The Institute of Directors in Southern African (IoDSA) in conjunction with the International Finance Corporation (IFC) and sponsored by the Swiss State Secretariat for Economic Affairs (SECO) is looking for case studies that are recent and relevant to the African continent corporate governance environment and landscape.

Case studies must be based on actual corporate governance cases in Africa, within organisation which can be expected to, or choose to, apply the principles contained in the King Code for Governance Principles in South Africa and the King Report on Governance in South Africa ("King III”) or the relevant corporate governance code of the country within which the organisation operates.

The IoDSA, the IFC and SECO are offering prizes to the value of R170 000.

For more information on criteria, submissions and prizes, please visit http://bit.ly/1gLtsGN

ENDS

MEDIA CONTACT: Cathlen Fourie, 012 664 2833, [email protected] 

For more information on the IoDSA please visit:
Website:  www.iodsa.co.za
Twitter:  @The_IoDSA
LinkedIn: The Institute of Directors in Southern Africa group   

Africa’s current shortage of experienced and skilled directors is one of the chief hurdles to the strengthening of its corporate governance capabilities. The African Corporate Governance Network (ACGN) aims to play a positive part by conducting research on and storing information on corporate governance. In this way, it will create a resource for its members to use, particularly when it comes to supporting the ongoing training of a pool of directors.

“The case for corporate governance in Africa is a strong one, but we face significant challenges,” says Jane Valls, chairperson, ACGN. “The continent’s economies are very diverse in terms of economic and political maturity, and there is no continent-wide standard of corporate governance. The ACGN has a critical role to play in lobbying legislators, as well as educating both the private and public sectors about the benefits of corporate governance.”

At its last meeting in Dar es Salaam, the ACGN has welcomed the Institute of Corporate Governance Ethiopia and the Institute of Corporate Governance of Tunisia as members, and both the Ethics Institute of South Africa and the Association of Chartered Certified Accountants have become associate members.

In all, 11 countries were represented at the meeting (Tanzania, Kenya, South Africa, Mauritius, Uganda, Nigeria, Mozambique, Zimbabwe, Zambia, Ethiopia and Tunisia), while the ACGN has now grown to represent a total of 14 countries, indicating how broad the support for the ACGN initiative is.

“The continuing expansion of the ACGN is good news for Africa’s growth prospects,” says Angela Oosthuizen, CEO of the Institute of Directors in Southern Africa. “South Africa is fairly mature in corporate governance terms, having released the first King Code in 1994 and with the fourth revision now underway. We are committed to making our experience available to our colleagues in the ACGN, and hope that King IV will act as a benchmark for African codes of corporate governance.”

The ACGN was founded in 2013 to help build capacity in corporate governance across the continent, so building better organisations and corporate citizens across Africa. Its members are united in their belief that strong corporate governance is essential to successful, sustainable companies and thus holds the key to African economic growth.

ENDS
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MEDIA CONTACT: Cathlen Fourie, 012 664 2833, [email protected] 

For more information on the IoDSA please visit:
Website:  www.iodsa.co.za
Twitter:  @The_IoDSA
LinkedIn: The Institute of Directors in Southern Africa group