Accelerate Prosperity invites CV/Firm Profiles, Financial quotations inclusive of all (Taxes, Travel & Accommodation) from firms and/or individuals for Trainings & Mentoring Program on:
CORPORATE GOVERNANCE FOR STARTUPS & SMALL BUSINESSES
Accelerate Prosperity (AP) is a part of new global initiative of the AKDN in Central and South Asia, which follows guidance from the Aga Khan Foundation (AKF) Board to develop more formal structures to catalyze enterprises within AKDN’s main area development programs, where economic opportunities remain insufficient. Through patient capital and tailored business advisory to startups and businesses, AP complements broader employment-related programs of AKF and draws significantly on technical expertise from the Aga Khan Fund for Economic Development’s (AKFED) Industrial Promotion Services (IPS), and coordinates efforts with the AKDN’s financial institutions, the University of Central Asia and many other national partners.
AP’s approach combines financial and non-financial support, recognising that standalone business development services and traditional bank financing are inadequate to catalyse start-ups, grow small firms, and deliver job creation in fragile and emerging markets, particularly for marginalized groups in rural areas. The overall theory of change is that with improved business models, investment readiness along with tailored financing bundled with commercial and B2B linkages driven by the private sector, the supported businesses will be equipped to unlock private sector investments, sales and growth, leading to increased incomes and job creation.
PURPOSE OF CONSULTANCY
As a part of AP’s pre-and post-financing acceleration services to startups and existing businesses (small-sized), it aims to enable businesses to improve their corporate governance processes and systems, leading to improved business performance and growth, transparency, regulatory compliance, and shareholder’s confidence and satisfaction.
AP believes that Governance is the key not only to growth of the business but also its investment readiness for attracting external investments. It is a long journey and may not be immediately relevant, however it provides a key set of tools that businesses can apply incrementally overtime to support their competitive survival and growth. Businesses interested in attracting external private sector investors can use improved corporate governance as a core value proposition, as it is seen as more security and better return on investment by the investors and investment funds. “Entrepreneurs need to start governing their companies based on a certain set of principles, trusting that specific solutions and tools will evolve with the business as it grows. For example, even simple internal controls, when properly designed, help prevent fraud and allow for more accurate financial reporting and planning” (IFC, 2018).
The purpose of this consultancy service is to design and deliver training and advisory on corporate governance for small businesses to founders and owners of select start-ups and existing small businesses.
KEY LEARNING OUTCOMES
The participants of the training will be expected to gain improved knowledge/ understanding about corporate governance – key concepts, processes and execution strategy – as an outcome of the training. The participants are expected to gain improved understanding and skills on the following:
- Strategic Decision-Making and Management Practices;
- Recruiting Key Operations Positions;
- Succession Planning in Key Functions to Minimize Key Risks;
- Introducing and Executing Internal Controls to Manage Key Business Risks;
- Keeping External Advisors;
- Regular Financial Reporting and Key Updates to Shareholders;
- Governance for Family Businesses;
- Action Planning on Introducing Governance Processes and Systems.
- Mini-lecture (30%), Discussion (20%), Exercise/ Practice (15%), Examples (20%), Mentoring (15%)
The course should use a case-study approach in order to engage participants actively in the learning process. Before each course, participants should be encouraged to share their understanding about the course topics and issues around it. During the course, the trainer acts as facilitator along with his team, using interactive learning methods to help participants to share their experiences and learn through participation in activities such as group discussions, case studies, and intense exercises/ practice sessions. The trainer is expected to deliver the course in a way that all participants are able to apply the knowledge gained, in applying/ executing comprehensive and high-quality corporate governance methods for small businesses at the end of the training.
- Training on Corporate Governance for Small Businesses Delivered
- Intense Discussion on Utility of Governance Conducted through Examples/ Case Studies Conducted
- Intense Practice Exercises/ Sessions on Designing and Executing Governance Tools & Processes Conducted
- Exclusive Mentoring and Advisory on Governance conducted
- Action Plans on Introducing Governance Processes and Systems Developed
- Giveaways Shared – Action Planning Templates, Governance Examples, Case Studies
By the end of the course, all businesses will engage in Action Planning using the Governance Tools given to them by the trainers. At the end of the training, all participants should set out a set of high-priority actions that are practical, realistic, and quick to generate positive impact within a pre-defined span of time.
- Startups: Businesses with less than 3 years of operations, both pre-revenue and post-revenue stages. Most of the entrepreneurs are doing business for the first time.
- Existing Small Businesses: Micro and small businesses with more than 3 years of operations, post-revenue stage. Most of these businesses are run informally and do not have documented processes and systems.
NATURE OF CONSULTANCY
- 3 full days of training (6-8 hours per day, including tea & lunch breaks)
- 1 for AP team
- 2 for proposed businesses
- Between 25th October – 25th November 2018. Specific dates TBD.
KEY CAPACITIES REQUIRED
The required capacities include:
- 1 Trainers
- 2-3 Mentors (entrepreneurs or corporate Governance practitioners)
- 1-2 facilitators
Profile of the Trainer(s)
- An MBA from a reputed university;
- At least 5-7 years of experience in an established business/ corporation in a senior role in governance, management and/ or operations;
- A governance practitioner, with a demonstrated (at least 5-7 years) history of governance training and execution.
Profile of the Mentor(s)
- An entrepreneur with experience in setting up and growing a business, especially in challenging circumstances;
- An experience professional with significant experience in a corporation/ business in a senior role preferably in management and operations.
The participants’ learning results is assessed through the improved understanding of the trainees about key governance concepts, understanding its utility and execution methods. An improved understanding of the concepts and execution methods are assessed through the following scale (through pre-and post-training assessments). An average score of 70+ is considered of acceptable quality. Pre-and post-training assessments will be done by the AP team on the key topics and the intended outcomes mentioned in this TOR.
- 30% of the total value of consultancy service will be given as mobilization advance;
- 50% on the delivery of the training and its outputs mentioned above;
- 20% of the total value of consultancy will ONLY be given as the final payment if the average evaluation score is above 70. It is the exclusive responsibility of the trainer and his/ her team to achieve this score.
The interested individuals/companies can submit the soft copies of the detailed Profiles/CV’s of firms/Individuals along with financial quotations at the below email:
For any Questions/queries: firstname.lastname@example.org
The deadline for submitting quotations is MONDAY – 15 October 2018, 11:59 PM
Accelerate Prosperity reserves the right to close the bid before the deadline as soon as it finds the suitable candidate and the minimum competition is ensured.