In Turkey, less than one of every eight firms (11.7 percent) has at least one woman on its board. Compare this to an Eastern Europe average of 18.7 percent and a developed world average of 17.3 percent.
IFC and a Myanmar business federation signed a cooperation agreement in February to help Myanmar companies improve their corporate governance practices and their ability to attract more foreign capital.
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.