Baku, Azerbaijan, May 27, 2011—IFC,
a member of the World Bank Group, together with the Global Corporate Governance
Forum is training local trainers in Eurasia region to help disseminate
improved corporate governance services, thereby attracting foreign investment
and boosting regional economies.
A “Governing Banks Board Leadership
Program” held this week in Baku taught trainers how to use the Forum’s
Board Leadership Training Resources and Governing Banks supplement, which
will help them improve their ability to prepare yet other trainers. Participants
from Azerbaijan, Georgia, Kazakhstan, Mongolia, Tajikistan, Turkey and
Ukraine learned how to lead director education programs that reflect international
best practices adapted to regional trends and country-specific needs.
"It is important to build the local expertise and training capacities
to ensure the sustainability of corporate governance reform efforts and
the provision of world class training methods for board directors and companies,"
said Philip Armstrong, director of the Forum. "Our train-the-trainers
program builds upon our experience in enhancing the skills of trainers
of directors and draws upon the Forum's extensive experience from its work
across the globe, with specific focus on emerging markets."
“I was impressed by the level of commitment from the local trainees and
by the level of interaction at the workshop,” said Miroslav Veprek, Program
Manager at the Swiss State Secretariat for Economic Affairs (SECO), which
is co-sponsoring this initiative together with the Development Bank of
Austria. “Building local capacity is a priority for us as donors and I
am pleased to see that our efforts are well on track.”
The Forum has developed the Corporate Governance Board Leadership Training
Resources to serve the growing need for curriculum and teaching methodologies
relevant to corporate governance training provided by Institutes of Directors,
Corporate Governance Associations, professional bodies, universities and
other educational establishments. Developed by experienced professionals
in corporate governance, adult education, and communication, this material
can be used to educate new and experienced directors. Since 2008, the Training
Resources has been accepted and adapted by director training institutions
in over 50 countries around the world.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.