Addis Ababa August 09/2017 Ethics in business and good corporate governance will help accelerate sustainable development in Africa, according to African Corporate Governance Network (ACGN).
While opening the 11th African Corporate Governance Network (ACGN) underway here, ACGN Chairman Said Kambia said Africa needs corporate governance to sustain the overall development of the continent.
The aim of the conference is to demonstrate, build and create the essence of corporate governance sprit in the continent, he added.
Panel discussions that focus on corporate governance in Africa and lessons learnt in corporate governance through African case studies at an entity and regulatory level will be part of the three-day conference.
Ethiopia is hosting the Conference for the first time under the theme “Ethics in Business and Good Corporate Governance”, it was learned.
Speaking on the occassion, Ethiopian Institute of Corporate Governance (EICG) President, Dr. Eshetu Temesgen said ethics in business and good corporate governance are the main pillars to accelerate the ongoing development in Ethiopia.
“Ethiopia’s business community and private sector, despite its high potential for growth and diversification, remains underdeveloped due to the low level of formalization in business structures and relations”, Dr. Eshetu noted.
According to the President, fundamental transformation in formalizing the business tradition and culture and the introduction of balanced structure is of crucial importance to ensure full participation of the private sector in all business endeavors.
The conference is jointly organized by African Corporate Governance Network and Ethiopian Institute of Corporate Governance.
African Corporate Governance Network is a collaborative network of director membership organizations that promotes effective corporate governance in the continent and now has over 20,500 senior executives and directors in 19 member countries.