iQor CEO Vikas Kapoor presented his views as a panel expert on corporate governance at the World Economic Forum's 2nd Annual Meeting of the New Champions 2008 in Tianjin, People's Republic of China. A global business process outsourcing company, iQor is backed by private equity firm Guggenheim Partners.

As part of a panel on "Picking the Perfect Board: Mission Impossible?", Kapoor spoke about how the right private equity partnership can lead to better corporate governance, tighter risk management and stronger performance. Kapoor argued that private-equity boards are more engaged, and have bigger financial incentives to steer the company correctly.

"If iQor is successful, our Board stands to make roughly ten times what a similar sized Board would make in a typical public company, and even if it is unsuccessful, the Board will make a fraction of their public counterparts," said Kapoor. "You get what you pay for, and it's clear that the investors in a lot of recently failed public companies are getting what they paid for!"

With funding from a private equity firm - Guggenheim Partners - Kapoor has orchestrated a dramatic turnaround of iQor. Today, iQor is a profitable, global business process outsourcing company with more than 8,000 employees worldwide.

Born in India, Vikas Kapoor is a well-respected business leader in the U.S. He heads one of the world's largest business process outsourcing companies and is a frequent speaker on globalization, technology and corporate turnaround management.

This year's "Summer Davos" brought together emerging multinational companies - the New Champions - that have the potential to reshape the global economic landscape. Under the theme "The Wave of Growth," CEOs of the New Champions engaged with a diverse group of the most important players shaping the future of business and the global agenda.