FICIL meets annually with the Government of Latvia in High Council meetings. The High Council is represented on one side by senior executives from each FICIL member company’s headquarters, and on the other side by Latvian Ministers and high civil servants. The meetings are jointly chaired by the sitting Prime Minister of Latvia and the selected CEO of a FICIL member’s parent company – the Honorary Chairman.
The HC meetings are intended to facilitate a top-level discussion forum between foreign investors and the Government, to set up structured exchange of information and views between the major investors and the national policymakers. Discussions and resolution from the discussions become part of the Communiqué – a document that structures cooperation and discussions between both parties, to be reviewed during the next High Council meeting.
Investment and Development Agency of Latvia has always been a close partner of FICIL and, together with the State Chancellery and the Prime minister’s office – a co-organiser of the meeting
FICIL Honorary Chairperson
Stephen Oldfield
Stephen has taken the Executive Board role for Business Recovery Services in the UK (since 1989) and led a number of complex, high profile corporate insolvencies and turnarounds.
Over the past 20 years he has conducted independent business reviews into more than 200 stressed and distressed businesses across a wide range of industries and size of enterprises.
He was one of the first PwC recovery practitioners to work in the Public Sector on turnaround assignments. Currently Stephen leads and develops the business recovery in Central Eastern Europe