Better Companies,
Better Societies
IFC - Global Corporate Governance Forum
January 2009
Who We Are
 IFC multi-donor trust funded facility
↳ Founded in 1999 by World Bank Group and OECD
 Forum’s purpose:
↳ Promote global, regional and local CG reform initiatives
↳ Improve institutional framework for good corporate governance
↳ Facilitate improved CG practices in emerging markets
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Sequenced, Integrated Approach
CG Codes TK 1
Raising boardroom practices, setting
framework for enhanced standards
Director Institutions TK 2
Creating institutional capacity for
implementation of best practice
CG Leadership Resources TK 3
Providing material to facilitate
sustainable institutions, quality training
CG Mediation TK 4 [Due FY09]
Supporting business climate and
relieving legal system
Media TK 5 [Due FY10]
Facilitating extra regulatory market
oversight – JV with Thomson Reuters
Toolkits Provide “Best in Class”, Practical
Guidance – Building Institutional Capacity
3
TK
5
TK
4
TK
3
Boards
TK
6
TK
2
Companies
TK
7
Director Training
Organizations
TK
8
Toolkit
1
“Expert training
strengthens our
effectiveness in building
board directors’
professionalism.”
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Based on global best practices
Practical guidance
Solutions to meet local conditions
Peer networking
Focus: Guide sustainable
institution building
Participant,
Panama IOD Project
4
TK
6
TK
5
TK
4
Boards
TK
7
TK3
Companies
TK8
TK1
Toolkit
2
“The Forum’s expertise
and experiences provided
Bulgaria with practical,
relevant, insightful
counsel.”
Prof. Bistra Boeva
Co-Chair, Bulgaria CG Project
Corporate Governance
Codes
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Best of international practice
Clear, comprehensive guidelines
International expertise/PSAG
Supports policy reforms
Code Peer Review Group
Toolkit available in English,
French, Arabic, Spanish and is
currently being translated by
EBRD to Russian
 Focus: Facilitate better
boardroom practices, local
ownership of the process
5
TK 7
TK
6
TK
5
Boards
TK
8
TK
4
Companies
TK
1
Board Development
Resource Kit
TK
2
Toolkit 3
“This new approach in
adult learning and case
study development will
enhance my skills as a
trainer in educating
company directors.”
Participant,
CG Leadership Program for
East and Southern Africa
 Enhance directors’ business skills
 Engage directors in value-based
judgments, through challenging
boardroom dilemmas
 Innovative
• Adult-learning strategies
• Interactive through cases
• Audio-visual aids
 High level of global utility
 Focus: Strengthen director
training techniques
6
TK
7
TK
8
TK
6
Boards
TK
1
TK
5
Companies
TK
2
Corporate Governance
Mediation
TK
3
Toolkit
4
“I welcome the Forum’s
initiative to lead ground
breaking work on the
use of ADR in the field of
Corporate Governance.”
Mervyn King,
Former High Court Judge
South Africa
 New initiative
 Broad-based partnerships
 Release capital tied up in
disputes, encourage mediated
settlement
 Enforces good CG practice
 Supports shareholder protection
 Improves investor confidence
 Focus: Foster investment climate
and business practices
7
TK
1
TK
2
TK
8
Boards
TK
3
TK
TK
57
Companies
TK
4
Training for Financial
Journalists
TK
5
Toolkit
6
“Better informed
journalists make for
more insightful reporting
that benefits investors,
capital markets.”
 Vanguard for CG awareness
 Enhance understanding of CG
and financial reporting
 Practical training
 Exposure to leading journalists
 Partnership with Reuters
 Focus: Build understanding and
importance of CG, facilitate
better reporting
Participant,
Balkans Media Project
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Our Reform Approach
↳e.g., World Bank CG ROSC, OECD
Provide Leverage for CG Reform
↳e.g., IFC, World Bank, EDFI, EBRD, etc.
Build Expertise in CG Institutions
↳e.g., Accrediting Toolkit Use, Training Trainers
Support Local Capacity through TA
↳e.g., CG Experts, PSAG, Building Collaboration
Deploying Our Toolkits
Catalyst for Implementing CG Policy Reform
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Our Private Sector Advisory Group
 Makes us unique!
 Drawn from top echelons of business leadership
↳ Chaired by Peter Dey, with Christian Strenger as Deputy Chairman
↳ Includes experts from different parts of the world
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Provide guidance and counsel on our strategy
Bring practical, relevant business experience
Advise on new products, provide material for publications
Support Forum outreach and penetration globally
Only one part of expansive, global network of partners
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How to Work with us
 We are NOT a grant-making facility, instead we
finance technical support
 Our PSAG network
 Code peer review
 Flexible process
 We welcome new initiatives, but need enough
time to properly prepare
 We follow a partnership model
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Disseminating Best Practices
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Relevant to Developing Countries Undertaking Reforms
Identify Material that is Useful, Practical
Translation to Working Language
Focus
↳ In-depth assessments of policy issues
↳ Sharing experiences and knowledge
↳ Frameworks our wider mandate
 Private Sector Opinions
↳ Ten now issued to date
↳ Covers broad spectrum of issues
↳ Practical insights drawn from PSAG
 Website (www.gcgf.org)
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THANK YOU
Hassan El-Shabrawishi
Global Corporate Governance Forum
Telephone +1 202 458 9521
helshabrawishi@ifc.org
www.gcgf.org
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