Title: Studies of IMF governance : a compendium /
Authors: Martinez-Diaz, Leonardo, 1976-; Lamdany, Ruben, 1954-; International Monetary Fund.
Publisher: International Monetary Fund,
Year: 2009
Subjects: International Monetary Fund Management.; Financial institutions, International Management.; International finance.; Corporate governance.
Abstract: This compilation presents the most recent work to date on the subject of governance of the IMF and contributes to the ongoing dialogue on how best to strengthen the governance of this important global institution. Good governance can contribute to the IMF's legitimacy by ensuring appropriate voice and representation for the membership, by allowing the Fund to fulfill its mandates effectively and efficiently, and by facilitating accountability for relevant stakeholders. Three main conclusions follow from the studies in this volume. First, to strengthen its legitimacy and effectiveness, the Fund needs greater, higher level and more transparent involvement of member country authorities in its governance. Second, the Board needs to play a stronger role in strategy development and oversight, which requires a shift away from the day-to-day business of the organization. Finally, there are significant accountability gaps that need to be addressed if the IMF is to remain effective and regain legitimacy.--Publisher's description
Contents: Evaluating the governance of the IMF / Ruben Lamdany, Leonardo Martinez-Diaz -- Governance of the International Monetary Fund / Alexander Mountford -- The IMF Council of Governors / Alisa Abrams -- The role of the International Monetary and Financial Committee in IMF governance / Alexander Shakow -- Executive boards in international organizations / Leonardo Martinez-Diaz -- Lessons from private sector governance practices / Dalberg Global Development Advisors -- The role and evolution of executive board standing committees in IMF corporate governance / Jeff Chelsky -- Summarizing the views of the IMF Executive board / Jeff Chelsky -- Financial oversight of the International Monetary Fund / C. Scott Clark, Jeff Chelsky -- Managing conflicts of interest and other ethics issues at the IMF / Katrina Campbell -- The process for selecting and appointing the managing director and first deputy managing director of the IMF / David Peretz -- IMF surveillance: a case study on IMF governance / Biagio Bossone -- The design of the IMF's medium-term strategy: a case study on IMF governance / Biagio Bossone -- IMF governance and financial crises with systemic importance / Randall W. Stone.