ACGF's governance structure combines the operational expertise of its Management Board with supervision by the Board of Trustees comprised of members of leading development institutions.

Photographer: Antje Heyn

Bernd Leidner and Dirk Josef Thiesen are the Chairman and Vice-Chairman of the Management Board, which oversees and manages ACGF’s operations and activities, supported by around 30 staff members in Germany and Afghanistan. Both combine more than 50 years of experience in the international financial sector, with specialized expertise in managing guarantee funds and foundations.

The Board of Trustees comprises three members – Two representatives of ACGF’s founders DEG and BMZ, as well as a third person with a sector- and country specific background. It supervises the Management Board and guides it in strategic decision making.

ACGF's Code of Conduct

Our Code of Conduct specifies the framework for doing business and supports its implementation by setting certain non-negotiable minimum standards of conduct in key areas. The values of ACGF serve as the foundation for the specification of this framework and are further described in the document below. 

Our Code of Conduct applies to all members of the management and governing bodies, and employees (including managers and long-term consultants) of ACGF. As such, everybody is obliged, within the scope of his or her entire business activity for ACGF and its subsidiary SCSA to comply with the applicable laws and other relevant regulations, with the ethical values and the other contents of this Code of Conduct in order to maintain and promote our good reputation. 


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