Nairobi, Kenya. April 26, 2016 – IFC, a member of the World Bank Group, launched a training session on Enterprise Risk Governance with the Center for Risk Management Study (CRMS Global) and Strathmore University of Kenya. Held over two days in April, the class will inform participants on corporate governance and risk management practices.
The class is the first of a series of Master Classes that the three institutions intend to offer to specifically members of corporate boards and graduate students in Kenya. Each class will feature case studies and learning exercises to foster better understanding of corporate governance and risk management issues.
Prof. Izael Da Silva, Ag. Deputy Vice Chancellor, Research at Strathmore University said, “By launching these classes, Strathmore University, IFC and CRMS Global aim to support current and future business leaders and entrepreneurs in improving the welfare of the society.”
Dr. Antonius Alijoyo, Principal of CRMS Global said, “Given the increasing volatility of our economy and the emergence of new type of risks, the Master Class provides corporate leaders an opportunity to learn the principles of good corporate governance and its integration with risk management.
Participants of the Master Class will be eligible to obtain a Certified ERG Professional designation from the Enterprise Risk Management Academy– a global partner of CRMS’ professional certification program.
Stefan Handoyo, Corporate Governance Officer for IFC’s East Africa Corporate Governance Program, said “Our cooperation with CRMS Global and Strathmore University in this training program is timely as Kenya and East Africa region are attracting more foreign investors, who will scrutinize how board members govern their companies and manage risk, before they put their money in. The masterclasses will enable corporate leaders to learn from best practices in other countries, helping make African companies more competitive.
IFC works with the private sector in developing countries to build sustainable businesses by putting in place corporate governance practices that allow businesses to mitigate risk, safeguard against mismanagement, and attract the investment and capital that will fuel their growth.
IFC’s Africa Corporate Governance Program improves the performance of businesses by helping them adopt good corporate governance practices and standards that reflect regional priorities. The program is funded by the State Secretariat for Economic Affairs (SECO), Switzerland.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise and influence to create opportunity where it is needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit