The International Finance Corporation (IFC), a member of World Bank Group, on Tuesday concluded a two-day board enhancement program for bank directors in Dhaka.
The program was geared towards board members, in order to improve their understanding of future governance trends, the role of boards in strategy and risk management, and to enable them to make effective decisions, according to an IFC press release.
Dr Chris Pierce, who has over 15 years of experience conducting director-level training programs across the globe, led the board enhancement program.
Bangladesh Bank Advisor on Banking Reforms SK Sur Chowdhury distributed certificates to the participants at the closing ceremony.
He said: “Corporate governance for the banking sector is one of the key factors that determine the health of the system, and strengthens a bank’s ability to survive economic shock.”
IFC Bangladesh Senior Country Officer Nuzhat Anwar said: “IFC, with a $1.6 billion portfolio in the financial sector of Bangladesh, considers good corporate governance as a critical element that helps reduce investment risk.”
The board enhancement program ended with a board simulation on a case study, to foster discussion and encourage the sharing of the experiences of high level participants.
