Corporate Governance Programme
After two phases of successful implementation of Corporate Governance (CG) projects in Azerbaijan and the Western Balkans, a follow-on phase for a region-wide Europe and Central Asia Corporate Governance (ECA CG) Program has been approved by the Swiss State Secretariat for Economic Affairs SECO. Two independent evaluations, as well as a thorough assessment of the current projects, concluded that interventions were effective and relevant.
Overall goal
The main objective of this third program phase is a further strengthening of local capacities as well as a transfer of knowledge to selected local partners in Albania, Azerbaijan, Bosnia, Georgia, Kazakhstan, Kosovo, Macedonia, Moldova and Serbia. After Program end these partner institutions should be capable to independently offer CG services to client companies in their own local markets.
Outcomes
- Enhanced capacity of local partners for the promotion and implementation of CG practices in companies.
- Improved CG practices in the countries of intervention.
- Enhanced legal and regulatory framework for CG.
Key outputs
- Trainings, workshops and coaching for local partners on offering CG services.
- Targeted assistance to companies to implement good CG practices. CG assessments to companies will be delivered jointly by IFC experts and the partner institutions, so that over time the partners will take on full responsibility for delivering these services by themselves.
- Assist the development of the CG legal and regulatory framework.
| Strategic Domain | Economic Development and Employment |
|---|---|
| Status | Completed |
| Implementers | Internacional Finance Corporation (IFC) |
| Partners | Advantis Broker Banja Luka |
| Projects implemented in | Federation of Bosnia and Herzegovina, Republika Srpska, Brčko District |
| Cantons | Sarajevo Canton |
| Municipalities/Cities | Banja Luka, Brčko distrikt, Grad Sarajevo |