2019CorporateGovernance

International Finance Corporation (IFC) Advisory Services East Africa Corporate Governance Program
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Background
IFC AS Corporate Governance (CG) Program goal
is to improve corporate governance in the East
Africa region. Towards this goal, the program has
the following objectives: (i) build the business case
for good corporate governance among companies
and companies; (ii) assist investors in improving
corporate governance practices of investee
companies; (iii) segment the market and focus on
small and medium enterprises and Family-Owned
Enterprises; (iv) further develop and foster training
capacity; and (v) help corporate governance
institutes/institutes of directors on their path to
viability.
International Finance Corporations (IFC) and the
Institute of Certified Public Accountants of Rwanda
(ICPAR) have jointly organized a CG Workshop for
companies to strengthen the expertise and skills of
directors and senior management in terms of good
corporate governance in the country. It is intended
that this training will give insights to the business
society and helping board members and senior
management of companies to understand corporate
governance and its value for their institutions.
Corporate Governance is essential in the financial
sector to instill good risk management practices
and controls. In turn this will improve the quality of
the business and management structures, which will
increase decision making capacity and strengthen
operational efficiency that are prerequisites to
an industry in a certain country to becoming
competitive in the global industry.
Program Overview
The Corporate Governance Workshop is being
offered by IFC through carefully selected
institutions in the East Africa region. The Training
program will educate companies on specific issuesrelated
Corporate Governance topics, including risk
management, compliance and audit, to help them
improve their Corporate Governance practices and
strengthen their control environments. The program
will cover the principles enhancing CG for companies,
including International Corporate Governance
trends and developments, integrating good CG
practices in companies, assigning responsibilities
within an institution, building a high-performance
board, and director duties and liabilities.