Nora Brown and I spent the morning at a conference about Achieving Scale in Entrepreneurship, hosted by the World Bank's International Finance Corporation and sponsored by the Kauffman Foundation. Pradeep Ramamurthy, Senior Director for Global Engagement, United States White House, gave the opening speech, referring in particular to President Obama's Cairo speech, which emphasizes the enormous importance of entrepreneurship in addressing the economic and social problems of Middle Eastern and other high-unemployment emerging market countries. This was followed by a panel in which data were presented about the time it takes in 100 different countries to register a company; this varies greatly, and is, by and large, associated negatively with the degree of entrepreneurial activity. Another panel discussed the corporate governance challenge facing start-up companies, and how in particular the choice of Board Directors and the relationship between Management and Board can have a decisive importance in facilitating or hindering company growth. Brazil's Institute of Corporate Governance (http://www.ibgc.org.br/English.aspx) was held up as a model, not only for emerging markets but for any country's companies. A very interesting event.
Guy Pfeffermann is the founder and CEO of the Global Business School Network.