session, the PFS Program presented its ongoing regional surveys: Investor Relations Online and Survey of Reporting on Corporate Social Responsibility (CSR).

Participants in the Workshop were invited to apply for a one-month unpaid internship with the PFS Program in summer 2009. During the internship, the student/intern collects data for the above-mentioned PFS Program surveys. Thus, the Workshop also served as a pre-internship training and orientation.

To download the Workshop agenda and materials, please click on the links below:

Agenda - Regional Workshop on Corporate Governance - March 31, 2009.pdf - 38 KB
Opening Presentation - PFS Program - March 31, 2009.pdf - 260 KB
Session 1 - Case in Point - March 31, 2009.pdf - 571 KB
Session 1 - Handout - March 31, 2009.pdf - 14 KB
Session 2 - Three Models of Corporate Governance - March 31, 2009.pdf - 933 KB
Session 2A - Three Models of Corporate Governance - March 2009.pdf - 121 KB
Session 3 - Case Study - Proposed Merger of Volvo and Renault - March 31, 2009.pdf - 141 KB
Session 3 - Handout - Case Study - Proposed Merger of Volvo-Renault - March 31, 2009.pdf - 28 KB
Session 4A - Reporting on Corporate Governance - March 31, 2009.pdf - 71 KB
Session 4B - PFS Program - Presentation - Investor Relations Online - Survey of Websites - February 2009.pdf - 1,419 KB
Session 4C - PFS Program - Press Release - Survey - IR Online - March 3, 2009.pdf - 50 KB
Session 4D - Reporting on CSR - March 31, 2009.pdf - 855 KB
Session 4E - PFS Program - Presentation - Survey of Reporting on CSR - September 2008.pdf - 700 KB

Saturday, April 19, 2008 - Sunday, June 8, 2008
NAIC Spring 2008 International Internship Program
United States

A senior expert associate of the on-site insurance supervision department of the National Bank of Serbia participated in the spring 2008 international internship program organized by the National Association of Insurance Commissioners (NAIC) from April 19 through June 8, 2008.

Following a one-week introductory training program in Kansas City, MO the intern undertook a one-month internship with the Washington State Office of the Insurance Commissioner. Thereafter, the intern participated in the NAIC National Meeting in San Francisco, CA. At the end of the internship program, the intern participated in close-out activities in Washington, DC organized by the NAIC’s internship coordinator. Detailed information about the NAIC International Internship Program may be found on the International Relations page of the NAIC website.

The PFS Program emphasizes peer-assisted learning as an effective professional development mechanism. This internship program provided an excellent opportunity for the on-site supervision associate of the National Bank of Serbia to expand her knowledge base and skills. Each of the participating institutions contributed towards the cost of this program.

Monday, February 12, 2007
Regional Workshop: Case Studies on Corporate Social Responsibility (CSR)
Belgrade, Serbia

On Monday, February 12, 2007 AIESEC Serbia, Responsible Business Initiative Serbia and the Partners for Financial Stability (PFS) Program held a Regional Workshop: Case Studies on Corporate Social Responsibility. 37 students from universities in Belgrade, Kragujevac, Nis, Novi Sad and Sobotica as well as a staff member of Responsible Business Initiative Serbia and two staff members of the USAID SEGA project participated in the Workshop.

The purpose of the Workshop was twofold: (1) to present data on reporting on CSR and corporate governance by listed companies in CEE, including detailed information regarding surveys conducted in Serbia (by Responsible Business Initiative Serbia) and in Croatia (conducted by the Zagreb School of Economics and Management, using the PFS Program methodology and co-financed with PFS Program grants); and (2) to discuss with students case studies involving CSR at real companies from a variety of jurisdictions.

At the outset of the Workshop, Responsible Business Initiative Serbia presented an overview of the surveys it has conducted in Serbia. Thereafter, the PFS Program presented the rationale behind launching its regional surveys: Investor Relations Online and Surveys of Reporting on Corporate Social Responsibility (CSR) by the Largest Listed Companies in 11 Central and Eastern European (CEE) countries. Participants discussed the methodology for the surveys and a wealth of data from the surveys as well as other sources. At the end of Session 1, the PFS Program described the use of the surveys and their impact.

In Session 2, the Croatian surveys conducted by the Zagreb School of Economics and Management were presented. In Sessions 3 and 4 participants analyzed a number of case studies regarding particular issues in corporate governance and/or CSR that the PFS Program uses in its training programs. The case studies discussed concern companies listed and/or operating in Germany, the Netherlands/the United Kingdom, Sweden and the United States.

At the end of the Workshop, students were invited to apply for a one-month unpaid internship with the PFS Program in spring/summer 2007. PFS Program interns conduct the PFS Program regional surveys, working with students from other countries under the supervision of PFS Program staff.

To download the Workshop agenda, complete Workshop materials, individual presentations, speaker biographies and list of participants, please click on the links below:

Agenda - CSR Workshop - AIESEC Serbia - February 12, 2007.pdf - 62 KB
Presentation - RBI Serbia - CSR in Serbia - February 12, 2007.pdf - 405 KB
Brief Bio - Neven Marinovic - February 2007.pdf - 10 KB
Session 1 - PFS Program Surveys - February 12, 2007.pdf - 412 KB
Brief Bio - Geoffrey Mazullo - February 2007.pdf - 16 KB
Session 2 - Best Reporting Practices IR - 2005 - Croatia.pdf - 115 KB
Brief Bio - Leslie Sulenta - February 2007.pdf - 10 KB
Session 3 - Case in Point - February 12, 2007.pdf - 40 KB
Session 4 - Cases in Point - February 12, 2007.pdf - 37 KB
List of Participants - CSR Workshop - Belgrade, Serbia - February 12,2007.pdf - 45 KB
Materials - CSR Workshop - Belgrade - February 12, 2007.pdf - 1,068 KB

Monday, July 17, 2006
Publication of Issue Four of the Quarterly Monitor of Economic Trends and Policies in Serbia – Co-financed by a PFS Program Grant

On Monday, July 17, 2006 the Foundation for the Advancement of Economics (FREN) published the English-language edition of Issue Four of the Quarterly Monitor of Economic Trends and Policies in Serbia. An abstract of the issue may be found on the following sub-page of FREN’s website: http://www.fren.org.yu/en/qm4.htm Visitors may download the complete publication or separate chapters of the document from the above-mentioned page. To download the entire publication, please click on the following link: http://www.fren.org.yu/docs/qm4/QM4_complete_en.pdf

Issue Four of the Quarterly Monitor was co-financed by the following institutions: Fund for an Open Society – Serbia; PFS Program and the Royal Government of the Netherland.

Monday, June 5, 2006 - Wednesday, June 7, 2006
Environment for Europe – Second Regional Conference
Belgrade, Serbia

From Monday, June 5 through Wednesday, June 7, 2006 Environment for Europe - Second Regional Conference took place in Belgrade, Serbia and Montenegro. The conference was organized by the following institutions: Environmental Ambassadors; Serbian Chamber of Commerce; Secretariat for Environmental Protection – City of Belgrade; Faculty of Technical Sciences, University of Novi Sad; Institute for Standardization of Serbia and Montenegro; and Regional Chamber of Commerce – Novi Sad. The conference was supported by a number of Serbian institutions – government agencies, private companies and professional associations – as well as the United Nations Environment Program.

Environmental specialists from a wide range of disciplines presented papers at the conference covering diverse topics. Most of the presentations related primarily to Serbia and Montenegro; however many also covered the wider region of South East Europe. Geoffrey Mazullo, Director, PFS Program, presented data from the PFS Program regional surveys (Investor Relations Online and Survey of Reporting on Corporate Social Responsibility (CSR) by the Largest Listed Companies in Central and Eastern Europe – 2001-2006) and from a March 2006 survey of reporting on the same topics by the companies with the largest volume of continuous trading on the Belgrade Stock Exchange.

For more information, please visit the conference website - http://www.ambassadors-env.org/eng/index.php?option=com_content&task=view&id=27&Itemid=30

Thursday, May 25, 2006 - Friday, May 26, 2006
Regional Workshop on Prevention of Money Laundering
Belgrade, Serbia

On May 25-26, 2006 the PFS Program, in cooperation with the Financial Intelligence Unit, Ministry of Finance, Republic of Serbia, conducted a Regional Workshop on Prevention of Money Laundering. This was the eighth in a series of case-study based regional workshops organized by the PFS Program and partner organizations that bring together law enforcement experts from across new and old member states of the European Union (EU), other countries in Central and Eastern Europe (CEE), South East Europe (SEE) and the US.

The participant breakdown was as follows: Montenegro – two judges and two representatives of the Administration for the Prevention of Money Laundering; and Serbia – 11 representatives of the Financial Intelligence Unit; two representatives of district courts; four representatives of district prosecutor’s offices; two representatives of the special prosecutor’s office for organized crime; and one representative of the tax police. In addition, staff of USAID and the US Department of Treasury participated in the Regional Workshop.

Speakers included the following: Estonia – one analyst of the Financial Intelligence Unit and one judge; Poland – one judge and one prosecutor; United Kingdom – one barrister; and the United States – the assistant attorney general of the state of Illinois.

On the first day of the Regional Workshop, each of the above-mentioned experts from Estonia, Poland, the UK and the US presented a real case study of a money laundering investigation/prosecution from his/her respective jurisdiction. Following each presentation, participants engaged the speaker in an interactive discussion about the case. On the second day, participants presented and debated case studies presented by participants from Montenegro, Poland and Serbia.

The Regional Workshop succeeded in achieving its aims and the overall goal of this ongoing PFS Program regional initiative, namely:

1. To provide a venue for representatives of various institutions from several countries to discuss real case studies from several jurisdictions;
2. To brainstorm and share experiences in order to develop the most effective strategies to be applied in the respective jurisdiction;
3. To promote in each jurisdiction the implementation of best practice and international standards in combating money laundering; and
4. To establish and strengthen inter-agency relationships on a national level as well as regionally and globally.

To download the agenda, presentations, speaker CVs and list of participants, please click on the links below:

Agenda - Regional Workshop on Prevention of Money Laundering - May 25-26, 2006.pdf - 14 KB
CV - Geoffrey Mazullo - May 2006.pdf - 17 KB
CV - Christopher Convey - May 2006.pdf - 12 KB
CV - Inga Vaher - May 2006.pdf - 10 KB
CV - Judge Pavel Gontsarov - May 2006.pdf - 11 KB
CV - Beata Hlawacz - May 2006.pdf - 11 KB
CV - Judge Dariusz Sielicki - May 2006.pdf - 66 KB
CV - Edward Carter - May 2006.pdf - 12 KB
Presentation - PFS Program - Geoffrey Mazullo - May 25, 2006.pdf - 814 KB
Presentation - US - State of Illinois - Edward Carter - May 25, 2006.pdf - 251 KB
List of Participants - Regional Workshop on Prevention of Money Laundering - May 25-26, 2006.pdf - 14 KB

Friday, March 31, 2006
PFS Program Grant to CEVES
Belgrade, Serbia

The PFS Program awarded a PFS Program Grant to the Center for Advanced Economic Studies (CEVES), Belgrade, Serbia to co-finance the publication of the fourth issue of the Quarterly Monitor of Economic Trends and Policies in Serbia.