Publication:
The Incredible Adventures of Carla: Practical Guide for Nominee Directors

dc.contributor.author Steger, Ulrich
dc.contributor.author Nedopil, Christoph
dc.date.accessioned 2015-06-25T14:57:14Z
dc.date.available 2015-06-25T14:57:14Z
dc.date.issued 2015-03
dc.description.abstract This is a book about directorship. More precisely, it’s about nominee directors, who are nominated by IFC and other development finance institutions (DFIs) to the boards of investee companies to fulfill a dual mandate: first, they are expected to perform all the duties and tasks of a board member. Second, they are also charged with improving the corporate governance, sustainability, and ethical behavior of the investee company. This need exists because the empirical evidence indicates that in many developing countries it is nearly impossible to create long-term shareholder value without marked improvements in these areas. This book, based on sound research and real-life examples, offers not only a useful learning platform but also, the authors hope, an entertaining read. It focuses on directorship and leadership skills in the boardroom and does not attempt to cover the whole ‘waterfront’ on corporate governance issues. Many other publications (including some found on the IFC website) deal extensively with the structures, processes, and legal frameworks of corporate governance. The story emphasizes the learning and adapting that must go on for a nominee director to be effective in encouraging change and improvement on the board and in the company. It draws on specific situations to illustrate that IFC rules and instructions cannot always be perfectly followed: the nominee director is in the ‘heat of the battle,’ under time pressure, and confronted with dilemmas and uncertainty that only in hindsight can be structured and analyzed clearly. The target audience of the incredible adventures of Carla is nominee directors, especially those who are newly appointed or candidates who are considering taking on such a role. It aims to expose them to the challenges in the behavioral dimension of corporate governance and to help them learn, through Carla’s experience, the actions and communications that can help them, or not help them, achieve the goals they are committed to. en
dc.identifier http://documents.worldbank.org/curated/en/2015/06/24606842/incredible-adventures-carla-practical-guide-nominee-directors
dc.identifier.uri http://hdl.handle.net/10986/22062
dc.language English
dc.language.iso en_US
dc.publisher World Bank Group, Washington, DC
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder International Finance Corporation
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject LIMITED
dc.subject HOLDING COMPANY
dc.subject CAPITAL MARKETS
dc.subject OPERATIONAL RISK
dc.subject BOARD MEETING
dc.subject CLIENT BASE
dc.subject BUSINESS ETHICS
dc.subject REGULATORY COMPLIANCE
dc.subject PUBLIC UTILITIES
dc.subject FOREIGN CAPITAL
dc.subject BOARD MEMBERS
dc.subject CORPORATION
dc.subject RISK MANAGER
dc.subject STOCK
dc.subject SHAREHOLDER RIGHTS
dc.subject INCOME
dc.subject INTEREST
dc.subject COMPENSATION POLICIES
dc.subject EMERGING ECONOMIES
dc.subject STOCK MARKET
dc.subject DEVELOPING COUNTRIES
dc.subject CHARTER
dc.subject INDEPENDENT DIRECTORS
dc.subject DISCLOSURE REQUIREMENTS
dc.subject SUSTAINABLE ECONOMIC GROWTH
dc.subject REGULATORY AGENCY
dc.subject PORTFOLIO
dc.subject REGULATOR
dc.subject COMPANIES
dc.subject FINANCIAL STATEMENTS
dc.subject BONDS
dc.subject MERGERS
dc.subject GLOBAL LEADERS
dc.subject INFORMATION SYSTEMS
dc.subject REGULATORY AUTHORITY
dc.subject AUDIT COMMITTEE
dc.subject ACQUISITIONS
dc.subject DIVIDEND POLICY
dc.subject CORPORATE GOVERNANCE STANDARDS
dc.subject JURISDICTIONS
dc.subject LEGAL FRAMEWORKS
dc.subject CODE OF CONDUCT
dc.subject INTERNATIONAL FINANCE
dc.subject STATES
dc.subject CONTROLLING SHAREHOLDER
dc.subject CEO
dc.subject ACQUISITION
dc.subject UNION
dc.subject OWNERSHIP CONCENTRATION
dc.subject GLOBAL EQUITY
dc.subject INDEPENDENT SHAREHOLDER
dc.subject SHAREHOLDER STRUCTURE
dc.subject FRANCHISE
dc.subject GOVERNANCE PROCEDURES
dc.subject FINANCIAL INSTITUTIONS
dc.subject TRUST
dc.subject BOARD MEMBER
dc.subject CAPITAL REQUIREMENTS
dc.subject FAMILY BUSINESS
dc.subject CORPORATE GOVERNANCE FRAMEWORK
dc.subject AUDITOR INDEPENDENCE
dc.subject PRIVATE SECTOR DEVELOPMENT
dc.subject BOARD MEETINGS
dc.subject PRIVATE CAPITAL
dc.subject CORPORATE GOVERNANCE CODE
dc.subject DUE DILIGENCE
dc.subject REAL ESTATE
dc.subject LEGAL FRAMEWORK
dc.subject DIRECTORS
dc.subject BANKS
dc.subject SHAREHOLDERS’ MEETINGS
dc.subject SHAREHOLDER AGREEMENTS
dc.subject UNIONS
dc.subject MANAGERS
dc.subject EMERGING MARKETS
dc.subject EQUITY
dc.subject INVESTORS
dc.subject DEVELOPMENT INVESTMENT
dc.subject CEOS
dc.subject ETHICAL BEHAVIOR
dc.subject OWNERSHIP STRUCTURE
dc.subject TRANSPARENCY
dc.subject COUNTRY RISK
dc.subject SCANDALS
dc.subject CORPORATIONS
dc.subject SUBSIDIARIES
dc.subject POLITICAL SYSTEMS
dc.subject REGULATORY REQUIREMENTS
dc.subject BANK
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject CONFLICTS OF INTEREST
dc.subject STAKEHOLDERS
dc.subject CHAIRMAN AND CEO
dc.subject SHAREHOLDER VALUE
dc.subject FAMILY BUSINESSES
dc.subject INTERNAL CONTROLS
dc.subject REGULATORY CAPITAL
dc.subject SHARES
dc.subject SOCIAL VALUES
dc.subject MAJORITY SHAREHOLDERS
dc.subject TRADE UNIONS
dc.subject MINORITY SHAREHOLDERS
dc.subject COMPANY
dc.subject LEGAL DUTIES
dc.subject SECURITIES
dc.subject SUBSIDIARY
dc.subject GOVERNANCE
dc.subject SHAREHOLDERS
dc.subject ENFORCEMENT
dc.subject INSURANCE
dc.subject CONTROLLING SHAREHOLDERS
dc.subject INTERESTS
dc.subject ACCESS TO CAPITAL MARKETS
dc.subject STATE
dc.subject INVESTOR
dc.subject FINANCIAL DEVELOPMENT
dc.subject ACCOUNTING STANDARDS
dc.subject BUSINESS CLIMATE
dc.subject INVESTMENT
dc.subject SHARE
dc.subject ORGANIZATION
dc.subject PORTFOLIO MANAGER
dc.subject EQUALITY
dc.subject COMPLIANCE OFFICER
dc.subject FINANCE CORPORATION
dc.subject INTERNAL CONTROL
dc.subject BUSINESS ENVIRONMENT
dc.subject BANKING
dc.subject COMPETITIVE MARKETS
dc.subject GOOD CORPORATE GOVERNANCE
dc.subject INVESTOR RELATIONS
dc.subject SHAREHOLDER INTERESTS
dc.subject INDIVIDUALS
dc.subject STAKEHOLDER
dc.subject INVESTMENTS
dc.subject RISK MANAGEMENT
dc.subject SOCIETY
dc.subject CAPITAL EXPENDITURES
dc.subject INDEPENDENT DIRECTOR
dc.subject SHAREHOLDER
dc.subject MERGER
dc.subject AUDIT
dc.subject ASSET SALES
dc.subject CUSTOMERS
dc.subject INTERNATIONAL INVESTORS
dc.subject FIDUCIARY DUTY
dc.subject COOPERATIVE
dc.subject SMALL BUSINESSES
dc.subject COST OF CAPITAL
dc.subject PRIVATE ENTERPRISE
dc.subject CONSOLIDATION
dc.subject CORPORATE GOVERNANCE
dc.subject ESTATE
dc.subject INVESTMENT DECISION
dc.title The Incredible Adventures of Carla en
dc.title.subtitle Practical Guide for Nominee Directors en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.date.disclosure 2015-06-09
okr.doctype Publications & Research
okr.doctype Publications & Research :: Working Paper
okr.docurl http://documents.worldbank.org/curated/en/2015/06/24606842/incredible-adventures-carla-practical-guide-nominee-directors
okr.globalpractice Governance
okr.identifier.externaldocumentum 090224b082f0fcd0_1_0
okr.identifier.internaldocumentum 24606842
okr.identifier.report 97117
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/09/090224b082f0fcd0/1_0/Rendered/PDF/The0incredible0or0nominee0directors.pdf en
okr.topic Governance :: Governance and the Financial Sector
okr.topic Law and Development :: Corporate Law
okr.topic Private Sector Development :: Corporate Governance
okr.topic Private Sector Development :: Corporate Social Responsibility
okr.unit Corporate Governance (CRKCG)
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