African Corporate Governance Network
The African Corporate Governance Network (ACGN) is a collaborative network of director membership organisations that promote effective corporate governance on the African continent and now has 19 members and 8 affiliate members from 19 African countries representing over 20 500 senior executives and directors across the continent.
The ACGN will provide policy makers and market participants with an important forum to exchange experiences and best practices aimed at addressing ongoing corporate governance challenges in Africa.
The growing trend of inter-continental business transactions and the increase in the flow of DFIs in Africa is giving rise to the importance of Corporate Governance in the continent. It has become imperative to come up with initiatives that guide the formulation of Africa-specific guidelines to corporate governance that champion the business dynamics of the continent and capitulate with global standards.
According to the International Monetary Fund, Africa will host seven of the top ten fastest growing economies in the world in the next five years. With the current focus on growth and development in Africa, good corporate governance and capacity building in this area, is highly important.
The ACGN was formed to develop institutional member capacity for enhancing effective corporate governance practices, building better organizations and corporate citizens in Africa.