Crisis in Microfinance Institutions: Is corporate governance a solution?
November 17, 2016, AUA, Yerevan, Armenia
By Prof. Marc Labie, Ph.D.
Professor of Management & Organization Studies
Université de Mons
Description: Corporate Governance is often identified as a major weakness of financial institutions. A recent research on «crises in microcredit institutions» has confirmed that it is indeed a topic that deserve a lot of attention. However, in order to be useful, this attention should be preventive; unfortunately, as shown by many banking and microcredit crises where governance was only scrutinized once the crises were already there, this is not always the case. The workshop will therefore try to identify the major items to which a credit organization should pay attention should it wish to improve its corporate governance. A special attention will be dedicated to board management in order to identify what it can do and what it should not be expected to provide.
He is one of the co-founder and co-director of the Centre for European Research in Microfinance (CERMi) based in Mons and Brussels, in Belgium. Professor Labie specializes in microfinance organizations. He has a B.A. in Economics and Social Sciences and a Ph.D. in Business Administration from the University of Mons. He has also studied for brief periods at the Universidad de Salamanca, at the London School of Economics and Political Sciences, as well as at Harvard University. He has worked in various countries including Benin, Bolivia, Burkina Faso, Colombia, the Dominican Republic, the Democratic Republic of Congo, Indonesia, Kenya, Madagascar, Morocco and Peru. He has co-authored numerous articles on microfinance. In 2011, he has co-edited with Beatriz Armendariz “The Handbook of Microfinance” published by World Scientific Publishing and in 2015, he has co-edited with Isabelle Guérin and Jean-Michel Servet “The Crises of Microcredit” published by Zed Books.