1. Key Steps in Developing CG Scorecards Ralitza Germanova IFC Global Corporate Governance Forum Vienna, May 17-18, 2012

2. 2 Key Steps in Developing CG Scorecards/1 STEP 1: Identify relevant benchmark STEP 2: Involve key Institutions STEP 3: Develop the Tool (Scorecard) STEP 4: Discuss draft Scorecard with stakeholders STEP 5: Peer review of the Scorecard National CG Code International CG Principles Others CG Task Force Regulators Stock Exchanges CG Commissions Local partners IOD Local/International Consultant Company/bank CG Task Force Regulators Stock Exchanges CG Commissions Local partners National International

3. Key Steps in Developing CG Scorecards/2 3 STEP 6: Launch and Promote the CG Scorecard STEP 7: Train local partners to use the Scorecard STEP 8 & 9: Support companies & institutions in applying CG Scorecard STEP 10: New uses of CG Scorecards End users depending on the type of scorecard Evaluators/rating team National conferences Other events CG Assessments Capacity-building

4. Key issues  Scorecards developed in isolation  One or more benchmark used  Involvement of all key partners  Lack of peer review (national & international)  Importance of creating awareness 4