Nana Otuo Siribour II, President of the Council of State, called for a redefinition of corporate governance, with a practice that goes beyond adhering to the new ethics, integrity, honesty and transparency.
He said corporate governance was more than just a set of guidelines and it was a framework that underpinned the core values of the management of businesses and corporate entities, including a commitment to communicate transparently and transparently with stakeholders.
He advised Corporate Bodies, Directors, Board Members and Managements of public service institutions to look beyond simply complying with the letter of new laws and regulations in a checkbox.
He urged all directors, board members and CEOs (CEOs) of corporate and public service institutions to remain true stewards of corporate responsibility, and their actions must demonstrate their dedication to that stewardship.
Nana Siribour II made the call during the first orientation workshop organized by the Civil Service Commission (PSC) in Accra, for members of newly elected boards and councils of government institutions.
The program; which aimed to have a positive impact on the management of public service institutions for better service delivery was on the theme: “Good governance practices in the midst of the COVID-19 pandemic: the role of boards of directors and the administration’s advice “.
Nana Siribour II, who chaired the function, said that good corporate governance is crucial to improve the long-term success and performance of institutions.
He urged them to do more to build and maintain an organization-wide ethical commitment to doing what’s right, so much so that it becomes intertwined with what might be perceived as the ” DNA ”essential to the organization.
He also urged directors on boards to be prepared to devote enough time to their duties, as inactive boards allowed management to plunder the company.
A more engaged board and board members could help identify pressure points, prevent the spread of small issues, and send a powerful message to an organization’s stakeholders that the board is focused on its responsibilities. , did he declare.
He said two points that have sometimes been overlooked in corporate governance discussions were the role of the board of directors to provide strategic direction and effective oversight, which should not be compromised.
Nana Siribour II stressed that allowing boards and councils to transform into operational committees and dilute their effectiveness and that of operational management would not benefit stakeholders or employees and could be a disaster for the institution.
He added that there was no one-size-fits-all solution to the corporate governance challenge, as there was a need for bodies to strive to maintain governance structures and processes suitable for all objectives and supporting a good decision-making by the board of directors, he added.
He said the key was for companies and their boards to understand the need for greater transparency and accountability, and to promote a corporate culture based on values and ethical behavior, because “a bad Governance in civil service organizations can lead to inefficiencies, low productivity, corruption and hence retard economic growth and development in Ghana.
Dr Mokowa Blay Adu-Gyamfi, presidential adviser on HIV, representing the chief of staff for the opening speech, said that it is the responsibility of all boards and boards to develop policies, rules and regulations appropriate, codes of conduct, monitoring and evaluation mechanisms and strategies to promote effective good governance practices in order to ensure the effective execution of their legal mandate.
She said moving Ghana forward can only be achieved if everyone behaves differently and called for a paradigm shift in mindset, attitudes and behaviors.
She said that while the public expected boards and boards, through their appointment to positions of trust, to perform their duties with integrity in a fair and impartial manner, areas of concern have been identified involving potential conflicts between their personal interests and their duties to their organizations. .
Dr Adu-Gyamfi said there were conflicts between boards, boards and chief executive officers (CEOs) to ensure accountability to stakeholders, especially in this era of the COVID-19 pandemic .
She urged public service commissions and councils to provide the appropriate vision and leadership for the advancement of government activities, and reminded their presidents, members and CEOs of the need to uphold the core ethics that governed their work. and demonstrate integrity in the performance of their duties. their work, avoid double standards, be bold and resist fraudulent practices.
She called on all public sector leaders to be innovative in mobilizing resources for their organizations to complement government efforts and take advantage of the technological opportunities presented by the pandemic and to digitally transform some of their delivery processes. services in the public service and identify ways to solve the problem. technological skills gap.
Dr Janet Ampadu Fofie, Chairperson of the Civil Service Commission, said the two-day program was the first in the series to be held for new boards, boards and general managers of Ghanaian public services, in order to provide them with information on their roles and mandate under article 190 of the Constitution of Ghana of 1992.