WMFG organizing debate on Corporate Governance in Microfinance
- Wednesday, October 6, 2010, 20:01
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Microfinance Focus, Oct 6, 2010: The World Microfinance Forum Geneva (WMFG) is bringing together leading microfinance practitioners and investors to discuss the topic of governance in microfinance, and to highlight the urgency with which this issue needs to be addressed for ensuring continued success of the industry. The audience will consist of over 100 representatives from various institutions interested in microfinance.
The debate participants include microfinance players, Carlos Danel, CEO and Co-founder of CompartamosBanco, a publicly listed Microfinance Institution, Mexico and Sajeev Viswanathan, MD and CEO of Bhartiya Samruddhi, Microfinance arm of the BASIX Group, India.
Representation of investor community will be made by Klaus Tischhauser, MD and Founder of responsAbility, a leading social investments company, Switzerland, Ernst Brugger, Chairman, Blue Orchard, a Microfinance Investment Manager, Switzerland and Guy Rosa, Deputy Head of Microfinance at BNP Paribas, a large bank, France
The World Microfinance Forum Geneva is a Swiss association that promotes inclusive financial markets. It assists high-level stakeholders in their decisions on responsible investment in inclusive financial markets.
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4 Comments on “WMFG organizing debate on Corporate Governance in Microfinance”
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The egovernance will ensure more accountability, transparancy and confidence building for boosting the microfinance outreach. But the comfort levels like reasonanble intrest rates, quick access and affordable credit will make the needy end-user more strong, stable and sustainable…..
This is a good debate despite coming a bit belated. Planet Rating Agency has reviewed its GIRAFE methodology to actually pronounce Governance. I quite agree with the fact that if the Head (i.e. Board of Directors & Top Management Team) is not getting things right via formulations of good policies that will sustained the MFIs (financial/organisation/operational/socially), then there is no way others in the organisation can see clearly the Bigger picture and Vission of the MFIs. I will like to volunteer as a Nigerian who has flair for research into MFIS activities to be informed of the outcome of such robust discussion. THANKs.
This debate has not come a day too soon. The MFI, particularly in the Asian continent are going through a critical phase . The well entrenched traditional money lenders are taking cudgels against the MFIs because their traditional business is getting affected. There is lot of cleaning required to be done in the MFIs also. I am very much interested in participating in this debate and contribute my rich experience in this regard. I wish some enthusiastic sponsor institution could have supported my participation in this very important event. As the things stand, Microfinance appears to be the only significant method to reduce poverty in the world, including the developed world, Hence a discussion about the corporate governance is very timely.
No doubt that, this debate is going to explore more hidden keys and solutions for development of MFIs ,but being as a student of MBA(RD),i would like to give advise to organizing committee that there must be a space for participation of students who get want to involve, in this debate .