Corporate Governance for MFI
The lack of good corporate governance is one of the main challenges facing the microfinance sector in Latin America and the Caribbean. Corporate governance is related to an institution's internal operating and control procedures. It plays a key role in creating transparency and trust for investors and in attracting capital.
Good corporate governance contributes to efficient management and to considering stakeholder interests, boosting the microfinance institution's reputation and integrity and fostering customer trust.
The BBVA Microfinance Foundation wants to contribute to the development of the microfinance sector in order to extend financial products and services to more people, under better conditions.
To do so, the Foundation has several lines of work underway, including strengthening corporate governance in the microfinance sector as a key aspect for ensuring its growth and expansion.
To this end, the Foundation has created the “Universal Code of Corporate Governance for Microfinance Institutions” and the “Guide to Adopting Good Governance Principles in Microfinance Institutions”, two benchmark documents for the sector. In order to disseminate these initiatives and promote their adoption, the BBVA Microfinance Foundation will organize Corporate Governance Training Workshops in eight Latin American countries.
Universal Corporate Governance Code for MIF
- Download 
Guide for the adoption of good governance principles
in MIF
- Download
| Corporate Governance Training Workshops for IMF |
The aim of the Corporate Governance Training Workshops will be to facilitate the implementation of corporate governance policies within microfinance institutions. They will present good practices, rules and principles that are desirable to ensure good governance of any microfinance institution, whatever its legal structure.
| Contents |
The Workshops will look into the principles of good governance and best practices, the role of each of the governing bodies and their responsibilities and operation. They will address subjects such as selection, renewal and supervision of the members of the governing body, conflicts of interest, the challenges facing corporate governance, etc.
Theory will be complemented by practical case studies and a self-evaluation template so that the participants are provided with the tools needed to implement corporate governance policies in their organizations.
| Who is intended for |
- Members of the governing body (Board, Managing Board, Trust) of a microfinance institution (cooperative, NGO, financial institution) and general managers/managers.
- Consultants with verifiable experience in the microfinance sector and interested in expanding their knowledge in the field of corporate governance.
Candidate applications will be assessed by the BBVA Microfinance Foundation team. Workshop attendance will be confirmed.
DURATION: 2 days
