Family Business Governance: Examples from Egypt and Colombia
This is the story of two family businesses - in Colombia and Egypt - that show the people and policies behind their longevity and success. Family businesses are the oldest and still most prevalent form of business in the world. In many countries, family businesses represent up to 70% of the economy and play a big role in employment, growth, and quality of life. But most family businesses ultimately fail: about 95% do not survive the third generation of ownership.
IFC Pakistan Corporate Governance Project: Impacting the Pyramid from Top to Bottom
IFC has been a key player in changing the Corporate Governance landscape in Pakistan by working with firms and stakeholders to improve awareness, provide training and promote investment. The Pakistan Institute of Corporate Governance (PICG) was initiated as a training and capacity building institute.
Казахстан: Повышая Уровень Корпоративного Управления в Компаниях
Corporate governance is a new concept in Central Asia. Executives understand that good corporate governance makes companies more transparent, accountable, and trustworthy, especially in their relationships with investors and business partners. Amina Turgulova, a spokesperson for Kazakhstan’s stock market, says investors have the right to know how a company is governed and if corporate governance requirements are followed.
In Kazakhstan: Governing and Managing Better Corporations
Corporate governance is a relatively new, but growing, concept in the offices of Central Asia. With IFC's support, more companies across Kazakhstan are adopting international standards in corporate governance as part of IFC's commitment to developing the private sector.
Problems that affect companies’ business administration may negatively impact or delay business if they are not settled quickly and efficiently. Mediation satisfies parties' interests and does not impose a solution on any of them, which makes it an efficient and transformative solution for small and medium enterprises. Working with a mediator is confidential and helps unlock capital that is tied up in courts without going through costly and long legal processes.
Women make up more than half of Indonesia's workforce, yet only six percent of them have made it as board directors of listed companies. This figure is in line with the average percentage of women directors in Asian countries (at six percent) but is well below the European average of 17 percent and the U.S. average of 15 percent.
Phil Armstrong, Head at the Global Corporate Governance Forum, discusses the Quality in Governance. Corporate Governance is not only about compliance or regulatory driven agenda but it is about the quality of the processes that are used to validate it.
The Term Independent Director Can Actually Be Misleading
André Covre, chief financial officer and investor relations officer for Ultrapar (Brazil) summarizes the discussion on Board Independence at the 2011 Latin American Companies Circle. The Companies Circle is supported by IFC, the OECD, and the Global Corporate Governance Forum. Established in 2005, it quickly earned a reputation as one of the region's most vibrant and effective advocates for good corporate governance.
Companies Circle Allows Directors and CEOs to Learn from Each Other
Sandra Guerra explains what makes the Latin American Companies Circle important for the region, and beneficial for the member companies. The Companies Circle is supported by IFC, the OECD, and the Global Corporate Governance Forum. Established in 2005, it quickly earned a reputation as one of the region's most vibrant and effective advocates for good corporate governance.
Board Evaluations: Surprising Survey Results from Latin America
Giselia da Silva discusses the growing number of board evaluations among the members of the Latin American Companies Circle. The Companies Circle is supported by IFC, the OECD, and the Global Corporate Governance Forum. Established in 2005, it quickly earned a reputation as one of the region's most vibrant and effective advocates for good corporate governance.
Phil Armstrong, Head at the Global Corporate Governance Forum, dropped by the Critical Research Laboratory in Law and Society at Osgoode Hall to discuss corporate governance with Sumaiya Sharmeen of the Osgoode Society for Corporate Governance.