IFC will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) in March 2014 to increase foreign investment in China and support the internationalization of the Chinese currency.
Corporate governance is a relatively new concept in Central Asia. But more and more executives are beginning to understand that good corporate governance makes companies more transparent, accountable, and trustworthy.
In an op-ed in the Jakarta Globe, IFC Manager for Indonesia, Sarvesh Suri, describes why companies should practice good corporate governance, as the country weathers the current period of economic volatility.
This paper argues that the social factors that have driven increased voluntary environmental, social, and governance (ESG) disclosure over the past three decades are sufficiently compelling to lead to mandated disclosure worldwide.
Corporate governance refers to the structures and processes for the direction and control of companies. Corporate governance concerns the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders. Good corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to outside capital.