Governance encompasses the operational and financial sustainability of a microfinance institution involving all stakeholders (employees, managers, clients, financial partners, shareholders, donors and government agencies, etc.).  It relates to an institution’s internal operating and control procedures, and incorporates a strategic vision and structure of the institution that is transparent, efficient and acceptable to all stakeholders.  As a system of checks and balances, a board of directors is established to manage the managers, and management is involved in day-to-day operations of putting the institution’s vision into action.

The Practice of Corporate Governance in Microfinance Institutions. (2012).  Council of Microfinance Equity Funds issued new guidelines for MFIs.

Principals and Practices of Microfinance Governance

Effective Governance for Microfinance Institutions   

Handbook for the analysis of governance of microfinance institutions  

Handbook for the Analysis of the Governance of Microfinance Institutions   

Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States    

Board Governance in Microfinance Institutions – Toolkit

Effective Governance for Microfinance Institutions  (CGAP)

Principles of Credit Union Governance

Subsidies and financial performances of the microfinance institutions:  Does management matter?  (management and governance issues in microfinance).

Guía para la adopción de principios de buen gobierno en instituciones microfinancieras     

Código Universal de Gobierno Corporativo para Instituciones Microfinancieras    

Effective Governance: A Guide for Microfinance Associations (English),   en espanol , en francais