Attendees reviewed the progress made in implementing the Corporate Governance Development Framework (the "Framework") and welcomed two new signatories: Mexico's Nacional Financiera and Russia's Vnesheconombank. With them, the number of signatory institutions grew to 33. The meeting was attended by 30 financial institutions from 24 countries, making it the largest and most diverse yet.
The information presented during the meeting demonstrated that the majority of signatories had made considerable progress toward implementing procedures to promote corporate governance. It was clear that the institutions are dedicating ever more resources to this objective, and more and more institutions have at least one staff member dedicated exclusively to corporate governance.
The importance of training those staff members who focus on the investments was mentioned throughout the meeting. The institutions explored the possibility of carrying out joint training activities, share information on suitable experts for delivering them, and open their training sessions to officials from other institutions wherever possible. A number of institutions have developed their own tools based on the shared methodology. This demonstrates the support the Framework enjoys from signatory institutions.
The attendees identified the following priority issues: