On April 16, 2008, ACGA spoke in Bahrain at a corporate governance conference organised by Chubb Insurance, a founding sponsor of the Association. Our presentation made a case as to why good CG was beneficial to emerging economies. We looked at three areas:

1. What drives CG reform? (Answer: Financial crises. Financial and economic integration. Standardisation of rules and principles. Changing ownership structures, including the growth of institutional investors and the internationalisation of company shareholder registers.)
2. Development of CG in Asia. (The explosion in rules and codes from the late 1990s onwards, following the Asian Financial Crisis. A case study on Korea was presented, showing how CG reform is sensitive to prevailing market and economic conditions.)
3. Benefits to emerging economies. (The development of trust, communication, and property rights.)