Posts Tagged "Good Governance in Africa"

Bain is one of the world’s top management consulting firms. The organization works with leaders across industries and geographies to solve industry-defining challenges in Strategy, Marketing, Organization, Operations, Digital Transformation, Sustainability and M&A. Founded in 1973, Bain has 6,000 employees in 58 offices worldwide. Bain has worked with over 4,900 companies, including more than two-thirds of the Global 500, Private Equity funds representing 75% of global equity capital, leading non-profits and innovative start-ups. Bain’s public clients have outperformed the S&P four to one.

Great boards help companies outperform their peers, delivering value to stakeholders, sustainably, and without compromising compliance or risk. Companies that achieve this are the bedrock of inclusive economic growth. In today’s environment the expectation for companies and the Boards that govern them is high. Ensuring compliance beyond reproach is critical, but it is not enough. Outperforming requires focus and clarity around strategy and culture as well as an ability to adapt and be agile in turbulent times. Based on extensive research, and the insights of prominent global Directors with over 240 years of cumulative experience, Bain & Company has developed an all-encompassing approach to effective governance called ‘The Great Board’.

Software Technologies co-hosted a conversation on the foundations of this approach and to discuss perspectives on what Great Boards do differently to outperform peers and succeed in challenging environments. The conversation brought together members from leading companies across sectors in Kenya for a discussion that went beyond compliance to focus on strategy setting and execution at the board level. The topics discussed were:

• The changing role of boards in business
• The board’s role in creating and driving a winning strategy and sustained value creation
• Cultural traits of high performing boards, why conformity / lack of conflict does not equal agreement and how to create a virtuous cycle of trust and candour

The Institute of Directors (Ghana), in collaboration with Software Technologies Limited and other partners had their Annual Corporate Governance Excellence Awards hosted at the Kempinski Hotel in Accra. It was also graced with the attendance of Professor Mervyn King, best known as the Chairman of the King Committee on Corporate Governance in South Africa.  He is Professor Extraordinaire at the University of South Africa on Corporate Citizenship, Honorary Professor at the University of Pretoria and Visiting Professor at Rhodes University

The aim of the awards was to stimulate and sustain the culture of good corporate governance and champion director professionalism and development through education for the benefit of organizations and stakeholders. It was also aimed at celebrating the achievements of both public and private sector Individual Personalities and Organizations who have distinguished themselves by practicing and exhibiting good corporate governance leading to desirable outcomes of ethical culture, good performance, effective controls and legitimacy.

The categories included – Most Influential Director of the Year, Innovative Director of the Year, Overall Director of the Year (Female), Most Credible Director of the Year, Rising Director of the Year, Overall Director of the Year (Male).

The corporate categories are, Agricultural Business (Agrobased), Healthcare Facility, Oil Marketing, Petroleum Refining and Related Industry, Agriculture (Fishing, Poultry and Crop farming), Hospitality (Hotels), Power Generation and Distribution, Apparel and clothing Industry, Hospitality (Support & Allied Services), Printing, Publishing, and Allied Industry, Chemical and Allied Industry, Industrial and Commercial Machinery Industry, Retail and Supermarkets, Construction, Information Technology Industry, Rubber and Miscellaneous Plastic Industry, Consulting, Insurance (Pensions), Rural and Community Banks, Ecommerce, Insurance (Life), Savings and loans, Education, Insurance (General Business), Sports, Electronic and Electrical Equipment Industry, Leasing companies, Stone, Clay, Glass, and Concrete Industry, Entertainment, Lumber and Wood Industry, Telecommunication, Fabricated Metal Industry, Manufacturing, Transportation Industry, Finance Houses, Media, Travel and Tours, Food, Beverages Industry, Microfinance Institutions, Universal Banks, Furniture and Fixtures Industry, Mining and Quarrying.