African governance leaders to convene in Zambia
Wednesday, 18 February 2015
“Enhancing effective corporate governance practices is an imperative step towards building better private and public sector organisations in Africa,” says Jane Valls, chairman of the African Corporate Governance Network (ACGN) ahead of the network’s first meeting of the year, scheduled for 16-17 February in Lusaka, Zambia.
The ACGN is a collaborative network of director membership organisations that promote effective corporate governance on the African continent. The bi-annual meetings provide a platform for network partners, policy makers and market participants to exchange experiences and best practices aimed at addressing ongoing corporate governance challenges in Africa.
“The ACGN is still in its early years but has already come a long way since its launch in October 2013,” says Valls. “We now have 16 members and 7 affiliate members from 16 countries, together representing the voice of over 16,000 directors and senior executives in Africa.”
In line with the network objective of enhancing effective corporate governance practices, and building better organizations and corporate citizens in Africa, the focus in the last 18 months has been on growing the network, and developing institutional member capacity.
Current members of the ACGN include Egyptian Institute of Directors, Ethiopian Institute of Corporate Governance; Institute of Directors Ghana, Institut National des Administrateurs de Cote d'Ivoire, Institut Arabe des Chefs d’Entreprise (Tunisia), Institute of Directors Kenya, Institute of Directors in Malawi, Mauritius Institute of Directors, Institut Marocain des Administrateurs, Institute of Directors Mozambique, Institute of Directors Nigeria , Institute of Directors in Southern Africa, Institute of Directors in Tanzania, Institute of Corporate Governance of Uganda, Institute of Directors of Zambia, Institute of Directors Zimbabwe.
The IoD Zambia in association with Stanbic Bank Zambia hosted the international delegation of institute professionals in Lusaka, Zambia. “As IoD Zambia continues to consult and make appropriate statements on issues bordering on good corporate governance, and making relevant recommendations on the best practices, the coming of ACGN to Zambia just reinforces the process,” says Sabina Luputa, Executive Director at the Institute of Directors of Zambia. “It is with much gladness that we receive the ACGN members in Zambia, to come and interact with some of our members, as a starting point for networking.”
“We will continue to build on these foundations to grow the network, undertake research and provide a common platform for advocacy ultimately to ensure a favourable investment climate in the countries we represent. We understand the importance of good corporate governance and the need for effective corporate governance practices for sustainable development,” concludes Valls.
Jane Valls: Chairman of the African Corporate Governance Network
For more information on the ACGN please visit www.afcgn.org