Private Sector Opinion 35: A company in distress demands special attention from its board of directors to help steer the enterprise into calmer waters. In addition, in such turbulent times, the board and its fiduciary duties are often put to test by disgruntled shareholders and creditors looking to recover their investments or loans.
Publish Date: 1/29/15
This paper describes key steps that boards can take to mitigate the impact of disputes—and, even better, to minimize the risk of disputes arising in the first place. It deals with the board as a collective body that needs to cultivate its ability to manage disputes effectively—starting by establishing good corporate governance policies and practices.
This publication focuses on the governance of the subsidiaries of banking groups, with particular emphasis on cross-border bank subsidiaries. It encourages supervisors to adapt their approaches to fit market realities and to be more aware of the incentives for good governance. It also emphasizes the importance of proportionate and risk-driven approaches to supervision.
This is a Ukranian translation of the IFC Family Business Governance Handbook, which is a concise and practical description of essential family business governance components and suggested approaches to resolving common family business governance dilemmas.
Publish Date: 10/27/14
This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It covers the key elements of corporate governance, including legal and regulatory framework, state ownership arrangements, performance management systems, financial and fiscal discipline, boards of directors, transparency and disclosure, and protection of shareholders in mixed ownership companies.
Publish Date: 10/4/14
The 16th issue features an interview with Professor Igor Filatotchev from Sir John Cass Business School, City University in London. Prof. Filatotchev highlights the importance of corporate governance in attracting foreign investors. The 5th International Conference on Corporate Governance in Emerging Markets will be held on August 28-29, 2015 at the Stellenbosch Institute for Advanced Studies in Stellenbosch, South Africa.
Publish Date: 10/2/14
This paper provides an account of the Emerging Markets Corporate Governance Research Network (EMCGN) and its first 10 years of activities. It describes the history of the EMCGN, its objectives, structure, and modalities.
A joint project of Centre for Effective Dispute Resolution and the Corporate Governance Group of the IFC explores the causes, nature, and methods of resolving corporate governance disputes. As part of this project, CEDR and IFC carried out a global survey of 191 directors and board members (including IFC Nominee Directors and members of the Private Sector Advisory Group) to find out about their experiences with and attitudes toward boardroom disputes.
Codes and Scorecards encourage private sector commitment to good corporate governance, provide clearer guidance for financial and nonfinancial disclosure, foster better engagement of minority shareholders, and clarify the roles of managers and directors. They provide a way to assess companies’ governance practices and providing opportunities for systematic improvement.
Publish Date: 5/30/14
This publication is a supplement to IFC’s Toolkit 2: Developing Corporate Governance Codes of Best Practice and it provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard.
Publish Date: 5/30/14
The Fourth International Conference on Corporate Governance (CG) in Emerging Markets was organized by the IFC Global Corporate Governance Forum , the Indian School of Business (ISB), and the Indira Gandhi Institute of Development Research (IGIDR).
Building capacity of business journalists on corporate governance reporting and raising public awareness of the impact it has on businesses, shareholders, and the broader community of stakeholders.
Publish Date: 5/12/14
The 15th issue features pieces on state ownership in India, board structure in Vietnam, ESG issues in Mexico, Indonesia, Nigeria and Turkey, and governance of US-Listed Chinese Companies. An interview with Prof. Bernard Black, Nicholas D. Chabraja Professor at Northwestern University School of Law and Kellogg School of Management is highlighted, where he underlines why and how transparency and disclosure matter in the emerging markets.
Publish Date: 5/7/14
Private Sector Opinion 33: This paper sets forth some key lessons learned about board assessment, primarily in the United States and the United Kingdom, and explores how that learning may apply to board assessment opportunities around the world.
Only 20% of firms in Eastern Europe and Central Asia have female top managers. IFC’s Corporate Governance Program in ECA promotes the business case for good CG practices and emphasizes business benefits of gender diversity on boards.
Publish Date: 4/23/14