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PBEC ȸÀå ¼ö¶ô¿¬¼³¹®
My dear PBEC Colleagues, distinguished
guests, ladies and gentlemen, the Board of directors graciously
elected me as the new chairman of PBEC on its meeting last Sunday.
While I am deeply honored and grateful for the confidence shown in
me, I believe my election is in recognition of the contribution made
by the members of the Korean Member Committee.
I am awed by the responsibility that
goes with the office of PBEC chairman. In its 35th year, PBEC has a
long history of distinguished accomplishments, which we are
rightfully proud of. On many issues of grave concern such as the
environment and challenges of cultural and economic divides, PBEC
has been a leader. It is my intention to carry on the work my
illustrious predecessors have so ably undertaken.
PBEC is confronting mounting
challenges. When PBEC was founded in 1967, it was the only
organization representing businesses of the Pacific Basin. Today
there are many organizations with overlapping objectives and similar
activities. The unique structure of PBEC with its member committees
was an efficient one as long as all the constituent committees were
effective. Over the years, however, this has changed. Since the
Asian financial crisis of 1997, all our member economies and
constituent companies have undergone pressure on how they expend
their time and resources. These factors together took much of the
wind out of the sails of PBEC. Clearly we lost some of our earlier
exuberance.
While many forecasts are now
projecting resumption of growth, the more fundamental challenges to
PBEC remain. Other organizations vie for the attention and resources
of our members. The competitive pressure of the globalized market
continues to mount. Some of our member committees are not able
to maintain their members, let alone grow. And we have some member
committees that are virtually dormant.
The question then arises, why PBEC?
PBEC was founded to promote better environment for business
and to promote the welfare of our members. Since its inception in
1967, PBEC has sought to promote environmentally responsible
economic growth, and free and open trade. But the salient question
we need to ask is what is the role that PBEC alone can fill or is
better suited to fill than any other organization?
PBEC is unique in that it is a purely
private council of businesses. Other institutions, under
governmental auspices either in part or in whole, may be better
funded, but they cannot represent the private initiative. They lack
the inherent strength that exclusively belongs to private
initiative. Today the destiny of mankind is increasingly driven not
by governments or any other institutions, but by private business
initiatives. PBEC is the only institution with the authoritative
voice of private businesses of twenty economies in the region. This
is a unique value and an important resource not only for ourselves
but also for the community at large that we must protect and
nurture.
As an arena for businesses to expand
their opportunities, there is no better vehicle than a private
council of businesses free of external influence. In this regard we
have not even begun to tap the potential, but the opportunities are
there for us to capture and exploit. Thus, I affirm to you my
unflinching faith in the cause of PBEC, my unwavering commitment to
ensure that PBECs voice is heard more loudly than ever
before.
The stark reality of the current state
at PBEC, however, is not as glowing as its mission would indicate.
Although the world has changed immeasurably since the founding of
PBEC in 1967, we must acknowledge that PBEC has remained virtually
unchanged. This is truly remarkable; given the fact that none
of our companies could have survived, if we were still doing
business today in the same way we did business in 1967.
This lack of adaptability and evolution on the part of
PBEC has undoubtedly contributed significantly to the dire straits
we find ourselves in today. A broad consensus has emerged
during the course of our deliberations here in Kuala Lumpur that
business as usual is no longer an option for PBEC.
I am very pleased to announce that the
PBEC Board of Directors has approved and established an
Implementation Committee to restructure PBEC which, if successfully
completed, I believe will ensure that the next 35 years of PBEC are
even more successful than our first 35 years. I would like to
congratulate the board for its vision in taking this much-needed
step. In effect, I believe that PBEC has taken the first step
to re-find itself.
If the work of the Implementation
Committee is successfully completed, PBEC will become a much more
focused and elite organization. We will become a less
bureaucratic and more dynamic organization. It will form a platform
of influence. The new revitalized PBEC will ask much more of its
members we will ask you to take ownership in the organization
and to invest yourself in the success of PBEC. Ultimately the
strength of PBEC will be derived from the value it offers to the
members and so we must enhance the value PBEC offers. Our policy
voice will be sharpened and amplified. We will speak out more
forcefully and more timely on important issues of our time. Our
pronouncement will be recognized throughout the world as the true
voice of business in the Pacific.
Change is never easy. The old
format of PBEC served us very well for many, many years. But
time has changed and so must we. I believe it is in the spirit of
our founders, that we take this bold step today, to ensure our
future relevance and our continued viability.
As an incoming chairman, the one
promise I will make is this: I will do my best to get PBEC moving
FORWARD. We must make our effort a worthy endeavor or not at all.
Its time for a fundamental change of direction. With a new
beginning, we must start moving PBEC toward the grandeur it rightly
should have. I will dedicate myself to that goal and I ask for your
selfless support. I am firmly convinced that you all want it, and
with your help I think we can do it.
Before I close my remarks, I would
like thank our international officers whose terms end today or ended
a short while ago by resignations; Chairman Kosaku Inaba, Chairman
Emeritus Helmut Sohmen, Vice Chairman Javier Prieto, and former
Treasurer Ken Matchett. Each of them made enormous personal
sacrifices and contributions to PBEC. I have always enjoyed working
with them.
Finally, I would like to add my
sincere thanks to all those who worked so hard to make this IGM such
a success. But above all I thank our registered guests whose
presence here and whose support for PBEC is where the strength of
PBEC comes from. I hope all of you will come to Seoul next year
bringing more of your friends along the way. Our success of Seoul
IGM is critically important for the continued success of
PBEC.
Thank
you. |