Corporate Governance Development Framework

Since 2011, the Corporate Governance Development Framework provides a common approach to corporate governance due diligence. 


IFC’s Corporate Governance Methodology has been distilled into the Corporate Governance Development Framework, providing signatory development finance institutions (DFIs) with a common approach to evaluate and enhance governance practices in their investee companies. The Framework facilitates corporate governance due diligence activities when DFIs are co-investors and provides a common reference to engage with client companies and investors in emerging markets on corporate governance issues.

Under the Corporate Governance Development Framework Agreement, the signatories undertake to:

  • Integrate corporate governance in investment operations
  • Adopt corporate governance procedures and tools to implement the Framework’s methodology
  • Conduct corporate governance assessments and develop action plans when appropriate
  • Monitor the implementation of corporate governance action plans
  • Assign responsibility for the implementation of the Framework
  • Make training available to build staff capacity and knowledge
  • Collaborate and share knowledge with other signatories
  • Report annually to the signatories on the implementation of the Framework

Since its inception, IFC has been a member of the Working Group, guiding and contributing to the Framework’s implementation. 


35 signatory DFIs across emerging markets with more than $940 billion in total assets have adopted the Framework