MYANMAR CENTRE FOR RESPONSIBLE BUSINESS-(Pwint Thit Sa)Transparency in Myanmar Enterprises (TiME) 2019 Report
MYANMAR CENTRE FOR RESPONSIBLE BUSINESS-(Pwint Thit Sa)Transparency in Myanmar
Enterprises (TiME)
2019 Report
https://www.myanmar-responsiblebusiness.org/news/towards-responsible-gold-mining-sagaing-region.html
Towards Responsible Gold Mining in Sagaing Region
On 9/10 March, MCRB hosted a multistakeholder discussion on licensing and responsible business practices for gold mining in Sagaing Region bringing together government officials from the Mining, Forestry and Environmental Conservation Departments of the Ministry of Natural Resources and Environmental Conservation (MONREC), General Administration Department (GAD), the Directorate of Investment and Companies Administration (DICA) and the Ministry of Agriculture, Livestock and Irrigation (MoALI), together with parliamentarians from across Sagaing Region, including Homalin, Tigyaing , Kawlin, Wuntho, Indaw, and Pinlebu townships. They were joined in Monywa by local and international mining companies, civil society organisations and international NGOs and experts.
https://www.myanmar-responsiblebusiness.org/…/Concept-note-…
https://www.myanmar-responsiblebusiness.org/…/Concept-note-…
https://www.myanmar-responsiblebusiness.org/swia/mining.html
Pwint Thit Sa / Transparency in Myanmar
Enterprises (TiME)
2019 Report – Launch
https://www.myanmar-responsiblebusiness.org/components/com_content/plugins/viewerjs/files/Yever-TiME2019-Launch.pdf#viewer.action=download
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
Myanmar centre for responsible business (pwint thit sa)transparency in myanmar enterprises 2019 report
1. Pwint Thit Sa / Transparency in Myanmar
Enterprises (TiME)
2019 Report – Launch
2. Agenda
2
1
2
3
A renewed approach for the
next Pwint Thit Sa survey
Fostering transparency through
better corporate reporting
Q&A
ေန ာက္ ာမညက့ ပြငက့ သစကသစ အသစီရငကခံသစ အတြာက
ျပနက္မညက္နက္ သစကစ ္ေ နမညက္သစနသစကအ သစက
ပိုာိုော ငက္ာြနကေ ော ကပိုရတကအသစီရငကခံျခငက္
ျ ငက့ ပြငက့္ငက္ျာငက ာသအ ္ အ ္ေပ္ျာငက့တငကျခငက္
အော္အေျ ာက႑
3. Founders:
Current core funders:
• UK
• Norway
• Switzerland
• Netherlands
• Ireland
[previously also
Denmark]
www.myanmar-responsiblebusiness.org
and www.mcrb.org.mm
No. 6.A Shin Saw Pu Road, Sanchaung, Yangon
Tel/Fax: 01 01-512613
The Myanmar Centre for Responsible Business
(MCRB) was set up in 2013 by the Institute for
Human Rights and Business (IHRB) and the Danish
Institute for Human Rights (DIHR) with funding from
several donor governments.
Based in Yangon, it aims to provide a trusted and
impartial platform for the creation of knowledge,
building of capacity, undertaking of advocacy and
promotion of dialogue amongst businesses, civil
society, governments, experts and other
stakeholders with the objective of encouraging
responsible business conduct throughout Myanmar.
Responsible business means business conduct that
works for the long-term interests of Myanmar and its
people, based on responsible social and
environmental performance within the context of
international standards.
myanmar.responsible.business
5. Bonjour !
5
ာဂၤ္ ပါ။
We are a Myanmar consultancy.
Our goal? Transforming Myanmar’s
private sector and making it more
responsible, transparent and
sustainable.
Yever မညက ျာနကာ ့သစီ္ပြ ္ေရ္အအာံေပ္ာိုာကုီ
တသစကခို ျ သစကပါ မညက။ Yever၏ ရမညကရြယကခ်ာကာ
ျာနကာ ာိုငကငံ၏ ပိုဂၢ္ာ ာက႑အ ္ တ ဝနကယူာသ၊
တ ဝနကခံာသရျပီ္ ပြငက့္ငက္ျာငက ာသရ မညက့အျပငက
ေရရမညကတမညကတံ့ခိုငကျာေသစရနကအတြာက
ေျပ ငက္္ေပ္ရနက ျ သစကပါ မညက။
FOR PROFIT
o Corporate governance
o Business strategy
o Business transformation
o Corporate communication
FOR PROFIT
o ော ကပိုရတက သစီာံအိုပကခ််ဳပကာသ
o သစီ္ပြ ္ေရ္ ာဟ ဗ််ဴဟ
o သစီ္ပြ ္ေရ္ အ ြငကေျပ ငက္ျခငက္
o ော ကပိုရတက္ာက္ံေရ္
PRO BONO PRO BONO
o Capacity building
o Research
o Advocacy
o Capacity building
o ိုေတ န
o အအာံေပ္ျခငက္
6. Why Pwint Thit Sa ?
6
The objective of the Pwint Thit Sa project is to
incentivise better corporate disclosure of
corporate governance and non-financial
information by Myanmar companies through
publicly recognising them for their
transparency.
Intended to support Myanmar in achieving SDGs 16
ပြငက့ သစကသစ ၏ ရမညကရြယကခ်ာကာ အာ် ္ျပမညက ူာ ျာနကာ ာိုာကုီာ် ္၏
ပြငက့္ငက္ျာငက ရာသာို အ အာတကျပ်ဳေပ္ျခငက္ျ ငက့ ော ကပိုရတကသစီာံ
အိုပကခ််ဳပကာသ္ိုငကရ ာငက့ ဘက႑ ေရ္ာငက့ာ ာက္ိုငကေ အခ်ာကအ္ာက
ာ် ္ ပိုာိုပြငက့္ငက္္ ေသစေရ္အတြာက တိုာကတြနက္အ ္ေပ္ရနက
ျ သစက မညက။ေရရမညက ြံံျ ်ဳ္တိုာကတာကာသ ပနက္တိုငက အာတက၁၆
ေအ ငကျာငကေသစ္နက္မညက္ အေစ ာကအာူျ သစကေသစပါ မညက။
7. The Top 10 performers in 2018
7
42%
47%
50%
50%
53%
61%
65%
69%
73%
91%
0% 20% 40% 60% 80% 100%
YSF
Private
Private
Private
Private
Private
Private
Public
YSX
Private
8. Pwint Thit Sa 2018 also contains a summary
of Myanmar corporate governance reforms
Transparency elements introduced in the new Companies Law
– Directors duties and reports
– Consultation on draft Myanmar Companies (Electronic Registry System and
Miscellaneous Matters)Regulations 2018
• deadline 31 May 2018
• https://www.dica.gov.mm/en/news/myanmar-companies-law-2017-draft-regulations
Ongoing reforms to anti-Corruption Law
– Supplementary amendment to introduce company liability
Securities Exchange Commission 2015 Rules
– Covers YSX listed and OTC ‘public’ companies
Public Procurement Law reform
Environmental Impact Assessment
– Public consultation requirements and publication of reports
Myanmar Investment Law and Rules
– Screening of responsible business record of investors
– Rule 196 annual reports for projects with MIC Permits
9. Initiatives to promote corporate
governance and transparency in Myanmar
✓ IFC Myanmar Corporate Governance Initiative including cooperation with the UK Myanmar
Financial Services Task Force and Thai Institute of Directors, leading to launch of Myanmar
Institute Of Directors (MIoD) in March 2018 with IFC and UK government support
✓ Organisation Of Economic Cooperation And Development (OECD) Corporate Governance
Initiative with DICA and SECM – launched March 2018 leading to a Myanmar Corporate
Governance Code
✓ Extractives Industries Transparency Initiative (EITI) www.myanmareiti.org
– Myanmar has just submitted 2014/5 and 2015/6 reports
✓ Introduction of Construction Sector Transparency Initiative (CoST) into Myanmar
www.constructiontransparency.org
– Disclosure 40 data points relating to procurement projects, including audit
– Pilot survey to be conducted in Myanmar
✓ Top Taxpayers List from Internal Revenue Department
✓ Other G2G, Chambers (e.g. AmCham), and individual company initiatives
10. What else is in the Pwint Thit Sa report?
Contains Recommendations to
• Myanmar companies
• Myanmar government, Securities and Exchange Commission, parliament, Anti-
Corruption Commission
• Civil society organisations, media, and investor community
Follow up includes
• Advocacy to government, ACC, parliament etc on recommendations
• Preparation for Pwint Thit Sa 2019 – start in September, publish in early April 2019
• Voluntary ‘Mini Pwint Thit Sa’ benchmarking for large or medium companies not
covered
• Free training workshops for companies on anti-corruption, human rights policies and
due diligence, and grievance mechanisms, now in association with a group of
multinationals
• Engagement/alignment with various corporate governance initiatives and reforms
10
11. 11
A Renewed Approach for the
Next Pwint Thit Sa Survey
ေန ာက္ ာမညက့ ပြငက့ သစကသစ အသစီရငကခံသစ အတြာက
ျပနက္မညက္နက္ သစကစ ္ေ နမညက္သစနသစကအ သစက1
12. What do we assess?
12
1 ာမညက မညက့အခ်ာကအ္ာကာ် ္ာို
အာျ တကာမညကနမညက္။
We will analyse
the company’s
website to find
data and
reports
A
ာိုာကုီာ် ္ာ
ဝာက္ိုဒကေပပတြငက
စိုတကျပနကစ ္ မညက့
အခ်ာကအ္ာကာ် ္ာငက့
အသစီရငကခံသစ ာ် ္ ာို
ေ့္္ ံို္ ပကာမညက။
Your
company
website
Social
media
Data &
statements
Reports,
policies, …
Our scorecard
combines
different
frameworks
B
အာတကေပ္သစမညက္ာ်မက္
မညက ာတူမညီေ
ာူေဘ ငကာ် ္ာို
ေပါငက္သစပကအ ံိုျပ်ဳ
စ ္ပါ မညက။
Corporate
Governance
Scorecard
13. Why did we decide to update
our methodology?
13
1
The business landscape in Myanmar is evolving quickly. On the Corporate Governance side, the
publication of the Myanmar Sustainable Development Plan and the enforcement of the 2017
Company Law will contribute to reshaping practices further. Moreover, the ASEAN Corporate
Governance scorecard is becoming a standard. As a result, we decided to include more criteria in our
scorecard.
ျာနကာ ာိုငကငံ၏ သစီ္ပြ ္ေရ္နယကပယက မညက အ္်ငကအျာနကတို္တာက္ ျပီျ သစက မညက။
ော ကပိုရတကသစီာံအိုပကခ််ဳပက္ိုငကရ ာက႑တြငက ္ာကတေ္ ၌ စိုတကျပနကစ ္ေ ျာနကာ ာိုငကငံ၏
ေရရမညကတမညကတံ့ျခငက္္ိုပကငနက္သစမကအရ ာိုာကုီမပေဒအ သစက၏ တိုာကတြနက္္ံ်ဳ ေ္ ကာသျ ငက့ ေန ာကပိုငက္
္ိုပကငနက္ာ်ငက့သစမကာ် ္ာို ျပနက္မညကပံိုေ က ေတ ့ာမညကျ သစက မညက။ စိုံအျပငက အ ္ီယံ
ော ကပိုရတကသစီာံအိုပကခ််ဳပကာသ္ိုငကရ ရာတက ာတကတာက္ မညက သစံစ ္သစရ တသစကခိုျ သစက္ မညက။ ရ္ဒကအေနျ ငက့
ာြ်ာိုကပကတိုံ၏ ရာတက ာတကတာက္တြငက သစံ တကာတကခ်ာကာ် ္ပိုာိုစမညက့ ြငက္ရနက ္ံို္ျ တကခ့ မညက။
REFLECTING RECENT CHANGES IN MYANMAR
ယခငကနမညက္သစနသစကာို အ္ငက့ျာငက့တငကရနက
အဘယကေအာ ငက့ ္ံို္ျ တကခ့ နမညက္။
္တကတေ္ ျာနကာ ာိုငကငံ၏ တို္တာကေျပ ငက္္္ ာသာ် ္အ ္
စငကဟပကေသစျခငက္
14. Why did we decide to update
our methodology?
14
1
• To keep challenging the leading companies, we have included some new criteria to check
the sustainability of their performance and business model.
• To expand the scope of our survey, we have decided for the first time to review some SOEs.
• To have more time to engage and provide the companies with more time to update and
enhance their disclosure.
• မီ္ေ္ ငကာိုာကုီာ် ္အ ္ ၄ငက္တိုံ၏သစြာက္ေ္ ငကာိုငကာသာို တို္၍သစာက္ ပကအာျ တက ာိုငကရနက
ေရရမညကတမညကတံ့ေ ္ိုပကငနက္ေ္ ငကရြာကာသာငက့ သစီ္ပြ ္ေရ္ပံိုသစံ္ိုငကရ
သစံ တကာတကခ်ာကအ သစကာ် ္အ ္ စပကာံစမညက့ ြငက္စ ္ မညက။
• ာြ်ာကိုပကတိုံ၏ သစသစကတာက္ော ာကာသနယကပယကာိုခ် စြငကာိုငကရနက အခ််ဳ ာိုငကငံပိုငက ာိုာကုီာ် ္အ ္
သစတငကေ့္္ အာျ တကာမညကျ သစက မညက။
• ာိုာကုီာ် ္ာငက့ ပိုာိုေ္ြ္ောြ္ာိုငကရနကာငက့ ာိုာကုီာ် ္အ ္ ၄ငက္တိုံာ
ပြငက့္ငက္ျာငက ာသ္ိုငကရ အ္ငက့ျာငက့တငကာသာ် ္ာို အခ်နက္ံိုေ္ ာကသစြ ျ ငက့ ေ္ ငကရြာကာိုငကရနက
္ိုပကငနက္သစမကာို အခ်နကပိုာိုရရရနက ္ိုအပကပါ မညက။
ယခငကနမညက္သစနသစကာို အ္ငက့ျာငက့တငကရနက
အဘယကေအာ ငက့ ္ံို္ျ တကခ့ နမညက္။
40. 2 Q13 (Corporate Profile, Company’s strategy): Does the company clearly explain to what
extent it has achieved its strategic objectives for the period and what its outcomes in
terms of effects on the capitals are?
44. How can you improve disclosure?
Examples > Corporate Governance
2 Q42 (Corporate Governance: Board of Directors’ Responsibilities) – Does the company
clearly explain how its governance structure supports its ability to create value in the
short, medium and long term?
56. 2 Q65 (Sustainability Management: Risk) – Does the annual report clearly explain what the
specific risks and opportunities are that affect the organization’s ability to create value
over the short, medium and long term, and how the organization is dealing with them?
65. 2 Q75 (Sustainability management: Strategy) – Are the sustainability targets explicitly
aligned with the materiality analysis, with a high level of commitment and a
reasonable timeframe?
70. Sources of further information and help
Myanmar Institute of Directors
• http://myanmariod.com/
• Next training course: Audit Committee Master
programme 13/14 September
Online guides, international standards
• A selection is available on MCRB USB stick
Sustainability, governance and public relations
consultants
70