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Corporate governance is defined as the structures and processes by which companies are directed and controlled.
Good corporate governance helps companies operate more efficiently, improve access to capital, mitigate risk, and safeguard against mismanagement. It makes companies more accountable and transparent to investors and gives them the tools to respond to stakeholder concerns.
Corporate governance also contributes to development. Increased access to capital encourages new investments, boosts economic growth, and provides employment opportunities.
IFC works with firms to attract and retain investment by promoting the adoption of good corporate governance practices and standards.
IFC’S CORPORATE GOVERNANCE IN NUMBERS:
IN FINANCING FACILITATED
DUE TO IMPROVED CG PRACTICES, $1.9 BILLION FROM IFC
- 16000+ FIRMS REACHED and 1300+ FIRMS REPORTING IMPROVED CG PRACTICES
- 35 DFIS HAVE ADOPTED THE CG DEVELOPMENT FRAMEWORK
LAWS, REGULATIONS AND CODES
ADOPTED OR IMPROVED
- 98 PARTNER INTERMEDIARIES NOW PROMOTE CG AND PROVIDE CG TRAINING AND OTHER SERVICES FOR FEES
IFC works with firms to attract and retain investment by promoting the adoption of good corporate governance practices and standards. More