» 28.08.2010: ILA Response to the European Commission Green Paper on Corporate Governance in financial institutions and remunerations policy

We wish to thank the EC for having issued the Green Paper. We think that this initiative was good and
useful.
In parallel to the responses given by ecoDa forwarded to the EC on July13th, ILA would like to express its support to ecoDa opinions, but to state its own views on certain matters. But before doing so, we
would like to underline some points mentioned briefly on a couple of occasions in the Green Paper. We agree entirely with a principles-based approach, the application of which can be adapted to the
"legal form, size, nature and complexity of the financial institution concerned and the various existing legal and economic models". With this in mind, we consider that some of the more detailed
suggestions in the Green Paper could not only be ineffective, but counter-productive, as outlined in our comments on the questions and proposed solutions, which form the essential part of the Paper.

ILA Response

» 08.07.2010: ILA/PwC: Conference "Liquidity Risk in Funds" - PricewaterhouseCoopers, Luxembourg

The ILA Investment Funds Committee primarily seeks to help the development of the Luxembourg corporate governance framework as it impacts the directors of Collective Investment Schemes and to provide technical and market support for directors of Luxembourg UCITS and UCIs.
The Committee aims to assist Luxembourg fund directors in the discharge of their duties both through various technical seminars, as well as the production of best practice guidance. The Committee may further engage with relevant stakeholders to support the fund directors' community in areas of common concern and will seek to foster links with equivalent bodies outside Luxembourg.

Presentation

» 15.06.2010: ILA/Bourse de Luxembourg: Conference "Pale, Male and Stale: Need for diversity in boards?" - Chambre de Commerce, Luxembourg

As a part of the revision of the Ten Principles of Corporate Governance of the Luxembourg Stock Exchange, new guidelines concerning the composition of boards were proposed. Among them, geographic as well as gender diversity appeared for the first time: "Insofar as possible the board should have an appropriate representation of both genders…". Nevertheless, we are far from the requirements of neighbouring and Nordic countries whose practices and approaches seemed to us to be a topic worth outlining.

Presentation Press Article

» 15.06.2010: ILA: Ordinary General Assembly of ILA - Chambre de Commerce, Luxembourg

Convocation

» 20.05.2010: ILA/Fedil & AMCHAM: Conference "Principles of Good Corporate Governance and Best Practices for Unlisted Industrial & Commercial Companies and SMEs" - Chambre de Commerce, Luxembourg

Presentation