“As the leaders of the World Bank Group, we have an obligation to those we serve and those who support our work to maintain high standards of business conduct. That includes being a model of good governance practices such as transparency.”
Robert B. Zoellick, President
The Bank Group has a financial disclosure program to ensure that any actual, potential or apparent conflicts of interest arising from staff members’ financial interests, business relationships, other private affiliations or outside activities, or those of their immediate family members, can be identified and managed in the best interests of the Bank Group. Staff members are required to complete and submit their confidential financial disclosures on an annual basis. The World Bank Group’s Office of Ethics and Business Conduct administers the program in accordance with Principle 3 under the Principles of Staff Employment and Staff Rule 3.03, Financial Interest and Disclosure. The 2008 World Bank Group Annual Report announced that for the first time there will be public disclosure of financial and outside interests by the Bank Group’s Senior Management Team. Public disclosure is not a requirement of the Bank Group’s Financial Disclosure Program. The Bank Group’s Senior Management Team has decided to make its disclosures public in the spirit and interest of good organizational governance. Further, the disclosures filed by the members of the Senior Management Team are more comprehensive in nature than under the regular staff program, given the breadth of their responsibilities. The Office of Ethics and Business Conduct has engaged the services of a senior and experienced financial disclosure professional to review in-depth and certify the disclosures of the senior management team. The summary disclosure statements are posted on this site after they have been reviewed and certified, and an accounting firm has performed agreed-upon procedures to evaluate the consistency of the summary with the more detailed internally-disclosed information. That agreed-upon procedures engagement was conducted in accordance with standards promulgated by the American Institute of Certified Public Accountants. Senior Management Team members subject to public disclosure for 2007:
Robert B. Zoellick, President (PDF)
Graeme Wheeler, Managing Director (PDF)
Juan Jose Daboub, Managing Director (PDF)
Ngozi Okonjo-Iweala, Managing Director (PDF)
Vincenzo La Via, Chief Financial Officer (PDF)
Justin Yifu Lin, Senior Vice President and Chief Economist (PDF)
Lars Thunell, Executive Vice President, IFC (PDF)
Marwan Muasher, Senior Vice President, External Affairs (PDF)
Vinod Thomas, Director General, IEG (PDF)
Yukiko Omura, (former) Executive Vice President, MIGA (PDF) |
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