Project Description
IFC will provide demand-driven corporate governance advisory services based on its established delivery methodology. Specifically, the Project will: 1. Build on the capacity of certain partner institutions, in selected countries in Europe and Central Asia,
to deliver corporate governance services in their markets. The Project will provide training/capacity-building to partner institutions, based on IFC's corporate governance methodology, according to their needs and capacity. Such training is expected to
include
training of trainers and lead to the development of sustainable training institutions. Such institutions include: Corporate Governance Institute of Albania; Corporate Governance Center Foundation (Armenia); Azerbaijan Corporative & Directors Association;
Azerbaijan
Risk Professionals Association; Isgandarov & Partners (Azerbaijan); Advantis Broker AD (Bosnia & Herzegovina); Association of Company Board Members of Bosnia and Herzegovina; SEE Business Solutions (Bosnia & Herzegovina); Georgian Institute
of Directors; Georgian
Banking Training Center; Governance & Management Consulting LLP; Sayat Zholshy and Partners Attorney Office (Kazakhstan); Regional Technology Center Shpk; Recura sh.a (Kosovo); Macedonian Institute of Directors; WM Equity Partners
(Serbia); Chamber of Commerce
& Industry of Serbia. 2. Work at the firm level to improve the corporate governance practices of companies in Europe and Central Asia in order to improve their performance and access to capital through the implementation
of corporate governance recommendations.
This will be achieved through the delivery of one-to-one consulting work as well as training events and workshops. Such client companies include: Vino Zupa AD (Serbia); Shen Concern OJSC (Armenia); Tribest doo
(Bosnia and Herzegovina); Bekto Precisa doo (Bosnia
and Herzegovina); Bystro Bank OJSC (Russian Federation); AGS Limited (Albania); NTSh Elen (Kosovo); Sharrcem ShpK (Kosovo); Inecobank CJSC; (Armenia); Aqroinvest Credit Union, LLC (Azerbaijan); R&S doo
(Bosnia & Herzegovina); Georgian Credit JSC; Geocapital
Microfinance Organization LLC; Basis Bank JSC (Georgia); Meridian Corporation ShpK (Kosovo); Unipromet doo (Serbia). 3. Support, on a more limited basis, the development of the corporate governance
enabling/regulatory environment. The Project will aim to introduce
corporate governance component into legislation or regulation as well as to develop, update, and/or improve corporate governance code and scorecards.
IFC has also signed an agreement
with Sarajevo Stock Exchange (Bosnia and Herzegovina) to support the
development of a Publication for the Exchange's Annual Conference, 2013. IFC has also signed an agreement with Women Entrepreneurs Association 'ONE' (Bosnia and Herzegovina) for the
joint organization of a Conference on Board Diversity and Women Leadership.