At the 10TH Audit, Risk & Governance Africa Conference, Kigali, Rwanda,
'Good Governance & Global Investment.', Lady Olga Maitland, Chairman,
COPENHAGEN COMPLIANCE
Keynote on Does good governance impact investment?
Foreign investment in Africa seen as reaching 2015 a record $87b.
Yes, good governance does matter!
The role of Global Investments and governance to address the question:
how can developing countries and emerging markets promote effective good
governance at the global and national levels? The simple answer is by
focusing on the issues of accountability, transparency and oversight to
combat corruption.
Protecting investors and promoting good governance are two sides of the
same coin. It is primarily done thru regulations, recognising international
mandates and good governance standards of transparency, accountability,
rule of law and participation need to be paired with similar good governance
standards for international institutions.
The broad range of governance objectives to follow the global governance
principles with a roadmap to move towards international standards for
good corporate governance practices.
- Cooperation with other institutional investors. Launch a
broad engagement theme from the global standards to promote compliance
with the Dialogues and development activities with global investors
and companies in the field of corporate governance.
- Focus on the primary principles & relevant aspects of corporate
governance: on remuneration policy, the composition of supervisory
and management boards, shareholder rights, corporate culture and ethics,
risk management, auditing and transparency.
- Engagement at shareholders' meetings. Approve matters such
as the appointment of management and supervisory board members. Amendments
to the remuneration policy for board members & the executive board
members that specify the link between performance and compensation
in an appropriate way. Start a process on a higher level of company
stock ownership for the board of directors members, to ensure that
their interests were in line with those of the enterprise.
- Stakeholder protection. Focus on the objectivity and independence
of a company's management board to adequately serve the interests
of all relevant stakeholders.
- Governance Roadmap and Framework. Prepare an annual engagement
theme within the general governance framework with a variety of corporate
governance activities for future development.