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
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),
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 www.ifc.org