The SMEs & Family Business Governance Training Program is an initiative by IFC’s Advisory Services aimed at Small and Medium enterprises (SMEs) for implementing sound corporate governance standards to improve their performance, increase access to finance, and foster sustained growth.
The Egyptian Institute of Directors EIoD, affiliate of the Financial Regulatory Authority FRA, conducts interactive SME workshops using IFC’s SME governance curriculum and diagnostic tool.
The instructors are corporate governance experts and deliver the course in an interactive manner to allow and encourage peer discussions among participants. The course materials include presentations, background materials (e.g. articles and papers), “IFC Diagnostic Tool” and best practice documents. The tool is a powerful instrument developed by IFC's corporate governance specialists based on IFC’s Corporate Governance Methodology. The purpose of this tool is to identify and prioritize action items needed to strengthen the SME governance framework and to develop an actionable plan for the company with specific timeframe for completion. Numerous companies and corporate governance experts have successfully adopted the “IFC Diagnostic Tool” globally.