Certification programs trigger debates among corporate governance experts: some are strongly against it, saying nothing can replace real boardroom experience, while others see it as a valid method for improving the knowledge and skills of directors. In April 2013, we raised this question with over 70 director training organizations to better understand the benefits and challenges of certification and to compare experiences.
This SmartLesson sets out some points to consider when engaging with a long-term partner in a capacity-building program - and some ideas on measuring whether capacity is being effectively built.
Publish Date: 12/16/13
In 2010 the Brazilian Institute of Corporate Governance (IBGC) reached out to IFC’s Global Corporate Governance Forum for support in its South-South collaboration project with Mozambique. Initially envisioned as a short series of training workshops, the project evolved into a long-term partnership that benefited all parties and provided some valuable lessons on how to make such South-South collaboration work.
Publish Date: 5/30/13
Boards will inevitably confront disputes involving corporate governance issues that they often are ill-equipped to resolve. Yet few directors see the need to learn about alternative dispute resolution approaches - until they end up with a ineffective board or costly and destructive litigation. For the enterprising corporate governance capacity-building organization, there is a market for helping directors acquire necessary skills and knowledge to manage intense deliberations and conflict.
Publish Date: 4/15/13
The Azerbaijan Corporate Governance Project worked to improve corporate governance practices in Azerbaijani companies and commercial banks, and to strengthen the relevant regulatory framework for corporate governance. The project is an excellent example of the strength in leveraging global-local partnerships, and of a collaborative use of different advisory services products.
Publish Date: 7/9/12
Lessons Learned. The global financial crisis exposed weaknesses in banks' corporate governance systems. To help banks address risk management problems and to mitigate future systemic banking crises, the Forum launched the Financial Markets Recovery Project.
Publish Date: 6/1/11
Lessons Learned. In 2009, a handful of dedicated volunteers, with the aid of a few well-placed connections, sparked a movement that led to creation of the Baltic Institute of Corporate Governance (BICG) and its world-class deliverables.
Publish Date: 5/15/11
Lessons Learned. Scorecards have been adopted by companies, investors, and regulators in many emerging market and developing countries. They serve as a solution for investors and analysts to assess the quality of a company's governance.
Publish Date: 3/15/11
Lessons Learned. This paper aims to help business journalists track down corporate governance stories, ask the right questions to uncover critical information, and explain complex subjects to the public.
Publish Date: 10/15/10
Lessons Learned. Too often, board directors have the business acumen but lack a deep comprehension of corporate governance or the leadership skills required to reform policies, practices, and behaviors that can undermine a company’s performance.
Publish Date: 6/15/10
Lessons Learned. An independent evaluation report supports the Forum’s plans to strengthen its global “knowledge management platform,” building on the “lessons learned” from the Forum’s targeted, practical initiatives.
Publish Date: 5/15/10
SmartLesson. The Training Resources Kit focuses on strengthening skills of corporate governance trainers, who, in turn, would work directly with company directors and members of governing bodies.
Publish Date: 1/15/10
Lessons Learned. The article explains how the Forum has been forging the partnerships in India for local institutions to leverage their resources to build capacity, broaden awareness, and achieve progress in gaining broad acceptance by businesses for corporate governance best practices.
Publish Date: 10/15/09
Lessons Learned. The article demonstrates how the Forum helps Bangladesh Enterprise Institute (BEI) to leverage global expertise and advocate its programs among different private sector shareholders and regulators.
Publish Date: 8/15/09