Regional Programme for Improving Corporate Governance in Family-Owned Enterprises

Overview
Project Summary Document

TCRS 7053

Status TC Com approved

Location

Regional

Business Sector

Notice Type

Public

PSD Disclosed

20 Dec 2016

Project Description

Good corporate governance is essential for companies wishing to access external capital across the countries where the EBRD invests and there is large demand for the Bank’s assistance to support corporate governance improvements across the corporate sector. Family-owned enterprises have historically placed a low priority on good governance standards, and they require targeted support to improve relevant policies and practices. The EBRD could build more comprehensive engagement in corporate governance assistance and maximise the impact of its work with private sector companies to improve their corporate governance practices.
The Bank will start with an initial Pilot project for improving corporate governance in family-owned businesses in both equity and debt transactions in the corporate sector (Industry, Commerce and Agribusiness) in selected countries. Specifically, EBRD will access timely and qualified external expertise to carry out: (A) corporate governance review and action plan implementation; and (B) developing guidelines and training on best practice in corporate governance. The Pilot will complement the Bank’s existing corporate governance tools and will help the EBRD to build a network of corporate governance experts that the Bank and its clients can work with going forward.

Where company assistance is provided at the pre-investment stage, it will help evaluate and boost the bankability of a potential EBRD client. Corporate governance assistance post-investment will focus on tackling specific challenges and opportunities for company growth and sustainability. Developing guidelines and training on corporate governance best practice will also result in new advisory service offering complementary to the Bank’s financing. Corporate governance improvements can enable companies to operate more efficiently, manage risk, increase accountability and transparency, and access finance, hence increasing the added value of EBRD’s investments. Activities could be scaled up and expanded upon successful roll-out of the Pilot.

The TC supports the following strategic priorities of the Bank:

Promoting good corporate governance practices has long been a priority of the EBRD as it is directly related to the sound banking principles of its investment operations;
Improving corporate governance supports transition by spreading behaviour and attitudes that enhance the legitimacy and functioning of the market economy;
EBRD sector strategies for the corporate sector (Industry, Commerce and Agribusiness) highlight the importance of supporting entrepreneurship that places greater emphasis on good business standards and transparent corporate governance.

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 7053

Status TC Com approved

Location

Regional

Business Sector

Notice Type

Public

PSD Disclosed

20 Dec 2016

Project Description

The TC supports the following strategic priorities of the Bank:

Promoting good corporate governance practices has long been a priority of the EBRD as it is directly related to the sound banking principles of its investment operations;
Improving corporate governance supports transition by spreading behaviour and attitudes that enhance the legitimacy and functioning of the market economy;
EBRD sector strategies for the corporate sector (Industry, Commerce and Agribusiness) highlight the importance of supporting entrepreneurship that places greater emphasis on good business standards and transparent corporate governance.

Project Objectives

Corporate governance standards improved for family-owned enterprises in pilot countries.

TC Recipient Information

Family-owned enterprises in EBRD's Countries of Operations.

Project Cost

€ 300,000.00

Funding Summary

The Project is expected to be funded from the EBRD Shareholder Special Fund and the SEMED Multi Donor Account.

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Regional Programme for Improving Corporate Governance in Family-Owned Enterprises

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Project Objectives

TC Recipient Information

Project Cost

Funding Summary

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)