Better Companies, Better Societies

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Better Companies,Better Societies

• IFC - Global Corporate Governance Forum

January 2009
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Who We Are

• IFC multi-donor trust funded facility
• Founded in 1999 by World Bank Group and OECD
• Forums purpose
• Promote global, regional and local CG reform
  initiatives
• Improve institutional framework for good
  corporate governance
• Facilitate improved CG practices in emerging
  markets

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Sequenced, Integrated Approach
CG Codes TK 1 Raising boardroom practices,
setting framework for enhanced standards
Director Institutions TK 2 Creating institutional
capacity for implementation of best practice
CG Leadership Resources TK 3 Providing material
to facilitate sustainable institutions, quality
training
CG Mediation TK 4 Due FY09 Supporting business
climate and relieving legal system
Media TK 5 Due FY10 Facilitating extra
regulatory market oversight JV with Thomson
Reuters
Toolkits Provide Best in Class, Practical
Guidance Building Institutional Capacity
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Director Training Organizations

• Based on global best practices
• Practical guidance
• Solutions to meet local conditions
• Peer networking
• Focus Guide sustainable institution building

Expert training strengthens our effectiveness in
building board directors professionalism.
Participant, Panama IOD Project
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Corporate Governance Codes

• Best of international practice
• Clear, comprehensive guidelines
• International expertise/PSAG
• Supports policy reforms
• Code Peer Review Group
• Toolkit available in English, French, Arabic,
  Spanish and is currently being translated by EBRD
  to Russian
• Focus Facilitate better boardroom practices,
  local ownership of the process

The Forums expertise and experiences provided
Bulgaria with practical, relevant, insightful
counsel. Prof. Bistra Boeva Co-Chair, Bulgaria
CG Project

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Board Development Resource Kit

• Enhance directors business skills
• Engage directors in value-based judgments,
  through challenging boardroom dilemmas
• Innovative
• Adult-learning strategies
• Interactive through cases
• Audio-visual aids
• High level of global utility
• Focus Strengthen director
• training techniques

This new approach in adult learning and case
study development will enhance my skills as a
trainer in educating company directors.
Participant, CG Leadership Program for East and
Southern Africa

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Corporate Governance Mediation

• New initiative
• Broad-based partnerships
• Release capital tied up in disputes, encourage
  mediated settlement
• Enforces good CG practice
• Supports shareholder protection
• Improves investor confidence
• Focus Foster investment climate and business
  practices

I welcome the Forums initiative to lead ground
breaking work on the use of ADR in the field of
Corporate Governance. Mervyn King, Former High
Court Judge South Africa
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Training for Financial Journalists

• Vanguard for CG awareness
• Enhance understanding of CG and financial
  reporting
• Practical training
• Exposure to leading journalists
• Partnership with Reuters
• Focus Build understanding and importance of CG,
  facilitate better reporting

Better informed journalists make for more
insightful reporting that benefits investors,
capital markets. Participant, Balkans Media
Project
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Our Reform Approach
Deploying Our Toolkits

• Catalyst for Implementing CG Policy Reform
• e.g., World Bank CG ROSC, OECD

• Provide Leverage for CG Reform
• e.g., IFC, World Bank, EDFI, EBRD, etc.

• Build Expertise in CG Institutions
• e.g., Accrediting Toolkit Use, Training Trainers

• Support Local Capacity through TA
• e.g., CG Experts, PSAG, Building Collaboration

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Our Private Sector Advisory Group

• Makes us unique!
• Drawn from top echelons of business leadership
• Chaired by Peter Dey, with Christian Strenger as
  Deputy Chairman
• Includes experts from different parts of the
  world
• Provide guidance and counsel on our strategy
• Bring practical, relevant business experience
• Advise on new products, provide material for
  publications
• Support Forum outreach and penetration globally
• Only one part of expansive, global network of
  partners

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How to Work with us

• We are NOT a grant-making facility, instead we
  finance technical support
• Our PSAG network
• Code peer review
• Flexible process
• We welcome new initiatives, but need enough time
  to properly prepare
• We follow a partnership model

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Disseminating Best Practices

• Relevant to Developing Countries Undertaking
  Reforms
• Identify Material that is Useful, Practical
• Translation to Working Language
• Focus
• In-depth assessments of policy issues
• Sharing experiences and knowledge
• Frameworks our wider mandate
• Private Sector Opinions
• Ten now issued to date
• Covers broad spectrum of issues
• Practical insights drawn from PSAG
• Website (www.gcgf.org)

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THANK YOU
Hassan El-Shabrawishi Global Corporate Governance
Forum Telephone [phone] helshabrawishi_at_ifc
.org www.gcgf.org