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Who we are
Overview: about the EBRDWho we are
Overview: about the EBRD
Our story
Explore the EBRD’s journey over the decades, investing in businesses, supporting economies and driving lasting change across its regions.
- Our background and history
- Our organisation
- Our values
- Strategies, governance and compliance
- Project accountability
What we do
Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
How we deliver systemic impact
Across three continents, the EBRD supports the transition to successful market economies.
- Where we work
- Products and services
- Sectors we work in
- Our projects
- Focus areas and initiatives
- Economic research
Work with us
Overview: how you can work with the EBRDWork with us
Overview: how you can work with the EBRD
What we offer for businesses
We draw on three decades of regional knowledge and financial expertise to tailor our products and approaches to each client's needs.
- Businesses
- Investors
- Donors
- Researchers
- Civil Society
- Alumni
- Nominee Directors
- Trade finance
- Careers
Light
Eng
Eng
EBRD's Nominee Director Programme
May 2021
Background
The EBRD has used Nominee Directors in direct equity investments since 1991. Nominee Directors are viewed as both an instrument of transition and impact, and a tool to represent the Bank’s interests as a minority shareholder. As of 2021, 49% of all active direct equity projects involved an EBRD Nominee Director. This evaluation was EvD’s first review of the Nominee Director Programme, and focused on the purpose, operational structure, and results.
Main findings
Evidence showed Nominee Directors added value through frequently playing a significant role on Board Committees, Value Creation Plans (VCPs) and Corporate Governance Action Plans (CGAPs) and their experience may become a distinctive valued corporate asset.
The selection of Nominee Directors is biased towards internal candidates, and whilst good progress towards gender-balance has been made, it falls behind IFCs.
There is no clear articulation of the strategy and use of Nominee Directors in achieving objectives in direct equity projects, despite their widespread use.
Opportunities to share lessons between the Bank’s Nominee Directors are not being realised. Incomplete record-keeping and variable briefing/standard setting limits effective knowledge management.