L’Institut Algérien de Gouvernance d’Entreprise, Hawkama El Djazair (HED) hosted the 13th African Corporate Governance Network (ACGN) Meeting in Algiers, Algeria from 25 – 27 September 2018.
An African Corporate Governance Conference themed ‘Corporate Governance as a Catalyst of Africa’s Growth Potential’ was held alongside the bi-annual ACGN meeting on 25 September 2018 – This Conference provided the opportunity to discuss and present the impact of good corporate governance in supporting sustainable economic development, leading practices, ongoing initiatives and shortcomings specifically in the space of SME’s and family-owned businesses that are required for Africa to succeed in its growth objectives.
The keynote address was delivered by Ms Chinyere Almona, Regional Program Manager of the Africa Corporate Governance Program, at the IFC. Ms Angela Cherrington, CEO of the IODSA and Deputy Chairman on the ACGN also provided a key note address on African corporate governance challenges, the ACGN vision and its role. The conference was further supported by panel sessions and discussions on: Corporate governance in the African context and sharing experiences and initiatives; Funding sustainable growth in Africa – Expectations from the financial ecosystem towards corporate governance practices; and Governance challenges for SME and family-owned enterprises in the context of Africa’s transformation.
A capacity building workshop on the IFC’s Women on Boards and in Business Leadership toolkit was also held on 27 September 2018 with Ms Rose Lumumba and Ms Chinyere Almona. The training materials and program are designed to give participants:
- up-to-date information on global trends in gender diversity on boards;
- guidance on setting goals and designing action plans for increasing female representation; and
- ways to measure progress toward increasing the number of women on boards.