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IIB Development Headquarters, Washington, DC, USAShareholders
The shareholders own IIB-DG by owning its shares, and IIB-DG`s Directors manage them. These shareholders are represented by a Board of Directors, who are the ultimate policymakers at the IIB.
They reap the benefits of IIB-DG’s success, and their rewards come in the form of increased stock valuations or financial profits distributed as dividends. While retaining overall authority over IIB, the shareholders delegate most powers to the Board of Directors, which is responsible for approving IIB-DG’s country, sector, and thematic strategies, policies, and operations.
The Shareholders are the institution’s highest governing body. The Shareholders ’ main competencies are to lay down general directives for the IIB-DG’s credit policy to approve the annual report, the annual balance sheet, and the profit and loss account to decide on the IIB-DG’s participation in financing operations with other institutions and to approve capital increases.
The shareholders appoint the members of the Board of Directors and the Management Committee, as well as the members of the Audit Committee and the Appointment Advisory Committee. In particular, the Board of Directors shall report to the shareholders’ meeting about the performed and planned activity and shall use its best efforts for ensuring that the shareholders receive adequate information about the necessary elements for them to take in an informed manner the decisions that are the competence of the shareholders’ meeting. The shareholders hold an annual meeting to examine the annual report and determine the general direction of the IIB.
Board of Directors
Our Board of Directors is composed of individuals with diverse professional backgrounds and expertise. They are responsible for the general management of the IIB-DG’s operations and accountable for the overall governance and performance of IIB Development Group.
The Board of Directors is responsible for the general conduct of the business of IIB-DG and exercises the powers delegated to it by the shareholders of IIB-DG. IIB-DG’s executive body is the Management Board, whose members are appointed by the Shareholders.
The President and Executive Vice Presidents make up the Boards of Directors of the IIB. They normally meet at least once a week to oversee the IIB’s business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies, and borrowing and financial decisions.
1. IIB`s board of directors is in charge of strategic management of IIB, determines major principles, and approaches to the creation of a risk management and internal control system within IIB, and monitors the activities of IIB’s executive bodies.
1.1. IIB`s board of directors is responsible for decisions to appoint and remove members of executive bodies, including in connection with their failure to properly perform their duties. The board of directors procures that IIB’s executive bodies act in accordance with an approved development strategy and main business goals of IIB.
1.2. The board of directors establishes basic long-term targets of IIB’s activity, evaluats and approves its key performance indicators and principal business goals, as well as evaluates and approves its strategy and business plans in respect of its principal areas of operations.
1.3. IIB`s board of directors determines IIB’s policy on remuneration to and/or reimbursement of costs incurred by its board members, members of its executive bodies, and other key managers.
1.4. IIB Board examines and approves the company’s strategic, operational and financial plans and the corporate structure of IIB-DG.
2. The board of directors is accountable to IIB-DG’s shareholders.
2.1. Information about the board of directors’ work is to be disclosed and provided to the shareholders.
2.2. The President of the board of directors must be available to communicate with the IIB’s shareholders.
2.3. Directors guide and are involved in the fundamental decisions of the corporation on behalf of the shareholders.
3. IIB board of directors procures evaluation of the quality of its work and that of its committees and board members.
3.1. Evaluation of the quality of the board of directors’ work should be aimed at determining how efficiently the board of directors, its committees, and board members work and whether their work meets the IIB’s needs, as well as at making their work more intensive and identifying areas of improvement.
3.2. The quality of work of the board of directors, its committees, and board members should be evaluated regularly, at least once a year. To carry out an independent evaluation of the quality of the board of directors’ work, it is recommended to retain a third-party entity (consultant) regularly, at least once every three years.
3.3. The board monitors the performance of IIB-DG’s management and operations and sets broad policies and objectives for IIB-DG.
IIB `s board of directors is responsible and accountable for the overall governance and performance of IIB-DG. IIB Board is the primary governing body of IIB and is responsible for the overall activities of the organization. The Board makes and implements major organizational decisions. The Board of Directors is charged with ensuring that IIB is properly run and managed under the provisions of IIB`s Statute and the general directives laid down by the Board.
The Board of Directors is responsible for taking decisions for granting finance, particularly in the form of loans and guarantees, raising loans, fixing interest rates on loans granted, as well as commission and other charges. The board evaluates the general performance of the IIB, paying particular attention to the information received from the executive committee (when established) and the managing directors, and periodically comparing the results achieved with those planned.
The Board of Directors is responsible for the general conduct of the business of IIB-DG and exercises the powers delegated to it by the shareholders of IIB-DG. The IIB President chairs meetings of the Boards of Directors and is responsible for the overall management of the IIB.
President
The President manages the work of IIB-DG under the guidance of the shareholders. President creates, communicates and implements the organization’s vision, mission and overall direction. The President is responsible for the day-to-day activities, management of the IIB and reports to the IIB Board of Directors. The IIB operates day-to-day under the leadership and direction of the president, management and senior staff. He is assisted by three Vice-Presidents: The Vice-President in charge of Finance, Corporate Services and global Practices and the Vice-President in charge of Operations.
Executive Management Committee
The Executive Committee oversees all key aspects of the strategy, performance and financial soundness of IIB-DG. The day-to-day running of IIB-DG is conducted by the Executive Management Committee, which reports to the Board of Directors, who together drive the strategic direction of the business.
Under the authority of the President and the supervision of the Board of Directors, it oversees the day-to-day running of IIB-DG, responsible for its overall management, prepares decisions for Directors and ensures that these are implemented. The President chairs the meetings of the Management Committee. The members of the Management Committee are responsible solely to IIB-DG; they are appointed by the Shareholders, on a proposal from the Board of Directors. IIB-DG officers handle the day-to-day matters of IIB-DG as well as carry out the directors’ decisions and policies.
Our management board is charged with developing and implementing our strategy as well as complying with legislation, regulations, and risk management. These include Banking Operations, Credit, Administration, Human Resources, Finance, Treasury, Legal Services, Research and Planning, Strategy and International cooperation, Trade finance, Project and Export Development Finance, Risk Management, Executive Secretariat, External Communications, Corporate Finance and Advisory Services, Syndications and Specialized Finance, Information Technology, Compliance and the office of the President and Executive.
Senior Leadership Group
The IIB Senior Leadership Group lead strategic planning and critical decision making. They manage budgets, approve major expenditures, and maintain important strategic partnerships. They may also serve as a public “face” representing the company and making official statements. IIB-DG officers handle the day-to-day matters of IIB-DG as well as carry out the directors’ decisions and policies.
IIB grounded in hierarchical structures to preserve order, encourage transparency and have a clear chain of command. The board of directors agrees on the general direction of the IIB, the executive management agrees on how they should reach this goal, and the senior leaders execute the plan. They are responsible for implementing the decisions of the board and executive team. They should ensure that every employee knows their tasks and the IIB’s guidelines. they are not a decision-making body and serve only in an advisory capacity. It should still be the executive committee and the board who run the show.
The IIB senior leadership team are the principal judges of risk management. Their instincts of when to take a risk should be listened to as they have a detailed knowledge of their employees’ and the IIB’s capabilities. Senior leaders play a key role in hiring, promoting and reviewing the performance of employees in their departments.
Advisory Board
The Advisory Board (AB) is responsible for advising IIB on issues of strategic importance for the smooth and profitable operation of IIB. The role of the IIB advisory board is not to make decisions but rather to provide IIB with current knowledge, critical thinking, and analysis to increase the confidence of the decision-makers of the IIB Board of Directors.
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Philip C. BamuPE, CEng, FIStructE, FZweIE, MASCEChairmanRead Philip’s Bio -
Herman J. CohenPresident, Public Private Partnership ArrangementsRead Herman’s Bio -
Terry HortonPresident, Housing InfrastructureRead Terry’s Bio -
Mary BezziniPresident, EnergyRead Mary’s Bio -
David OberlePresident, InfrastructureRead David’s Bio -
Caleb MakwiranzouPresident, Southern AfricaRead Caleb’s Bio -
Frank ElswickPresident, Road InfrastructureRead Frank’s Bio -
Basha WhiteVice President, Public RelationsRead Basha’s Bio -
Patrice MuyaMBAVice President, FinanceRead Patrice’s Bio
IIB DG Organizational Structure
Corporate governance
IIB-DG is committed to the highest standards of corporate governance. Throughout the IIB-DG, responsibilities and related controls are defined and delineated, and we are also actively engaged in promoting better corporate governance at a client and country level.
Corporate governance
IIB-DG is committed to the highest standards of corporate governance. Throughout the IIB-DG, responsibilities and related controls are defined and delineated, and we are also actively engaged in promoting better corporate governance at a client and country level.
