The Institute of Directors (IoD) Ghana is partnering the private sector arm of the World Bank, International Finance Corporation, IFC, to promote best practices in corporate governance among businesses and institutions.
The two organisations on Thursday, 5th November, 2015 organised a workshop to raise awareness on the benefits of corporate governance, the role of the director and how an effective board can collectively contribute to an effective economy.
President of the Institute of Directors (IoD), Ghana, Fredrick Ofosu Darko explained to JOY BUSINESS, the partnership would benefit not only businesses but an economy as a whole.
“We are looking at where corporate directors will adopt best practices for corporate governance purposes which will then enhance performances of companies and bring prosperity. If you have best practices adopted by companies, CEO’s and others, they raise the company’s tendency to do well. Apart from that also you have a trickledown effect on the economy as a whole” he said.