ADVOCACY

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“ADFIP Delegates with Dr. Saldana at the 2008 Corporate Governance Training in The Lagoon Resort, Pacific Harbour, Suva.”

“Corporate Governance is not, at its core, about power; it is about finding ways to ensure that decisions are made effectively.”

CORPORATE GOVERNANCE

It is the separation of powers between ownership, governance and management and it has a clear separation of powers, ie. Ownership – shareholders, governance – Board of Directors, management – CEO and team of officers, a system of checks and balances and fairness, accountability and transparency.

The benefits of good corporate governance are:

  • Economic convergence: a policy of open and free economic systems must be complemented by competitive and modern systems in bank and corporate level.
  • Competition for Capital: institutional investors put a premium on good corporate governance systems and practices.
  • Increased shareholder activism: shareholders, potential investors and other stakeholders demand more ways of ensuring that their interests will be taken care of.

GOOD GOVERNANCE FOR SUSTAINABLE DEVELOPMENT

  • Initiates/decides  the DFI’s orientation towards SD
  • Keeps the DFI focused on pursuing SD

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  • Allocates the necessary resources needed for SD
  • Determines the DFI’s policies and strategies needed to achieve SD
  • Has an important role to make in building up and safeguarding the reputation of the DFI to attract suppliers and encourage other stakeholders to participate  and cooperate in  the DFI’s SD program

CORPORATE GOVERNANCE FOR SUSTAINABLE DEVELOPMENT (Beyond Shareholder and Stakeholder Models of Good Governance)

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