- 20 Marks
MRB – APR 2023 – L4 – Q6 – Corporate Governance in Microfinance Institutions
Explain the concept of corporate governance for microfinance and discuss its importance to the survival of microfinance institutions, in the context of a new Managing Director addressing a Director's concerns.
Question
You have been appointed as a Managing Director of a microfinance company. Prior to your appointment, one of the Directors of the company intimated that they have been to several Corporate Governance training programs but complained that most of the time, the training is loaded with many people and the time allotted was inadequate, so he was not able to ask questions on the basic principles of Corporate Governance practices in Microfinance institutions.
a) Explain the concept of corporate governance for Microfinance. [6 Marks]
b) Discuss the importance of corporate governance to the survival of microfinance institutions.
[14 Marks]
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