To develop the institutional capacity of ACGN members for enhancing effective corporate governance practices towards building better private and public sector organisations and corporate citizens in Africa.
Africa, a continent committed to effective corporate governance and ethical leadership.
- Transparency – Being open and clear
- Integrity – Ethical behaviour and consistency of actions and values
- Teamwork and Collaboration – Leveraging collective knowledge
- Accountability – Being answerable to stakeholders
- Diversity – Being respectful of the diversity of the African continent
- Exchange and share knowledge, information, best practices tools and resources.
- Demonstrating good practice within member organisations and network
- Building sustainable capacity to enable membership organisations to achieve their goals
- Common platform for advocacy, initiatives and communications
- Expand the network
- Create a favourable investment climate (outcome)
- Conduct research.
History and Background
The Mauritius Institute of Directors (MIOD) together with the Institute of Directors South Africa (IODSA) jointly spearheaded the setting up of the ACGN, with the support of the NEPAD Business Foundation. Several bona fide similar organisations in various African countries (in some countries there is no such organisation) had been approached to form the ACGN.
The ACGN founding meeting was held in Johannesburg in January 2013, with a follow-up meeting being held in Harare in June 2013, representative of similar institutions from the following countries: Kenya, Malawi, Morocco, Mozambique, Nigeria, Senegal, Tanzania, Uganda, Zambia and Zimbabwe, along with MIOD and IODSA – a total of 12 countries/organisations. Collaborators present at the meetings included World Bank, IFC, Standard Bank, ACCA, Ernst & Young and NEPAD Business Foundation (who currently act as Secretariat of the ACGN on a pro bono basis).
At the meeting held in Harare in June 2013, the Mission, Vision, Values and Objectives were approved, together with the ACGN logo. A Constitution and an Operating Plan were tabled for discussion and the Action Plan was updated. A SWOT analysis was also undertaken and key focus areas were identified and agreed upon.
Under the sponsorship of the IFC, member of the World Bank Group, the African Corporate Governance Network, held its first Executive Committee meeting on 16 October 2013 in Mauritius. The ACGN elected Mrs Jane Valls, CEO of the MIoD, and Mr Said Kambi, CEO of the Institute of Directors Tanzania, as its first Chairman and Deputy Chairman. The meeting was followed by the official launch of the ACGN which was marked by a signing ceremony whereby all ACGN Founding Members and the NEPAD Business Foundation signed the ACGN Constitution, which will bind them to work together to promote good corporate governance in Africa.