Executive Training on Corporate Governance and Strategic Leadership for Board Directors — The Gambia Fiscal Management Development Project

REQUEST FOR EXPRESSIONS OF INTEREST

Name of Project: The Gambia Fiscal Management Development Project (P166695)

Grant No.: IDA-D6190

Assignment Title: Recruitment of Consultancy Firm to carry out The EXECUTIVE Training on Corporate Governance & Strategic Leadership for Board of Directors

Reference No. GM-PPPPE-307600-CS-CQS

Background:

The Government of The Gambia, through a World Bank financed project of USD 35 million, the Gambia Fiscal Management Development Project, is implementing activities geared towards strengthening the financial and operational efficiencies of State Owned Enterprises (SOEs) within the country. In particular, the project objectives caters for the realization of increased fiscal space, as well as the efficient and effective utilization of public resources within SOEs.

The SOE sector in The Gambia comprises of 13 SOE’s delivering public services in various sectors such as energy, telecommunication, agriculture, transport, services, petroleum amongst others. Over the years, SOEs have posed significant fiscal risks on public finances due to weak operational and financial performance. In the Gambian context, attaining prudent management of SOEs has been a challenge, but Government has embarked on certain reforms that are expected to enhance their operational efficiencies and help them attain their core objectives in the delivery of services to the public.

The Board of Directors of the various SOEs have a critical role to play in ensuring effective and efficient operation of SOEs. The responsibilities of the Board includes setting the company’s strategic aims, providing strong leadership within SOEs, availing them the requisite support, supervising the management of the business, and reporting to shareholders on their stewardship. As such, there has been a need to enhance the capacity of the Board of Directors of all the SOEs to assist in achieving optimal performance.

The EXECUTIVE Training on Corporate Governance & Strategic Leadership for Board of Directors will equip Board of Directors across SOEs with the requisite knowledge and skills needed to execute their mandate effectively. The course will further empower them to diagnose and respond to SOEs specific challenges.

Objectives

The Executive training aims to provide the knowledge and skills needed by the Board of Directors to improve the efficiency of their respective institutions.

The training objectives for Board of Directors are as follows:

• Strengthen their leadership role with good governance practices;
• Implement strong Financial Reporting Frameworks and interpreting financial statements;
• Define risk management parameters to strengthen initiatives against Fraud and Corruption;
• Assist board members to fully understand their roles and obligations, and to appreciate the value of shared goals;
• Enhance greater loyalty, retention and productivity throughout the SOEs;
• Develop an approach that supports SOEs reputation and in line with values and ethics;
• Examine the board’s role in corporate governance and learn how to improve board effectiveness;
• Strengthen policy formulation and strategic decision making at the Board level

Scope of Services

The assignment of the consultancy firm is to strengthen the capacity of existing board members through the existing Corporate Governance regulations and to provide examples of Best Practices.

In addition to the objectives highlighted above, the scope of training will include the following:

• Prepare course content (training materials relevant to the training objectives)
• Administer the training to participants
• The sharing of training materials with trainees and other learning aids.
• The Certification of attendance for Board members
• Develop tools to be adopted for monitoring purposes.
• Prepare a training report that assesses the implementation of the activity. The report should also highlight the firm’s and board members overall perspective of the activity, limitations of the training, strengths and weaknesses, and recommendations for improving similar training sessions in the future. Qualifications, Experience, and Competencies

The firm should have:

• At least 10-15 years of experience in training (capacity building), especially in the area of Board of Directors, including issues relating to Board Development, Corporate Governance, Policy Formulations, Strategic management, Fraud and Risk detection, interpreting financial statements, to name but a few.
• Strong understanding of the public sector, and more specifically, experience in the operations of State-Owned Enterprises in The Gambia will be an asset.
• Prior record of supporting or coaching well-known companies or organizations will be an asset.
• Having a local experience will be an added advantage. Lead Consultant

Team Members

The consulting firm must provide a maximum of two other consultants as team members. Team members must carry at least a Master’s in Business Administration, Finance, Accounting, Human Resource or any related field. They must have a minimum of 10-15 years’ related experience.

Submission Requirements:

The Ministry of Finance and Economic Affairs (MoFEA) through the Gambia Fiscal Management Development Project, now invites eligible consulting firms to indicate their interest in providing the Services. Interested Consultant firms should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July dated July 2016 and revised November 2017 and August 2018 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

Consultant Firms may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications.

A Consultant will be selected in accordance with the Consultant Qualification Selection (CQS) method set out in the Consultant Guidelines. Further information can be obtained at the address below during office hours from 09:00 to 16:00.

Expressions of interest should be delivered in a written form to the address below (in person, or by mail) on 24 October 2022 at 12h30 GMT

Gambia Fiscal Management Development Project GFMDP

Ashobee Store Building

2nd Floor, Banjul

The Gambia

Email: [email protected], and [email protected]