Sierra Leone: IFC, Accountants Partner to Enhance Capacity for Board Members

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IFC and the Institute of Chartered Accountants of Sierra Leone (ICASL) are working together to help grow Sierra Leone’s economy by improving the capacity of board members serving in the country’s companies with the belief that competent members will boost business performance.

“ICASL seeks to mitigate risk for businesses by helping them strengthen their regulatory framework and support good corporate governance practices,” said Buffy Bailor, President, ICASL.

The partners opened the first Corporate Governance Board Leadership Training of Trainers Program in Sierra Leone that gathers seasoned trainers to equip them with skills and resources to provide specialized Corporate Governance training to company board members and decision-makers to adapt good corporate governance practices.

The three-day event is facilitated by IFC’s Africa Corporate Governance Program in Sierra Leone aimed at improving the performance of businesses by helping them adopt regionally-customized and good corporate governance practices and standards.

Its implementation is supported by the Conflict Affected States in Africa (CASA) initiative which helps fragile and conflict affected states to attract investment, improve their business environments and grow their economies.

IFC Country Representative for Sierra Leone Frank Ajilore noted that this is a priority for IFC as these practices also help companies safeguard against mismanagement.

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