Emerging trends in the Myanmar

Governance landscape

Myanmar Governance scorecard

Myanmar is going through

enormous economic, political
and social transformation in
recent times.

Analysts and industry commentators have adopted a cautious stance on

doing business in Myanmar, especially with regards to governance failure
given that the regulatory framework still evolving.

Change is happening rapidly

and companies are gearing up
to embrace thorough strategic
and transformational initiatives.
However, challenges do remain
in the areas of Governance
to cope up with such
unprecedented development.

Inadequate
segregation of
roles between the
Ownership, Board
and Management
functions

In general, for emerging economies facing the rapid liberalisation of markets,

a window exists in which governance infrastructure and controls struggle to
catch up with the pace of development.
Corporate
Governance
Calegories

Average Scores by Country

Singapore

India

Philippines

Indonesia

Our
Comparative
Score
Myanmar

Corporate
Governance
in Myanmar

CG Rules and
Practices
Enforcement

Board members
lack relevant
operational,
financial and
industrial
experience

Politcal and
Regulatory
IGAAP
CG Culture
Leading

Limited
transparency
around selection,
performance
evaluation and
remuneration of
Board members

Establishing and
maintaining a
risk management
framework not
prioritised

Optimising

Developing

Contacts
Greg Unsworth
+65 6236 3738 / +65 9848 6025
greg.unsworth@sg.pwc.com

Sanjoy Banerjee
+65 6236 4452
sanjoy.banerjee@sg.pwc.com

Jasmine Thazin Aung

+959 450023 688
jasmine.t.aung@mm.pwc.com

Succession plans
for key personnel
not formalised

Samit Deb
+959 961049 664 / +65 8168 4135
samitendra.k.deb@sg.pwc.com

2015 PricewaterhouseCoopers LLP. All rights reserved. In this document, PwC refers to PricewaterhouseCoopers LLP or, as the context requires, the PricewaterhouseCoopers global network or other member firms of
the network, each of which is a separate legal entity.

Developing Governance,
enhancing performance

Our Corporate Governance

Framework

Our approach to delivering value

Our Corporate Governance

framework will help you
identify existing gaps and areas
opportunities for improvement
within your organisation.

At PwC, we understand that all business needs are unique. We tailor our approach to suit you, from providing you with market
comparisons to building your governance framework.

Our Governance Framework focuses

on the following key areas:

Strategy oversight
Availability of quality information
Implementation and monitoring
Monitoring major capital expenditure

Understanding your requirements

Comparison with regional peers

Gap Analysis Report

Implementation roadmap

Consultation with executives and

management

Building the Corporate

Governance Framework

Risk and Crisis Management

Risk Management Framework
Cyber and technology impact
Crisis Response Framework

Corporate ethics
Communication of clear expectation
Availability of clear channels of reporting to employees
Investigation and consistent enforcement

Monitoring company performance

KPI alignment to strategy
Presence of non-financial KPI
Periodic evaluation of performance metrics

Transformational transactions

Management evaluation,
compensation & succession
Linking incentives and rewards with performance
Succession planning and evaluation

What we offer you

Key
focus

Business alliances
Mergers, acquisitions and carve-outs

Diagnostic study and

gap analysis

Financial reporting
Disclosures on financial risk and other methods
Transparency of other disclosures (non-regulatory)
Corporate communication

Board dynamics

Board composition
Board processes
Board training and education
Board evaluations

How we can help

Communicate with stakeholders

Governance
structure

Corporate Governance
Framework
development and
enhancement
(charters, Governance
structure, etc.)
Code of Ethics and
other supporting
documents evaluation

Organisation
structure assessment
Diagnostic studies for
overall structure and
skill sets
Assessment of roles &
responsibilities
Target Operating
Model generation and
evaluation

Internal controls
Policy-procedure
development
Process
documentation and
evaluation
Fraud risk assessment
Rollout of Control Self
Assessment

Internal audit set up

Establishing IA
Charter, Methodology,
Framework and
strategic audit plan
Training and assistance
to develop competency
Quality Assurance
Review

Enterprise risk
advisory
Workshop on
developing risk
registers with risk
assessment and risk
treatments
Review of risk
management
framework
Help develop
risk manual with
risk policy, risk
management structure,
roles & responsibilities
and processes