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The Commonwealth promotes democracy and economic and human development, and trade is central to economic development. So in saying today that it is `time for action' to promote further Commonwealth trade, we are being true to our twin goals of governance and growth, and to the values for which we stand. I am delighted to welcome The Worshipful Company of World Traders and the Institute of Directors City of London Branch to Marlborough House. This seminar is designed to demonstrate how those Commonwealth trading ties which already exist can be enhanced and expanded, and to encourage those of you attending, and the wider world, to take advantage of our unique network of Commonwealth nations. Not only do our bonds of language, law and common values contribute to the so-called `Commonwealth Effect', but we all have the desire to see developed countries helping developing countries to realise their full potential. It is gratifying too to see a group of young people - on whom the future of the Commonwealth depends - playing an important role in the programme today. Today speaks to the power of our convening network, and to the practical benefits it can bring to millions of people in the developing world. In thanking you all for making this happen and for being here, I wish you a very successful conference. Kamalesh Sharma, Commonwealth Secretary-General

The Institute of Directors

The Worshipful Company of World Traders

The Institute of Directors is Europe's largest membership organisation for business leaders with 45,000 members through 44 regional branches across the UK and an international network that covers six continents including some countries who are members of the Commonwealth. Established in 1903, the IoD has been responsible for representing senior level professionals since its Royal Charter in 1906 earning its reputation as the business network for leadership. The IoD's highly regarded professional development programmes provide creative and flexible training opportunities and the IoD Chartered Director qualification is an exclusive and industry recognised qualification. The City of London Branch of the IoD was founded in 1981 by the late Sir Kenneth Cork who was Lord Mayor of the City in 1978-1979. It is one of the larger branches of the IoD with over 1,200 members. These range from directors of SMEs to directors of the largest City institutions as well as the partners of accountancy, legal and other professional firms in the City of London. Three quarters of the membership are in Banking, Finance, Insurance, Business Services and Leading sectors. Throughout the year the City Branch runs a lively business and social programme for its members and also members of its China Interest Group. With its international connections the IoD City of London Branch is pleased to partner with the World Traders Company on today's Seminar on Trade with the Commonwealth. Mr Neville Bain Chairman of Institute of Directors

It has been a privilege to make the Commonwealth the theme of my year as Master World Trader. I had the opportunity to join the Lord Mayor for part of his visit to South Africa. We have been fortunate to have the Secretary General and the Australian High Commissioner as speakers at Company events, and the Jamaican High Commissioner entertained a number of Company members at his mission. A unique grouping of 54 nations, from the smallest to the largest, the Commonwealth has much to contribute to the 21st century world. We need to correct the situation, shown in last year's Commonwealth Conversation, that the British are both the least aware and the least interested of the nations polled. The Commonwealth has a real relevance to Britain, and to the purposes of the Company. It is not a trading bloc but trade is significantly easier and cheaper between Commonwealth nations, and enhancing trade is a key path towards the economic growth of the poorer members. Today's seminar, focussing on the trading dimension, is the culmination of the Company's Commonwealth theme for the year. As the new Eminent Persons Group looking to the Commonwealth's future starts its work, and at a time when trading outside Europe is an important element in British economic recovery, this is a highly appropriate moment to hold such a discussion. Mr Michael Wren Master, The Worshipful Company of World Traders

Lord Howell

Minister of State, Foreign and Commonwealth Office The Rt Hon Lord David Howell was appointed Minister of State at the Foreign and Commonwealth Office on 14 May 2010. Lord Howell was made a life peer in 1997. He was Member of Parliament for Guildford from 1966 to 1997. Lord Howell was born in January 1936 and educated at Eton. From 1954 to 1956 he was in the Armed Forces in the 2nd Btn Coldstream Guards. He studied at King's College, Cambridge where he read Economics. His first job was in HM Treasury from 1959-60, before becoming a leader writer for the Daily Telegraph from 1960-64. He is the author of several books, including the best selling The Edge of Now, published in 2000. He has written regular columns for international newspapers including The Japan Times and the International Herald Tribune. He is married with two daughters and one son.

His Excellency Kamalesh Sharma

Commonwealth Secretary-General Since joining the Indian Foreign Service in 1965, Mr Sharma has served at ambassadorial level at five missions, including Indian High Commissioner to the United Kingdom. As Indian Permanent Representative to the United Nations in New York between 1997 and 2002, he was closely involved in the formulation of the Millennium Development Goals and the Monterrey Consensus on International Development. Both are now central to the international development policies of many developed countries. From 2002 to 2004, he was Special Representative of the United Nations SecretaryGeneral to Timor-Leste and helped to strengthen civil institutions in the aftermath of the country's independence from Indonesia. Throughout his diplomatic career he has been involved in multilateral issues and has led the Technical Cooperation Division in the Indian Ministry of External Affairs with a focus on capacity-building in developing nations. He is a fellow of Harvard University, a governor of the Ditchley Foundation and was a director of the International Peace Academy in New York Representing India at two Commonwealth Ministerial Action Group meetings in London in 2005 and a member of the Board of Governors of the Commonwealth Secretariat and the Commonwealth Foundation, he was closely involved in Commonwealth affairs before being appointed to his current position as SecretaryGeneral at the Commonwealth Heads of Government Meeting in Kampala, Uganda in 2007.

Alderman Nick Anstee

Lord Mayor of the City of London 2009/2010 Alderman Nick Anstee took office as the 682nd Lord Mayor of the City of London on Friday 13th November 2009. Brought up in the UK, Cyprus and the United States of America, Nick was educated at Stamford School and qualified as a Chartered Accountant in 1982. He completed an Executive Education Programme at INSEAD, the international business school in Fontainebleau, in 2000 and was awarded an honorary Corporate Finance qualification by the ICAEW in November 2006. Through a series of mergers, he joined the global professional services firm Arthur Andersen in 1994, becoming a Partner in its Corporate Finance practice and was responsible for the development of its private equity activity in the UK. He transferred to Deloitte when Andersen was acquired in 2002 and is now a Senior Director at the international law firm SJ Berwin. After initially specialising in corporate turnaround he has spent the majority of his career advising domestic and global companies on IPOs, mergers and acquisitions and private equity transactions, in both Europe and North America. In 1995, he was seconded to the Department of Transport advising on its privatisation programme. As Lord Mayor, Alderman Anstee has a wide variety of civic, livery and charitable events in addition to promoting the Square Mile as the world's leading international financial and business centre.

Patricia R. Francis

Executive Director, International Trade Centre Patricia R. Francis, an award-winning leader and business facilitator, joined the International Trade Centre (ITC) as Executive Director in June 2006. ITC, a joint agency of the United Nations and the World Trade Organization, enables small business export success in developing countries. At ITC, she has led a change process aimed at making the organization more outcome and impact oriented while better aligning it to the UN Millennium Development Goals. Prior to ITC Ms. Francis was President of Jamaica Trade and Invest and a member of Jamaica's Cabinet Committee for Development. During her tenure Jamaica attracted more than US$ 5 billion in foreign direct investment. She received awards for her leadership and support for investment and business advocacy from the United States and Spain.

`The modern Commonwealth, founded in 1949, has 54 member countries, of which 32 are classified as Small States with a population of 1.5 million or less. The Queen is Head of the Commonwealth and Head of State of 16 countries'


1330 1400 1410 1425 1440

Participants gather Welcome from the Master World Trader, Mr Michael Wren `Britain's Approach to the Commonwealth Today' The Rt Hon The Lord Howell of Guildford, Minister of State, FCO: `The Commonwealth Today' HE Kamalesh Sharma, Commonwealth Secretary-General: Session 1 : The Commonwealth Effect Chair: Alderman David Wootton, Chairman of IoD City of London Branch Commentary on `Global Growth and the Commonwealth' Professor Steve Godfrey, Managing Director, Commonwealth Business Council Updated Statistical Research on `The Commonwealth Effect' Dr Danny Sriskandarajah, Director, Royal Commonwealth Society, Question and Answer


`The City and the Commonwealth' The Rt Hon The Lord Mayor of The City of London, Alderman Nick Anstee Session 3: Finance for Business and Trade in the Commonwealth Chair: Dr Neville Bain, Chairman of the IoD


Speaker: Sir Malcolm Williamson, Chairman, The National Australia Bank Europe Panel: Mr Nish Kotecha, Chairman of TiE UK Mr Subbir Sikder, Proposed Commonwealth Development Bank Mr Eric Guichard, Chairman and CEO of GRAVITAS Capital Advisors, Inc Question and Answer 1750 Presentation by Westminster School Commonwealth Youth Ambassadors Chair: Panel: Miss Sarah Leonard, Teacher of Geography, Westminster School Mr Alexander Ballard Miss Charlotte Davies Mr Richard Howell Mr Charles Malton Mr Sacha Mehta Miss Alice Tusa Mr Benjamin Wessely Mr Michael Young Question and Answer 1815 Concluding Comments: Ms Patricia Francis, Executive Director, International Trade Centre, Geneva,and member of the Commonwealth Eminent Persons Group


Session 2: Issues Impacting on Intra-Commonwealth Trade Chair: Panel: Mr Derek Smail, Executive Chairman, African Media Investments Ltd. Mr Gregor MacKinnon, Commonwealth Business Council Mr Edwin Laurent, Head of International Trade and Regional Cooperation Section, Economic Affairs Division, Commonwealth Secretariat Question and Answer


Break for Refreshments

1830 - 2000 Networking Reception

David Wootton

David Wootton is a solicitor, a partner since 1979 in Allen & Overy LLP, the international law firm based in London. He specialises in corporate work, mergers and acquisitions, flotations, joint ventures and corporate governance. He advises companies of all sizes, public and private, both on transactions and on compliance with law and regulation. In particular he advises boards of directors on corporate governance, disclosure and compliance issues of all kinds, and on legal, regulatory and "best practice" developments as they arise. He was elected in March 2002 as a Common Councilman for Farringdon Within. In July 2005 he was elected Alderman for the Ward of Langbourn. He was in 2005-6 Master of the Worshipful Company of Fletchers. He is also a Liveryman and Court Assistant of the City of London Solicitors Company, a Liveryman of the Worshipful Company of Clockmakers and of the Worshipful Company of Glaziers and Painters of Glass, and a Freeman of the Worshipful Company of Bowyers and of the Worshipful Company of Information Technologists

Mr Derek Smail

Executive Chairman, African Media Investments Ltd. Born in the UK of New Zealand parents, Derek Smail has 40 years' media experience. A former owner of weekly newspapers in the UK including London-based newspapers catering for the New Zealand and South African expatriate communities, he has also been involved with newspapers in Botswana. Mr Smail is Executive Chairman of African Media Investments Ltd, which helped launch the Daily News in Zimbabwe in 1999. Although this respected market-leading newspaper was forced off the streets in September 2003, Mr Smail has been actively involved in efforts to ensure its imminent relaunch, which is widely considered to be an essential part of Zimbabwe's democratic transition. A member of the Commonwealth Media Group and the Commonwealth Organisations' Committee on Zimbabwe, he is also on the board of the Business Council for Africa, West and Southern. A keen advocate of the Commonwealth, Mr Smail is now involved in plans to establish the need for and possible role of a Commonwealth Development Bank.

Dr Danny Sriskandarajah

Born in Sri Lanka and a national of Australia, Danny Sriskandarajah became the Director of the Royal Commonwealth Society (RCS) in January 2009. Before joining the RCS, Dr Sriskandarajah spent five years at the Institute for Public Policy Research, the UK's largest independent policy think-tank, where he finished as Deputy Director and head of the institute's Migration, Equalities and Citizenship team. Dr Sriskandarajah is an established researcher and commentator on international migration, economic development, the political economy of conflict, and ethnic diversity. He has been an analyst for Oxford Analytica and has conducted primary research in several Commonwealth countries including Fiji, Jamaica, Malaysia, Mauritius, Trinidad & Tobago, and Sri Lanka. He has been a consultant to the UN's Global Commission on International Migration and the Global Development Network, writes regularly in BBC Online, The Financial Times and The Guardian; has given more than 500 broadcast interviews and has given evidence to committees of both houses of the UK Parliament, the Council of Europe and the UN General Assembly.

Mr Edwin Laurent

Head of International Trade and Regional Cooperation Section, Economic Affairs Division, Commonwealth Secretariat The Head of Trade and Regional Cooperation, since 2006, leads a research and advocacy team seeking to expand understanding of inter-linkages between trade and development, whilst providing trade policy and capacity building advice. He helped modernise St Lucia's insurance regulation and was appointed Permanent Secretary, Ministry of Trade, fostering a constructive and collaborative relationship with the private sector. He was posted to London as a diplomat, later becoming Permanent Representative to the WTO and the FAO with subsequent responsibilities including Ambassadorships to France and Germany. His final diplomatic post was as the Windward Islands' Governments' Special Envoy to the EU. Afterwards he lectured in West and Central Africa on trade policy, EPAs and the WTO.

Professor Steve Godfrey

Managing Director, Commonwealth Business Council Managing Director of the Commonwealth Business Council (CBC). He has been a consultant to the British Department for International Development (DFID), the United Nations, World Bank, European Union, and numerous international NGOs and multinational companies. From 1993-98 he was Head of the Office of the Commonwealth Secretariat in South Africa, and represented the Commonwealth Secretary General. From 1990-92 he was Senior Policy Adviser to the Secretary of State for External Affairs, Canada and subsequently worked as an adviser to the President of the Queen's Privy Council during the 1992 constitutional referendum. He has an MA in Philosophy from Edinburgh University and is adjunct Professor in the School of Business at UCB Canada, and Fellow of the Royal Society for the Arts.

Gregor MacKinnon

Managing Director, Commonwealth Business Council Gregor MacKinnon joined the Commonwealth Business Council on its establishment in 1998. He is Managing Director responsible for Operations and is also Company Secretary. During his career, he has also held positions with the Commonwealth Secretariat, in the Political Affairs Division and General Technical Assistance Services Division. He started his career with the United Nations Development Programme field office in Haiti. He has an MA in International Affairs from the Norman Paterson School of International Affairs, Carleton University, Canada, and a BA in Political Science from McGill University, Canada.

`The Commonwealth has helped 79 African Caribbean and Pacific countries to assess the costs of implementing and adjusting to new trading agreements with the European Union (i.e. it doesn't just help its own members alone).'

Dr Neville Bain

Chairman, IoD He was born in New Zealand and has worked in various senior finance and general management international roles. His main career was with Cadbury Schweppes plc where for 27 years he occupied roles of finance director, commercial director and managing director in different countries. His final roles in that company were Managing Director of worldwide confectionery and finally Group Deputy CEO and Finance Director. He then joined Coats Viyella, an international textile, clothing and fashion company as CEO, where he stayed for five and a half years. Since 1990 Neville has had a portfolio of roles involving non-executive directorships and investments in businesses. Past posts have included directorships with The Royal Mail Group (chairman), Hogg Robinson Group (Chairman), and Scottish & Newcastle. Current roles are chairman of trustees Scottish & Newcastle Pension Fund, and Hogg Robinson's Pension Fund, Non-executive director of Biocon (an Indian based company engaged in producing pharmaceutical products and drug discovery), and a small Aim listed company in UK, Provexis. He is the author of four books covering general management, governance, and utilising people effectively. His latest publication `The Effective Director' the IoD's new book on best practice in the boardroom was launched in January 2008.

Mr Subbir Sikder

Proposed Commonwealth Development Bank Mr Subbir Sikder is a national of Bangladesh, who for many years lived and studied in Belgium, where he gained an MA in International Politics, Relations and Law, before doing an MBA in London and becoming a Fellow of the Chartered Institute of Management Accountants. Having worked with several development banks and financial institutions in South Asia, the Middle East and Europe, his special skill is infrastructure finance particularly related to Public Private Partnerships and Public Finance Initiatives. Mr Sikder is the Founder of the London Bank, which was registered in October 2007 and will be specialising in infrastructure finance and micro-banking when it starts operations in 2011. A strong supporter of the Commonwealth, he believes there is a need to research the existing development finance available throughout the Commonwealth. This will involve wide consultation to identify needs, gaps and opportunities, which will then decide the merits, role and relevance of establishing a Commonwealth Development Bank.

Mr Eric V Guichard

Chairman and CEO of GRAVITAS Capital Advisors, Inc Mr Eric Guichard is currently Chairman and founder of GRAVITAS Capital who create and manage innovative "Absolute Return" investment products. In 2009 Eric received a Risk Innovator Award in Finance from Risk & Insurance Magazine for his work on sovereign pension shortfalls. Prior to GRAVITAS Capital, Eric was Portfolio Manager at the World Bank where he served as technical adviser to sovereign and multilateral institutions worldwide. Eric serves on the boards of: the Center for Financial Policy (University of Maryland) - an academic think tank that generates policy papers on financial reform; The Opportunities Industrialization Centers - International - created by Rev. Leon H. Sullivan to encourage initiatives leading to economic self-reliance in Africa. Eric lectures internationally on Investment and Risk Management, Entrepreneurship, and on Corporate Strategy.

Sir Malcolm Williamson

Chairman, The National Australia Bank Europe Sir Malcolm worked for Barclays from 1957 to 1985, reaching the position of Regional General Manager, London. He was then a member of the Post Office board and Managing Director of Girobank PLC. In 1989, he joined Standard Chartered and became Group Chief Executive. In 1998, he moved to the USA as President and CEO of Visa International until 2004. Sir Malcolm's current non-executive roles are Chairman of National Australia Group Europe and Clydesdale Bank and Director of National Australia Bank. He is also Chairman of Friends Provident, Signet Jewelers, SAV Credit, Cass Business School's Strategy and Development Board and the Board of Trustees for The Prince's Youth Business International and Youth Business America. His past non-executive roles include Chairman of CDC Group, the Britannic Group and Deputy Chairman of Resolution. He was also a Director of G4S, JPMorgan Cazenove Holdings, National Grid and was a member of the Board of Trustees for the International Business Leaders Forum.

Mr Nish Kotecha

Chairman of TiE UK Nish is a corporate financier and has been a financial strategist for some 20 years. He is the founder and Principal of Sphere Partners, an Independent Corporate Advisory Boutique. Previously, Nish spent over 12 years at Lehman Brothers, JP Morgan and Barclays (BZW). Nish has been working in the field of Financial Inclusion and Education focussed on the population of the unbanked since 2005. He has created companies in India which are focussed on developing new efficient delivery models to provide financial services and products to those at the bottom of the pyramid. Nish is an Advisor Board Member of Accion (Washington). ACCION International's Frontier Investments Group is a double bottom line, venture equity fund focused on catalyzing a new approach to microfinance. Frontier Investments invests in new technologies and disruptive business models that can powerfully enhance the way financial services are delivered to the poor. Frontier Investments' vision is to bridge the gap between purely philanthropic and for-profit investing.

The Commonwealth promotes transparency, integrity and high ethical standards in governments by providing training, model anti-corruption legislation and stronger investigation and legal frameworks.

Westminster School Commonwealth Youth Ambassadors

In 2009 the Royal Commonwealth Society launched "The Commonwealth Conversation" to mark the 60th anniversary of the Commonwealth and to encourage a global dialogue on what the future may hold for the association. One of the findings that emerged was a desire to see young people taking a lead in shaping the future of the Commonwealth. Inspired by the active role of New Zealand youth during the "Conversation", Westminster School have appointed eight Westminster School Commonwealth Youth Ambassadors to: * help raise the profile of the Commonwealth with a renewed focus on principles, priorities and people * nurture a shared identity by developing an intra-Commonwealth link between young people in the UK and New Zealand To this end, they will be travelling throughout New Zealand in October this year discussing and debating the role and future of The Commonwealth with schools out there. They are supported in this initiative by the Commonwealth Secretariat, the Royal Commonwealth Society, the British High Commission in New Zealand and the New Zealand High Commission in the United Kingdom. The trip and project as a whole is being organized and coordinated by Miss Sarah Leonard, World Trader and Teacher of Geography at Westminster School.


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