Cambodia&Laos CG

completed

The project will undertake work in Cambodia and Laos, IFC will provide the following services: a. Working with Companies: The Project will seek to deliver direct advisory services on CG to selected entities. The scope of the services will include but not be limited to in-house CG training, CG policies/procedures review and development, board practices evaluation, and full CG assessment, etc. The Project will seek to conduct CG Assessments and CG Improvement Plans for selected companies. The aim of the assessments is to help particular companies implement better CG practices in their companies. As a knowledge management tool, the information from these assessments will be used in future awareness raising events to help demonstrate the impact of good CG in the region. b. Enabling Environment: IFC has a successful track record in promoting improvements to legislative and regulatory frameworks related to CG. The Program will build upon this success and work towards developing/disseminating corporate governance codes. The Program will embark upon efforts to share IFC's knowledge of CG and expand public awareness of CG and provide training to companies to further this goal. The rationale here is that a better understanding of corporate governance and the appropriate functioning of a modern corporation will lead to increased support for reforms and the acceptance of foreign investment as a necessary condition for the growth of the economy. c. Working with Educational and Training Institutions: In Laos, the Program will provide train-the-trainer program to a local institute on corporate governance best practices. The Program will share IFC’s CG tools, methodology, manuals and guidebooks with the local partner.