The Institute of Directors (IoD) will launch the second phase of the National Corporate Governance Code (NCGC), in Accra, on September 14, this year.
The code, according to the president of IoD, Rev. Mrs Angela Carmen Appiah, would help promote the best corporate governance practice in both public and private sectors.
She said this yesterday in Accra when she paid a courtesy call on the management of New Times Corporation (NTC) in Accra, to seek partnership between the two organisations, and to see how best to properly collaborate.
“The NCGC will serve as a unified national corporate governance reference for good corporate governance for all stakeholders in the country,” Rev. Mrs Appiah said.
According to the president of IoD, her outfit was also compiling a list of members in good standing to be submitted to the Registrar General, Madam Jemima Oware, by November this year.
Rev. Mrs Appiah mentioned that the Registrar General would publish directors in good standing on January 31, 2024, and, therefore, urged the leadership of NTC to enroll as members of the institute, adding that the age limit for enrollment was 18 years, and the person should be of a sound mind.
She said IoD was the only professional group with members from diverse backgrounds adding that currently “we have a membership of 1006”.
The Chief Executive Officer (CEO) of IoD, Mr Clement Wiredu, said by the end of the year, the institute would have a list of directors to help foreign organisations and individuals know who to engage with in terms of business.
He said IoD organises continuous training for its members and would soon partner institutions outside the country to help train and equip its members.
Mr Wiredu stated that the institute would help build the capacity of the media to enable them to understand governance stories.
The Acting Managing Director of NTC , Mr Dave Agbenu, said the Ghanaian Times had in the past written stories for the institute, which sometimes were not properly understood.
He, therefore, asked IoD to provide adequate information to reporters in order to enrich their stories, saying “We are here to provide public service, it is free and we don’t expect you to withhold information”.
Mr Agbenu also urged the IoD to educate the public on membership of the institute and ensure the deepening of knowledge about the institute, stating that “we see the organisation as an elite group.”
He called on IoD to have a communication department to educate journalists about the institute and its activities.
Mr Agbenu said the corporation would ensure that some staff enroll as members of IoD.
BY JEMIMA ESINAM KUATSINU
