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IODZ fundraising proposal presentation

IODZ fundraising proposal presentation

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  • 1. Sponsorship Appeal: National Code on Corporate Governance NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 1
  • 2. LAYOUT OF PRESENTATION Objectives Business case for a Corporate Governance Code Our role Achievements to date Project structure Resource requirements Application of funds Mileage to the sponsor NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 2
  • 3. Objectives The objectives of this presentation are to: Raise funds for the code project Raise awareness about the code formulation process Encourage participation
  • 4. The Launch Process launched in September 2009 Deputy PM Mrs. T Khupe was the guest Prof. M King gave a key note address Launch was well attended.
  • 5. Project Promoters Institute of Directors Zimbabwe (IoDZ) Zimbabwe Leadership Forum (ZIMLEF) Standards Association of Zimbabwe (SAZ)
  • 6. Case for National Codes Ease of dissemination Flexibility of corporate governance practice Transparency Peculiar circumstances of a country addressed International norms considered
  • 7. Case for National Codes Stakeholder interest and buy-in promoted Bar is raised from minimum standards of the legal framework Investor confidence is fostered Sound corporate governance culture and systems entrenched
  • 8. Case for Corporate Governance Access to corporate finance Lower cost of capital Improved operational performance Increased company value Improved share value Reduced risk of corporate crisis
  • 9. OUR ROLE To: Examine existing statutes and relevance to business Examine other corporate governance codes Establish elements relevant to Zimbabwe Carry out research to establish needs of corporations and investors NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 9
  • 10. Our Role To: Draft code sensitive to local culture Market test acceptance and refine Launch code Promote usage
  • 11. Selling Points National code will: Reflect the country’s needs and peculiarities Have buy-in from broad participation Incorporate international norms on best practices
  • 12. Achievements To Date Project board, Committees and staff now in place Board and Committees manned by volunteers Meetings and research in progress Limited funds raised NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 12
  • 13. Thematic Committees Board and Directors Culture, ethics, values and development Integrated reporting and disclosures Public policy and corporate governance Compliance and stakeholder relationships Governance of Risk and IT
  • 14. Thematic Committees Specific requirements for State Owned Enterprises and Parastatals Accounting and Auditing Specific requirements for governance in Financial Institutions Governance of disputes and business failure Drafting Committee
  • 15. MANAGEMENT STRUCTURE PROJECT BOARD PROJECT STEERING COMMITTEE PROJECT MANAGER, SECRETARIAT, RESEARCH THEMATIC COMMITTEES UNIT & MANAGEMENT STAFF NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 15
  • 16. RESOURCE REQUIREMENTS TOTAL BUDGET $1 800 000.00 FUNDS RAISED TO DATE $135 500.00 FUNDS REQUIRED $1 664 500.00 NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 16
  • 17. APPLICATION OF FUNDS DESCRIPTION AMOUNT CAPEX $148 935 HR & ADMIN $125 612 RESEARCH $598 734 PR & ADVERTISING $133 000 ACCOUNTING & AUDITING $25 200 CONSULTANCIES $160 000 LAUNCHING OF CODE $499 000 PROJECT MANAGEMENT FEES $87 667 TOTAL $1 778 148 NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 17
  • 18. APPLICATION OF FUNDS NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 18
  • 19. Return on Sponsorship Platinum $50 000.00 AND ABOVE……. Acknowledgements: In the published national code At the corporate governance summits and project forums Code launch conference All related publicity NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 19
  • 20. Return on Sponsorship Plus: Five complementary tickets to the launch Five complementary tickets to all functions Invitation to sponsors dinner to be held on the eve of the launch
  • 21. Return on Sponsorship Gold sponsor: $20 000 but below $50 000 Acknowledgements: In the published code At the code summits and project forums Code launch conference All related publicity
  • 22. Return on Sponsorship Plus: 2 complimentary tickets to the launch conference 2 complementary tickets to all stakeholder forums Invitation to the sponsors dinner on the eve of the launch
  • 23. Return on Sponsorship Silver Sponsor: Below $20 000, but not less than $5 000 Acknowledgements: In the published code At the code summits and project forums Code launch conference All related publicity
  • 24. Return on Sponsorship Plus: 1 complimentary ticket to the launch conference 1 complimentary ticket to all stakeholder forums Invitation to the sponsors dinner on the eve of the launch
  • 25. Thank you Thank you! NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE 25