Promoting good corporate governance is inextricably linked to EBRD’s mandate. From the perspective of the Bank’s role in advancing transition in economies in which it invests, it is widely recognised that good governance standards and practices not only contribute to financial and operational performance of our clients, but also play an important part in ensuring responsible business conduct in the business communities and economies at large.
Even though each jurisdiction has its specificities, there is a number of concepts and areas which are universally recognised as an essential part of any good corporate governance framework. Therefore, it is widely accepted that having an objective and effective board and strong internal controls - combined with a high level of shareholder rights and a high degree of transparency towards the market and relevant stakeholders - can contribute to the long-term success of a company and generally increase its market value.
The purpose of these short videos is to introduce these basic concepts of corporate governance and to illustrate their importance to firms, their directors, shareholders and other stakeholders.
The Board of directors is a key governing body