Archive Monthly Archives: June 2017

Africa’s economy continues to develop under robust corporate governance principles

Most countries across Africa have robust corporate governance codes of practice at present, as economic prosperity increases across the continent.

A new joint study by ACCA (the Association of Chartered Certified Accountants) and KPMG has found standards of corporate governance code are well aligned with OECD (Organisation for Economic Co-operation and Development) Principles of Corporate Governance released in 2015.

The 15 countries examined in this study were Egypt, Ethiopia, Ghana, Kenya, Malawi, Mauritius, Morocco, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Tunisia, Uganda and Zambia.

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12 Questions to Determine Board Effectiveness

With boards facing increased regulatory and diversity pressures, the basics matter more than ever.

In many countries, boards of directors (particularly those of large organisations) have functioned too long as black boxes. Directors’ focus has often – and understandably so – been monopolised by a laundry list of issues to be discussed and typically approved at quarterly meetings. The board’s own performance, effectiveness, processes and habits receive scant reflection. Many directors are happy to leave the corporate secretary with the task of keeping sight of governance best practices; certainly they do not regard it as their own responsibility.

However, increased regulatory pressures are now pushing boards toward greater responsibility, transparency and self-awareness. [MORE]