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- Through associations, businesswomen can come together to address the social and economic challenges faced by female entrepreneurs.
- Developing a successful National Businesswomen’s Agenda requires that associations conduct thorough research to identify social, economic, and cultural hindrances faced by women in the private sector. Sound research will boster associations’ advocacy.
- Dialogue about women’s empowerment must engage male stakeholders. Involving men in conversations about women’s participation in the economy helps policymakers of both genders understand the importance of the legislative solutions being proposed, while also encouraging the challenge of social norms.
The success of democracy in Iraq is largely dependent on the growth of Iraq’s economy. Recognizing this important condition for democratic stability in the country, the Iraqi Ministry of Planning and Development Cooperation and Iraqi Strategic Review Board recently created a “National Development Strategy: 2005-2007,” which is a forward-looking document that sets forth a strategy to increase the growth of the Iraqi economy. The strategy evaluates the major challenges faced by the economy and identifies some necessary steps to take to overcome those challenges.Read more...
Effecting Corporate Governance Reforms in Asia and the Pacific: The ADFIAP Corporate Governance Rating System
The Asian financial crisis of 1997 not only revealed the need for corporate governance reform in the region’s business community, it also demonstrated the need for reform within national development finance institutions (DFIs). Recognizing the governance challenges in the region and the role that DFIs can play in addressing these challenges, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) initiated a comprehensive program to improve corporate governance mechanisms within its member-banks and other financial institutions.
The centerpiece of ADFIAP’s program is an assessment and monitoring instrument called the ADFIAP Corporate Governance Rating System (ACGRS). Consistent with other existing international governance rating methods, the rating system monitors the areas for governance reforms: Shareholder Rights, Commitment to Corporate Governance Principles, Board Governance, Disclosure & Transparency, and Auditing. By periodically tracking changes in governance policies and practices, the ACGRS evaluates the overall state and quality of governance in financial institutions.Read more...
Given financial scandals and the resulting new mandates on business, firms find themselves pressed to develop strong codes of ethics to guide the behavior of board members, managers, and employees. Although the concern with ethics has always been a part of doing business, business leaders today are beginning to think about ethics as a set of principles and guides of behavior rather than a set of rigid rules. In this sense, business ethics is not only an attempt to set a standard by which all of the employees of a firm can know what is expected, but it is also an attempt to encourage employees, managers, and board members to think about and make decisions through the prism of a shared set of values.
Future debates will center on the relative roles of the triangle of business, government, and NGOs in establishing these standards, as they find a way to meet high ethical standards and, at the same time, ensure that the reputational and collateral risks assumed by corporations do not inhibit the further development of the emerging markets.
Association Management Companies (AMCs) have been in business for a long time. While there were only about 40 AMCs in the U.S. in the 1970s, the number has increased to an estimated 525 in the U.S. today and another 20- 25 in Europe. More importantly, an unknown number of AMCs are based throughout the rest of the world. The basic function of an AMC is to serve as the headquarters for two or more associations. In developing countries, AMCs can bring the history and knowledge of the U.S. association management experience to entrepreneurs who are willing to create a business that provides the resources and expertise to service professional organizations in their countries.Read more...
It has been almost 20 years since the Philippines overthrew a dictatorship and reestablished democracy. The first few years of that transition were understandably painful. But after a promising first decade, the country has been lurching from one crisis to another. Arguably, the reasons for the seemingly unending crisis have been largely homegrown – they revolve around political will. In other words, they have been mainly about public governance at the national level.
Recognizing the problems democracy in the Philippines was facing, the Institute for Solidarity in Asia (ISA) designed and implemented a program that brings together public officials and civil society groups to improve governance mechanisms on the local level. City mayors participating in the program work with civil society groups to identify priorities, design solutions, and implement concrete programs to improve the economic and social standing of their cities. In the process, they also improve political institutions by strengthening participatory mechanisms. The program has been a success and continues to expand into an increasing number of cities throughout the country.Read more...
- Democratic Governance
- Access to Information
- Combating Corruption
- Business Association Development
- Corporate Governance
- Legal & Regulatory Reform
- Informal Sector & Property Rights
- Corporate Citizenship (CSR)
- South Asia
- Middle East & North Africa
- Latin America & the Caribbean
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