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
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.
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)
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.