Vice President, Dr Mahamudu Bawumia, has launched a new corporate governance code for the nation.
Developed by the Institute of Directors (IoD), the code, among other things, will set national standards for corporate governance, promote enterprise and entrepreneurs, promote Ghanaian values, ethical commitments and promote Ghana as a place to do business.
It also harmonises the different industry and sector-specific governance codes to provide ease of compliance and reference to promote the culture of good corporate governance for both public and private organisations.
The code was launched by a representative of the Vice President who is also the Minister of State in charge of State Enterprises, Mr Samuel Ato Cudjoe, during an event held Wednesday, December 14th 2022.
Speaking at the launch, Samuel Ato Cudjoe said the government was delighted to see the new code dovetail into its agenda of promoting good governance.
He said it was more refreshing that the code took into consideration the sustainable development goals which remained an important component of the country’s development agenda.
Mr Cudjoe said the development of the code, demonstrated a critical function that professional organisations would need to succeed.
He said it was important for other professional bodies to take a cue from the IoD and come up with professional codes to promote standards in their organisations.
Dr Bawumia said beyond fostering collaboration with educational institutions, there was the need to also ensure that the document was available for all.
Source: theGhanaianVoice.Com