Challenges in Corporate Governance in Africa




Corporate Governance
Knowledge Center

Translate

Forum
7
Atem Abraham Ajang
Management Consultant, South Sudan

Challenges in Corporate Governance in Africa

What are the challenges facing corporate governance in Africa and how can those challenges be eradicated?
 

Rating

 
2
Malcolm R Boyd
CEO, South Africa
 

Corporate Governance Challenges in African Organisations

Hi Atem, great question. Our experience in the nonprofit and social impact sector is that as high as 90% of the individuals who accept a seat on a governing body have never sat on a board before. This generally leads to dysfunctional decision making on behalf of the organisation.
A report issued in 2015 showed that of the 28 Billion pounds allocated by EU to developing countries, approximately 50% was wasted in Africa and the middle east, due to poor management and lack of governance. The World Institute of Governance for Nonprofit Organisations (www.wignpo.org) is being established to address this along with other governance challenges such as lack of correct board composition, no succession planning, no clear understanding of the skills mix required, no board orientation conducted etc.
I am looking forward to follow any further reactions in this conversation.

 
3
Jaap de Jonge
Editor, Netherlands
 

Governance Challenges for Africa

Freedom House mentions 5 governance challenges for Africa (2015): Dismal State of Press Freedom ... Sign up

 
3
Jaap de Jonge
Editor, Netherlands
 

Corporate Governance Challenges for Africa

Joanne Henstock mentions following 5 key Corporate Governance themes for Africa: Lack of common... Sign up

 
0
Dachi Ladajau
Student (University), Nigeria
 

Corporate Governance Challenges in African Organizations

@Malcolm R Boyd: Agreed. Out of the challenges you mentioned, I believe no clear understanding of th... Sign up

 
1
Sam Cookey Jr
CEO, Nigeria
 

Corporate Governance Challenges for Africa

@Jaap de Jonge: I think these items cover the major challenges, and share a lot with the Freedom Hou... Sign up

   

More on Corporate Governance:
Summary
Discussion Topics
🥇 Internal and External Corporate Governance
Agency Theory: Principal-Agent Problems
🥈 Corporate Governance: One-tier versus Two-tier Boards
🥉 Dealing with non-profit Board of Directors
🔥 CEO Duality
Europe Reaches Agreement on Banking Supervisor: Curse or Blessing?
Corporate Culture Vis-a-vis Societal Culture
HR Involvement in CG
How to Evaluate and Measure the Effectiveness of Corporate Governance Systems?
Corporate Governance and Strategy
Corporate Governance in Family Businesses
Governance in Public Sector Organisations
How Corporate Governance Affects the Financial Performance of Companies
👀Challenges in Corporate Governance in Africa
Why the Interest in Corporate Governance Today?
Corporate Governance Aims
Culture and Corporate Governance
Gender Diversity (Women) in the Board of Directors
A Global Corporate Governance Body is Needed
Corporate Governance Rules and Ethics
Why Should a Firm have Procedures and Policies?
Governance versus Management
Maintaining Creativity and Flexibility Despite of Corporate Governance Mechanisms
Corporate Governance and Compliance
Special Interest Group

Do you know a lot about Corporate Governance? Become our SIG Leader

Corporate Governance
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.1 - Last updated: 1-6-2023. All names of their owners.