Mr. Rockson Dogbegah, President of the Institute of Directors (IOD) of Ghana, was unanimously elected President of the African Corporate Governance Network (ACGN).
Dr Mike Eric Juru, President of the Institute of Directors of Zimbabwe (IoDZ) was also elected Vice-President, Victoria Silutongwe, former President of the Institute of Directors of Zambia, as secretary.
It was in a press release made available to the Ghanaian news agency on Sunday.
He said 19 members and nine affiliate members from 19 African countries, representing more than 20,500 senior executives and directors across the continent, participated in the election.
The statement said the new leadership has been given a two-year mandate to realign the governance structure of ACGN, develop the network, create synergies and strengthen its impact at the pan-African level.
He noted that the growing trend of intra and intercontinental trade transactions triggered by the African Continental Free Trade Agreement (AfCFTA) and the increased flow of development into financial institutions (DFIs) in Africa has given rise to the importance of corporate governance on the continent.
It is therefore “imperative to develop initiatives that guide the formulation of Africa-specific guidelines for corporate governance that uphold the continent’s business dynamics and capitulate with global standards.”
The statement noted that corporate governance is a universal language transcending borders and continents and that ACGN is in the process of formulating a continental standard corporate governance code to incorporate sector codes.
He said that, according to the International Monetary Fund, Africa will host seven of the 10 fastest growing economies in the world over the next five years, adding: “With the current focus on growth and development in Africa, the good corporate governance and the ability to build in this area is crucial. “
ACGN was founded in 2013 to provide policy makers and market players with an important forum to exchange experiences and good practices in order to address the current challenges of corporate governance in Africa.
He is supported by the World Bank and the International Finance Corporation and has been trained to develop the institutional capacity of ACGN members to improve effective corporate governance practices with a view to building private and public sector organizations. and corporate citizens in Africa.
Institute of Directors Ghana is a non-profit, non-political organization in Ghana that believes in corporate governance as a prerequisite for a vibrant economy.
Mr. Rockson Dogbegah, its Chairman, is the Founder and Executive Chairman of Berock Ventures Limited, a construction company.
He won the Best Entrepreneur Award in the Building and Civil Engineering category (3rd UT) Ghana Entrepreneurs Award in 2012 and the International Nobles Award in the same year and also won the Emerging Entrepreneur of the Year-Ernst award. and Young Entrepreneur Awards West Africa in 2013.