good governance starts with a well-functioning board of directors that is at the heart of a company’s corporate governance framework and is crucial to ensuring all other governance components are working effectively. most codes of best practice in corporate governance require board directors to undergo periodic training to improve their knowledge and skills, so they can become better leaders and change agents of their companies. the toolkit provides a framework to help assess a company’s board effectiveness and identify root causes to board performance issues. europe and central asia: in tajikistan, ifc and tajikistan’s national bank representatives held a workshop to explore the role of the board directors in strengthening banks’ governance in support of extensive corporate governance reform.
latin america and the caribbean: in washington d.c., ifc and the network of institutes of corporate governance of latin america (igcla) hosted the second annual effective board leadership meeting tailored to the unique needs of board directors in the region. middle east and north africa: in lebanon, ifc’s new initiative, the corporate directors certification program for board directors launched in partnership with excellence in governance lebanon, to help board members and senior managers build the governance skills and provide tools they can use to improve their companies’ corporate governance practices. south asia: in sri lanka, at the board leadership training for board directors, ifc experts led sessions on board composition, structure, practices, and procedures with the goal to help them build their governance skills. sub-saharan africa: in sierra leone, as a part of a new partnership between ifc and sierra leone’s institute of chartered accountants, ifc facilitated a training program for board members and other programs aimed at small and medium enterprises focusing on succession planning and teaching about ways to ensure long-term sustainability.
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