About 30 representatives of supervisory boards and senior management of Tajik banks attended a one-day training session. They were trained on the function of supervisory boards with a particular focus on supervisory board objectives, the role of its committees during internal audits, reporting procedures, and the role of corporate secretaries and executive management.

“We thank IFC for training us on corporate governance, a subject of current importance and relevance for banks in Tajikistan,” said Kurbonov Samikhon, President of Closed Joint-stock Company Fononbank. “This initiative has familiarized us with contemporary trends in corporate governance that we will apply in our bank to improve practices.”

The training was part of the educational program of the IFC Corporate Governance Project in Central Asia. So far, IFC has conducted 36 trainings and seminars in the region for over 200 companies and banks willing to improve their corporate governance practices.

“IFC has been actively working with representatives of Supervisory Boards of companies and banks in Tajikistan on introducing modern corporate governance standards and practices,” said Tahmina Nurova, Banking/Financial Disclosure Expert for IFC Central Asia Corporate Governance Project. “This particular training allowed Tajik bankers to get practical solutions for corporate governance issues they face. We will continue this program in Tajikistan to make a positive impact on the local corporate sector and help companies and banks become more attractive to investors.”

The IFC Central Asia Corporate Governance Project is supported by the Netherlands-IFC Partnership Program.