Abu Dhabi, United Arab Emirates,
March 18, 2009–IFC,
a member of the World Bank Group, announced today that it will work with
the Abu Dhabi Center for Corporate Governance and Hawkamah Institute for
Corporate Governance, to train journalists to more effectively cover business
stories, particularly those involving corporate governance issues.
IFC, the Institute, and Hawkamah will
bring together a number of regional media professionals from countries
in the Gulf Cooperation Council and Pakistan on March 18-19 in Abu Dhabi
for a training workshop that will provide tools, background and story ideas
for reporting on companies and stock exchanges. The workshop will be delivered
by the Thomson Reuters Foundation.
The training session comes as the recent
global financial crisis has highlighted the growing importance of corporate
governance in ensuring that companies duly manage risks and that outside
agents such as economic media have a key role to play in safeguarding the
interests of shareholders and stakeholders.
“Programs that enhance journalists’
knowledge and reporting techniques concerning corporate governance, transparency
and disclosure are vital to improving business practices because the media
play an important role in raising public awareness," said Amira El
Saeed, IFC Operations Officer.
Better corporate governance presents
opportunities for managing risks, adding value to companies, and contributing
more broadly to sustainable private sector investment in developing countries.
IFC has previously organized a series of economic media workshops on corporate
governance for Egyptian, Jordanian, Lebanese and Palestinian journalists.
IFC, a member of the World Bank Group,
creates opportunity for people to escape poverty and improve their lives.
We foster sustainable economic growth in developing countries by supporting
private sector development, mobilizing private capital, and providing advisory
and risk mitigation services to businesses and governments. Our new investments
totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous
year. For more information, visit www.ifc.org.