Intrabond Capital U.S. and Shanghai International Training Center for Economy and Information

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to provide board governance support for corporations in China

 

National PRC directory of board directors to be developed

 

San Francisco, CA, December 2, 2010 – Intrabond Capital U.S., Inc. announced today it has signed an exclusive contract with the Shanghai International Training Center for Economy and Information, approved by the China Ministry of Foreign Affairs, to provide board governance support for corporations in China.

The contract includes support by Intrabond for training and education, establishing a national directory of board directors and conducting evaluations of corporate boards, including public, state-owned and pre-IPO entities.

Initial activities will focus on training board directors, corporate directors and government officers to establish awareness of global best practices and accountability in governance. The national directory will provide a consolidated database of profiles of existing directors to provide guidance on continuing education needs and a tool for sourcing directors for future assignments. National directory participants will also become members of Intrabond’s international registry of board directors, called Board Bona Fide. Board Bona Fide is available to clients and executive search firms who seek qualified directors for boards of global companies.

CEO of Intrabond Capital U.S., Inc., Dr. Donna Hamlin, notes “We are delighted China is making this commitment to addressing board governance standards and are honored to be chosen to partner with China businesses on this important initiative. We are confident we can make a major contribution through Intrabond’s best practice board evaluation and assessment tools and our global knowledge of governance standards.”

“We are pleased to be working in cooperation with Intrabond Capital U.S. on this important program to improve our management and governing standards. This marks a major commitment to increase our corporate accountability and performance. With the help of Intrabond Capital’s educational support and tools for evaluation, Intrabond Capital will partner with us to contribute to our mission to establish major, positive change in meeting global corporate performance standards,” said Wang Genxiang, director of Shanghai International Training Center for Economy and Information.

Rodria Laline, Intrabond Capital European Director and board chair of Intrabond Capital U.S., comments “The challenge for boards of directors is to increase demonstrable effectiveness. She said,  “Effective boards challenge directors to increase a company’s reputation and lead in shaping society. Effective boards gain trust of consumers, shareholders, investors, and other stakeholders, and demonstrate transparency in what really matters in corporate and public governance. This agreement demonstrates the Public Republic of China’s commitment to create effective boards and guide the way to key issues in business value, competitive advantage and board engagement and, with the change over time, in the functioning of effective boards.”

Intrabond Capital provides global services, research and thought leadership on best practices in board governance.  Its proprietary tools and assessment services evaluate overall board effectiveness, assess individual and group dynamics and determine the impact of governance on corporate performance over time.

The Shanghai International Training Center for Economy and Information is approved by the China Ministry of Foreign Affairs and is set up jointly by the United National Institute for Training and Research (UNITAR) and the Shanghai Municipal government. It is an Asia-Pacific region-oriented international training institute and also a member of the CIFAL Network.

 

For further information, contact Donna Hamlin at donna.hamlin@intrabond.com  Intrabond Capital U.S., Inc. 525 Market Street 25th Floor San Francisco, CA 94105 tel: +1 415-513-0903

 

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