Cairo, February 12, 2009 – IFC, a member of the World Bank Group, and the American University in Cairo (AUC) have finalized plans to include a course on Corporate Governance within their Executive Management Diploma as part of the initiative to improve corporate governance practices within the region.
The program provides the necessary knowledge and skills that will enable Executive Managers to contribute to the success of their business.  The Corporate Governance curriculum, split into consecutive courses to be taken over three semesters, was developed by the IFC Advisory Services in the Middle East and North Africa. The diploma would be the first in the region to include courses specifically on corporate governance.

Yehia El Husseiny, Project Officer at IFC’s Corporate Governance Program, said “This is a significant step to ensure that students understand corporate governance issues in the region, he added: “we are teaching the future business leaders of tomorrow how to incorporate good governance practices within corporations.”

Aly Ismail, the Director of the Institute of Management Development in AUC, said; ‘The introduction of the corporate governance program, matches our quality standard offering, will add an edge to our Executive Management Diploma, which targets University graduates from different disciplines who have the potential of future corporate executives’.

Part of IFC’s Corporate Governance initiative in the MENA region is to offer educational institutions with curriculums that provide students with the tools for implementing good corporate governance.

About IFC
IFC, a member of the World Bank Group, creates opportunities 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.

About the AUC Management Center
The Management Center (MC) (www.aucegypt.edu/mcenter) was established in 1977 as center of excellence to serve Egypt and the region, introducing professional development programs using a modern perspective of delivery, incorporating the latest management concepts and techniques.  The professional development programs presented by the MC cover a wide variety of offerings including; professional postgraduate diplomas, professional certificates, executive seminars, short courses and workshops in addition to tailor-made programs totaling over 350 different topics and titles.