‘IoDZ ready to give corporate governance advice’

THE Institute of Directors of Zambia (IoDZ) will continue to consult and make appropriate statements on issues bordering on good corporate governance and its benefits.
To this effect, IoDZ is today expected to host the African Corporate Governance Network meeting (ACGN) to assert the institute’s belief that good corporate governance is a fundamental requirement to improving economic performance.
ACGN was launched in Mauritius in 2013 to develop institutional member capacity for enhancing effective corporate governance practice, building better organisations and corporate citizens in Africa.
IoDZ president Sherry Thole said the institute will also continue to make relevant recommendations on the best practices, and the hosting of ACGN in the country reinforces the process.
“ACGN’s presence in Zambia will just validate our belief that corporate governance is a fundamental prerequisite to improving economic performance, facilitate corporate access to capital and improving the investment climate in Zambia and Africa as a whole,” she said in an interview last Wednesday.
The meeting, scheduled for February 16-17, 2015 has attracted participants from over 14 countries.
Among countries attending are Ghana, Algeria, Egypt, Ethiopia, Ivory Coast, Kenya, Malawi and Mauritius.
Other countries are Morocco, Mozambique, Nigeria, South Africa, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe.
She said ACGN is currently in discussion with similar institutions in Nambia, Senegal, Botswana and Seychells to establish their membership.
IoDZ executive director Sabina Luputa said the meeting will provide a platform for ACGN members to interact with some of the institute’s members from both public and private sectors.
“[This] will provide a platform for ACGN members from other African counties to interact with some of our members from both the public and private sectors,” she said.
Mrs Luputa said good corporate governance if, adopted by firms will allow them to gain the trust of investors, customers and the community at large.

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