Baltic Institute of Corporate Governance (BICG) is in a process of developing “Baltic Guidelines for Corporate Governance in State and Municipality owned companies”.   

As a part of developing these guidelines BICG has contracted an international experienced expert, Mr. Richard Frederick.

Richard Frederick advises on issues of corporate governance and transparency mainly for the World Bank, the IFC, UNCTAD and the OECD. 

He was one of the principal authors of the OECD Principles of Corporate Governance, and a contributor to the OECD Guidelines for Multinational Enterprises, the UN Guidance on Good Practices for Corporate Governance Disclosure, and other national and international codes of governance. Recently he has analyzed state-owned enterprise governance and worked on corporate governance codes in developing and emerging market economies.

Mr. Frederick was involved in the privatization of state-owned enterprises for the Treuhandanstalt in the former East Germany and, while at KPMG, advised boards on executive remuneration schemes. Formerly a Principal Administrator at the OECD and the Director of Operations of the International Federation of Accountants, Mr. Frederick holds an undergraduate degree from Yale University and an MBA from INSEAD. 

BICG is together with Mr. Frederick involving all stakeholders from Baltic State and Municipality owned companies in creating the “Baltic Guidelines for Corporate Governance in State and Municipality owned companies”.  We do that through working groups, national meetings, questionnaires, a high level summit on March 19, and as well direct phone Interviews with Mr. Frederick. 

BICG Group members who would like to get involved in this development can contact Kristian Kaas Mortensen. km@corporategovenance.lt or +370 6111 33 44