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Washington, D.C., October 30, 2012
—IFC, a member of the World Bank Group, today launched a media guide aimed at helping business journalists report on corporate governance and raise public awareness of the impact it has on businesses, shareholders, and the broader community of stakeholders.
“
Who’s Running the Company: A Guide to Reporting on Corporate Governance
,”
will help journalists develop clear and compelling stories that examine how a company is governed. It was produced by IFC’s Global Corporate Governance Forum in partnership with the International Center for Journalists. Topics include the media’s role in reporting on corporate governance, how a board of directors functions, what financial reports reveal, and how to track down information that sheds light on a company’s performance.
In an era of rapid globalization and volatility, entire economies can depend on how individual businesses are governed.
“The recent financial crises have elevated the importance of good corporate governance,” said William Bulmer, Director of IFC’s Environment, Social, and Governance Department. “There is a clear connection between well-governed companies and better company performance, with benefits such as easier access to finance, improved efficiency, and enhanced market reputation. This media guide aims to support a better understanding of corporate governance, thereby helping promote much better communications on this important topic.”
John Plender, contributing editor for the Financial Times and a member of the Forum’s private sector advisory group, said: “Corporate governance is at the heart of what goes right and wrong in business. Understanding it is vital for good business journalism. This media guide, with its highly relevant case studies, is an invaluable tool for increasing understanding of governance and enhancing the quality of reporting on the corporate sector.”
IFC’s Global Corporate Governance Forum launched its Media Training Program in 2007 to support journalists' ability to report on corporate governance. Since then, the program has delivered a series of training workshops around the world, developed and conducted in partnership with the Thomson Reuters Foundation, the Agence France-Presse Foundation, and the International Center for Journalists.
The Swiss State Secretariat for Economic Affairs (SECO), the Norwegian Ministry of Foreign Affairs, and the Ministry of Finance of Luxembourg supported the production of this media guide.
The guide is available in interactive format at ICFJ’s website,
www.icfj.org
or available for download at
www.gcgf.org
.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
.
About ICFJ
ICFJ advances quality journalism worldwide. Our hands-on programs combine the best professional practices with new technologies. We believe that responsible journalism empowers citizens and holds governments accountable. For more information, visit
www.icfj.org
.
For more information about IFC’s Global Corporate Governance Forum, visit
www.gcgf.org
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