Bucharest Stock Exchange and Envisia Boards of Elite launched partnership to support the competitiveness of boards of directors

Bucharest Stock Exchange (BVB) and Envisia – Boards of Elite launched an educational partnership dedicated to the capital market stakeholders, ‘Corporate governance that creates value’. The program is designed to boost the competitiveness of Boards of Directors, promote good business practices, and develop the skills and abilities needed by board members, thus contributing to building a strong corporate governance culture. The educational initiative is dedicated to all the capital market stakeholders, listed companies, companies which are currently being listed or interested in this process, brokers and authorities.

‘Corporate governance has been a priority for Bucharest Stock Exchange since its establishment. At that time, as well as now, we believe that applying the principles of good governance, simple and intuitive ones, in an interconnected world in which we live, can generate trust between business partners, an intangible asset difficult to achieve within time. The partnership with Envisia and the educational program it involves support, in a practical way, our vision on the importance of corporate governance for all capital market players and strengthen our position in the educational segment, one of the pillars of our development strategy’, said Radu Hanga, Bucharest Stock Exchange President.

‘Through this project we bring excellence in education derived from the joint research of Envisia-Henley Business School on the Romanian capital market. It is a joy to partner with Bucharest Stock Exchange, a hub of Romanian entrepreneurial ambition. The years 2020-2021 mark accelerated changes in global governance, and Romania is positioning itself ambitiously, regionally and globally, through professional development, to be able to capitalize on opportunities that arise, but also to avoid emerging risks, including industrial transitions. A professional board, connected to the latest global expertise, is the best guarantee of success in an increasingly uncertain and complex world’, said Carmen Micu, CEO & Founding Member of Envisia.

The need to develop a set of specific competencies to board members, as well as the associated benefits, are addressed in the BVB-Envisia partnership from several perspectives, with an emphasis on applicability in the real economy.

‘We are happy to support listed companies, and not only, in this educational endeavor to promote the values of good governance and to stimulate the competitiveness of boards of directors. Through this partnership we actively pursue one of our strategic directions, that of supporting Romanian companies that must adapt quickly and efficiently to the new realities in the economic environment. The goal is as simple as possible, obtaining long-term benefits for the entire ecosystem created around a company’, said Adrian Tanase, Bucharest Stock Exchange CEO.

‘A strategically designed board of directors, based on a diverse expertise and a wide professional horizon, will consolidate a direction of success already assumed or will indicate new directions of growth, precisely because the board is designed to maximize opportunities. The Romanian market is ready for more, it’s better, more efficient, more profitable; but to grow in the current context of the new “normal” economic recovery, it takes thorough understanding, contextualization, wisdom and timely action, to be at the forefront of the regional and European economy. We aim to provide the local ambition with sources of global development for boards, a know-how that is currently indispensable’ said Adriana Lobda, Founding Member of Envisia.

The representatives of the listed companies, but also of other entities active in the capital market, will be able to participate starting with October 13, 2021, in the practical courses specially prepared by the Envisia – Boards of Elite team within this partnership. The training sessions will address topics such as the role and responsibilities of boards and members on boards, the legal and institutional aspects of governance, the role of audit, risk, nomination and remuneration committees, and other strategic topics.