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The Incredible Adventures of Carla: Practical Guide for Nominee Directors

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dc.contributor.authorSteger, Ulrich
dc.contributor.authorNedopil, Christoph
dc.date.accessioned2015-06-25T14:57:14Z
dc.date.available2015-06-25T14:57:14Z
dc.date.issued2015-03
dc.description.abstractThis 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.identifierhttp://documents.worldbank.org/curated/en/2015/06/24606842/incredible-adventures-carla-practical-guide-nominee-directors
dc.identifier.doi10.1596/22062
dc.identifier.urihttps://hdl.handle.net/10986/22062
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectLIMITED
dc.subjectHOLDING COMPANY
dc.subjectCAPITAL MARKETS
dc.subjectOPERATIONAL RISK
dc.subjectBOARD MEETING
dc.subjectCLIENT BASE
dc.subjectBUSINESS ETHICS
dc.subjectREGULATORY COMPLIANCE
dc.subjectPUBLIC UTILITIES
dc.subjectFOREIGN CAPITAL
dc.subjectBOARD MEMBERS
dc.subjectCORPORATION
dc.subjectRISK MANAGER
dc.subjectSTOCK
dc.subjectSHAREHOLDER RIGHTS
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectCOMPENSATION POLICIES
dc.subjectEMERGING ECONOMIES
dc.subjectSTOCK MARKET
dc.subjectDEVELOPING COUNTRIES
dc.subjectCHARTER
dc.subjectINDEPENDENT DIRECTORS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectSUSTAINABLE ECONOMIC GROWTH
dc.subjectREGULATORY AGENCY
dc.subjectPORTFOLIO
dc.subjectREGULATOR
dc.subjectCOMPANIES
dc.subjectFINANCIAL STATEMENTS
dc.subjectBONDS
dc.subjectMERGERS
dc.subjectGLOBAL LEADERS
dc.subjectINFORMATION SYSTEMS
dc.subjectREGULATORY AUTHORITY
dc.subjectAUDIT COMMITTEE
dc.subjectACQUISITIONS
dc.subjectDIVIDEND POLICY
dc.subjectCORPORATE GOVERNANCE STANDARDS
dc.subjectJURISDICTIONS
dc.subjectLEGAL FRAMEWORKS
dc.subjectCODE OF CONDUCT
dc.subjectINTERNATIONAL FINANCE
dc.subjectSTATES
dc.subjectCONTROLLING SHAREHOLDER
dc.subjectCEO
dc.subjectACQUISITION
dc.subjectUNION
dc.subjectOWNERSHIP CONCENTRATION
dc.subjectGLOBAL EQUITY
dc.subjectINDEPENDENT SHAREHOLDER
dc.subjectSHAREHOLDER STRUCTURE
dc.subjectFRANCHISE
dc.subjectGOVERNANCE PROCEDURES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectTRUST
dc.subjectBOARD MEMBER
dc.subjectCAPITAL REQUIREMENTS
dc.subjectFAMILY BUSINESS
dc.subjectCORPORATE GOVERNANCE FRAMEWORK
dc.subjectAUDITOR INDEPENDENCE
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectBOARD MEETINGS
dc.subjectPRIVATE CAPITAL
dc.subjectCORPORATE GOVERNANCE CODE
dc.subjectDUE DILIGENCE
dc.subjectREAL ESTATE
dc.subjectLEGAL FRAMEWORK
dc.subjectDIRECTORS
dc.subjectBANKS
dc.subjectSHAREHOLDERS’ MEETINGS
dc.subjectSHAREHOLDER AGREEMENTS
dc.subjectUNIONS
dc.subjectMANAGERS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY
dc.subjectINVESTORS
dc.subjectDEVELOPMENT INVESTMENT
dc.subjectCEOS
dc.subjectETHICAL BEHAVIOR
dc.subjectOWNERSHIP STRUCTURE
dc.subjectTRANSPARENCY
dc.subjectCOUNTRY RISK
dc.subjectSCANDALS
dc.subjectCORPORATIONS
dc.subjectSUBSIDIARIES
dc.subjectPOLITICAL SYSTEMS
dc.subjectREGULATORY REQUIREMENTS
dc.subjectBANK
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectCONFLICTS OF INTEREST
dc.subjectSTAKEHOLDERS
dc.subjectCHAIRMAN AND CEO
dc.subjectSHAREHOLDER VALUE
dc.subjectFAMILY BUSINESSES
dc.subjectINTERNAL CONTROLS
dc.subjectREGULATORY CAPITAL
dc.subjectSHARES
dc.subjectSOCIAL VALUES
dc.subjectMAJORITY SHAREHOLDERS
dc.subjectTRADE UNIONS
dc.subjectMINORITY SHAREHOLDERS
dc.subjectCOMPANY
dc.subjectLEGAL DUTIES
dc.subjectSECURITIES
dc.subjectSUBSIDIARY
dc.subjectGOVERNANCE
dc.subjectSHAREHOLDERS
dc.subjectENFORCEMENT
dc.subjectINSURANCE
dc.subjectCONTROLLING SHAREHOLDERS
dc.subjectINTERESTS
dc.subjectACCESS TO CAPITAL MARKETS
dc.subjectSTATE
dc.subjectINVESTOR
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectACCOUNTING STANDARDS
dc.subjectBUSINESS CLIMATE
dc.subjectINVESTMENT
dc.subjectSHARE
dc.subjectORGANIZATION
dc.subjectPORTFOLIO MANAGER
dc.subjectEQUALITY
dc.subjectCOMPLIANCE OFFICER
dc.subjectFINANCE CORPORATION
dc.subjectINTERNAL CONTROL
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBANKING
dc.subjectCOMPETITIVE MARKETS
dc.subjectGOOD CORPORATE GOVERNANCE
dc.subjectINVESTOR RELATIONS
dc.subjectSHAREHOLDER INTERESTS
dc.subjectINDIVIDUALS
dc.subjectSTAKEHOLDER
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectSOCIETY
dc.subjectCAPITAL EXPENDITURES
dc.subjectINDEPENDENT DIRECTOR
dc.subjectSHAREHOLDER
dc.subjectMERGER
dc.subjectAUDIT
dc.subjectASSET SALES
dc.subjectCUSTOMERS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectFIDUCIARY DUTY
dc.subjectCOOPERATIVE
dc.subjectSMALL BUSINESSES
dc.subjectCOST OF CAPITAL
dc.subjectPRIVATE ENTERPRISE
dc.subjectCONSOLIDATION
dc.subjectCORPORATE GOVERNANCE
dc.subjectESTATE
dc.subjectINVESTMENT DECISION
dc.titleThe Incredible Adventures of Carlaen
dc.title.subtitlePractical Guide for Nominee Directorsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Incredible Adventures of Carla
okr.date.disclosure2015-06-09
okr.date.doiregistration2025-05-05T12:49:24.730587Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/06/24606842/incredible-adventures-carla-practical-guide-nominee-directors
okr.globalpracticeGovernance
okr.guid099816112022216832
okr.identifier.externaldocumentum090224b082f0fcd0_1_0
okr.identifier.internaldocumentum24606842
okr.identifier.report97117
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/09/090224b082f0fcd0/1_0/Rendered/PDF/The0incredible0or0nominee0directors.pdfen
okr.topicGovernance::Governance and the Financial Sector
okr.topicLaw and Development::Corporate Law
okr.topicPrivate Sector Development::Corporate Governance
okr.topicPrivate Sector Development::Corporate Social Responsibility
okr.unitCorporate Governance (CRKCG)
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