A key factor in people’s decision to work with any business is whether they trust that they will obtain a fair share of the returns for their investment, labor or expertise.
IFC’s Southeast Europe Corporate Governance Project aims to enhance the trust between our client companies and their stakeholders by helping them create an environment based on the principles of responsibility and accountability, openness, transparency, performance evaluation and commitment through:
Awareness Raising:
The project will assist shareholders, managers, board members and other stakeholders across Southeast Europe to understand better their rights and responsibilities. That will be achieved through the organization of stakeholder events, printing of publications and cooperation with media.
Seminars:
The project organizes, or supports organization of, seminars for shareholders, managers, board members and corporate secretaries to familiarize them with corporate governance best practices.
Common topics discussed at these seminars include:
· Shareholder (ownership and governance) rights;
· Transparency, financial and non-financial disclosure;
· Corporate structures; company boards and oversight functions;
· Special topics, including: corporate governance and listing requirements.
A more comprehensive list of topics can be found here.
Consultations with companies:
The project offers consultations to board members, management, lawyers and financial experts of joint stock companies. These companies can later apply for a deeper corporate governance intervention depending on their needs, willingness and commitment to improve their corporate governance practices.
In-company interventions:
The project also offers extensive in-company interventions. Companies will be selected from industries with strong growth potential and prospect of contributing to the economic prosperity of the region or a particular country.
In addition, companies must show interest in improving their corporate governance practices and demonstrate their capacity to absorb assistance and investment.
Strengthening corporate governance with focused and integrated training and consulting programs will assist companies’ restructuring efforts making them more accountable and responsive to stakeholder interests and, as a result, more profitable.
The in-company training and consulting will follow IFC’s proven Corporate Governance Methodology adjusted to local conditions.
Fees:
Seminars, consultations and in-company interventions carry a fee that will help cover a part of project’s costs. These fees are agreed upon with clients in advance and are set to reflect local market conditions.
The International Finance Corporation is charging fees to ensure that:
· Demand for high-quality local services is created and sustained
· Clients demonstrate commitment and willingness to work with IFC
Related documents:
· Building Director Training Organizations
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