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Transparent Corporate Governance Vital For Stable Finance Markets

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Secretary of State Hillary Rodham Clinton yesterday emphasized that transparency in governance is vital for sustainable economic growth.

Secretary Clinton addressed the first annual meeting of the Baltic Institute of Corporate Governance, that honored Prime Minister Kubilius of Lithuania and Prime Minister Dombrovskis of Latvia for their efforts to reform state-owned enterprises and build vibrant 21st century economies.

Stable finance markets lead to sustainable economic growth, prevents corruption and helps attract the business and investment required to make economies grow, Secretary Clinto said.

"The transformation of the Baltic region over the past two decades is remarkable. You have shown a commitment to democracy and expanding economic opportunities that is transforming your communities and your countries."

In praising the two Prime Ministers, Secretary Clinton said their work to reform state-owned enterprises sends a strong message across the region about the importance of transparency and accountability.

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