By-Hitesh Jain-1326Rohit Mahind-1354

CORPORATE GOVERNANCE MAY BE DEFINED AS A SET OF SYSTEMS, PROCESSES AND PRINCIPLES WHICH ENSURE THAT A COMPANY IS GOVERNED IN THE BEST INTEREST OF ALL STAKEHOLDERS. IT IS ABOUT PROMOTING CORPORATE FAIRNESS, TRANSPARENCY AND ACCOUNTABILITY. IN OTHER WORDS, 'GOOD CORPORATE GOVERNANCE' IS SIMPLY 'GOOD BUSINESS'.

IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. Wefoster 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.

Adds value to client

ManageInvestment& ReduceRisks

Mission:to promote sustainable private sector investment indeveloping countries

Provide Leadership in developing practices in emerging markets

IFC is now actively supporting corporate governance reforms in the Middle East and North Africa (MENA) region.

IFC through its Corporate Governance program which helps improve access to capital and increase the operational efficiency and financial performance of family-run enterprises and financial institutions serving micro, small and medium enterprises

“Corporate governance is about shining a light through the whole organization.”

IFC MENA Corporate Governance Program

The goals of the program are to help MENA companies:• Improve access to affordable financing leading to greater investment, higher growth, and more employment.• Improve performance through better strategic decision making and managerial oversight leading to more efficient management and better asset allocation.

Active since 2005

MENA Work Allotment ProgramIFC Methodology considers these dimensions:• Commitment to Good Corporate Governance: Clear focus on effective structures and processes for achieving the benefits of goodcorporate governance.• Board Effectiveness: Existence of a competent,legitimate, well-structured, and effective board, withproper composition, structure, and work procedures.• Management Control Environment: Management of risk; and the integrity of assets and financial information.• Disclosure & Transparency: The availability oftimely, accurate, relevant, complete, and actionableinformation equally to shareholders • Shareholder Practices: The equal treatment of allshareholders, including protection from abuse fromcompany insiders.

IFC MENA Corporate Governance Program Results

Other recommended changes in rules, laws and regulations were made with IFC support

114 new trainers were trained in corporate governance

4035 entities received advisory

services

68 banks and companies were reached through depth advisory

268 directors were trained from various

countries

8798 participants in training and performance workshops

96% needed rigorous improvement in corporate governance benefits and understanding

THANK YOU