Freetown, Sierra Leone. May 16, 2017
– IFC a member of the World Bank Group, and the Institute of Chartered
Accountants of Sierra Leone are working together to deepen the pool of
board members within the business community capable of serving on company
board of directors. Competent board members with diverse expertise will
boost business performance, and help grow Sierra Leone’s economy.
As part of the partnership IFC and ICASL today opened the first Corporate
Governance Board Leadership Training of Trainers Program in Sierra Leone.
The three-day event, facilitated by IFC experts and trainers, brings together
seasoned trainers with the purpose of equipping them with skills and resources
to provide specialized Corporate Governance training to Company Board members
and decision makers.
Buffy Bailor, President, ICASL, said, “As an independent standard setting
and monitoring body for the accounting profession in Sierra Leone, ICASL
seeks to mitigate risk for businesses by helping them strengthen their
regulatory framework and support good corporate governance practices. Today’s
train the trainers event supported by IFC, will help us build a wider pool
of competent trainers who will develop the capacity of Board members in
adapting good corporate governance practices.”
Frank Ajilore, IFC Country Representative for Sierra Leone, said, “Developing
good corporate governance practices among businesses is a priority for
IFC because these practices assist companies mitigate risk, safeguard against
mismanagement and attract investments. Collaborating with ICASL, IFC intends
to assist board members and decision makers build capacity to better run
their businesses on good corporate governance principles.”
IFC’s Conflict Affected States in Africa Initiative is supporting the
implementation of the IFC Africa Corporate Governance program in Sierra
Leone. CASA helps fragile and conflict affected states attract investment,
improve their business environments, and grow their economies. CASA is
active in nine countries in sub Saharan Africa and is supported by donor
partners Ireland, the Netherlands, and Norway.
IFC’s Africa Corporate Governance Program improves the performance of
businesses by helping them adopt good corporate governance practices and
standards that are customized to fit regional priorities.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in emerging markets. Working
with 2,000 businesses worldwide, IFC uses its six decades of experience
to create opportunity where it is needed most. In financial year 2016,
long-term investments in developing countries rose to nearly $19 billion,
leveraging its capital, expertise and influence to help the private sector
end extreme poverty and boost shared prosperity. For more information,