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Washington, D.C., August 21, 2008
—The IFC Global Corporate Governance Forum is rolling out an innovative resource for trainers to help teach board directors about the value of corporate governance and inspire them to implement best practices in their companies.
The Corporate Governance Board Leadership Training Resources Kit provides a comprehensive set of materials and learning tools aimed at enhancing the role that directors play in their boards. It also provides approaches that they can use to ensure that boards and managers adhere to best practices. The emphasis throughout the training is on developing leadership and analytical skills.
“Our challenge is to help board directors understand the value of corporate governance, enabling them to become agents of change,” said Philip Armstrong, head of the IFC Global Corporate Governance Forum. “By training the trainers, we can multiply our impact in advancing corporate governance.”
The resources kit has a unique emphasis on training that maximizes the learning experience. Each module is designed to provoke discussion and debate and uses interactive strategies to enrich training for adult learners. By encouraging participants to draw on personal experiences, their development is reinforced by sharing knowledge and board room practices in a way that addresses the challenges that many directors face.
“The new resource kit is demand driven,” said Ghita Alderman, the project leader. “We are addressing a tremendous need for materials that help strengthen and expand training programs on corporate governance and show how to integrate standards into decision-making processes.”
The kit comprises user and training guides, five curriculum modules, a case study that traces the evolution of a hypothetical company as it considers corporate governance reforms, and CD-ROMs with all of the content.
IFC Global Corporate Governance Forum began its worldwide rollout of the new product in Bangladesh, India, and Abu Dhabi. Through the multiday sessions, experienced trainers learn how to use the resources kit, while strengthening their skills for conducting interactive training sessions that seek to replicate the board room environment.
About IFC
IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit
www.ifc.org
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The IFC Global Corporate Governance Forum is a multidonor trust fund facility, cofounded by the World Bank and the Organization for Economic Co-operation and Development in 1999. The forum aims to promote the private sector as an engine of growth, reduce the vulnerability of developing and transition economies to financial crisis, and provide incentives for corporations to invest and perform efficiently in a socially responsible manner. It sponsors regional and local initiatives that address the corporate governance weaknesses of middle- and low-income countries in the context of broader national or regional economic reform programs. Donors include IFC and the governments of Canada, France, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland. For more information, visit
www.gcgf.org
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