CAPACITY BUILDING PROGRAM FOR

BOARD OF GHANA FAN CLUB LTD

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PRINCIPLES OF GOOD CORPORATE
GOVERNANCE

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 FACILITATORS

1. DR. JULIUS AIKINS-HAWKSON

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2. MICHAEL OWUSU-NIMAKO

3. MRS. NYUETOR AGBODZA

4. ALHAJI ABDUL-SAMED ABUBAKAR

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• INTRODUCTION

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• EXPECTATIONS

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 SESSION OBJECTIVES
By the end of the presentation, you will gain a
better understanding of:

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 The concept of good corporate governance
 Principles of good corporate governance and
their application
 The role of corporate governance and critical
insights into the realities of Board dynamics.

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 GROUND RULES

AND

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VIDEO PRESENTATION
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 Outline of the Presentation

1. Definition of Corporate Governance

2. Principles of Good Corporate Governance

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a) Rule of Law

b) Accountability

c) Conflict of Interest

d) Independence

e) Evaluation
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 PRINCIPLES OF CORPORATE GOVERNANCE
Definition of Corporate Governance
Corporate governance is the system of rules, practices
and processes by which an organisation is directed
and controlled.

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It provides structural and procedural bases that are
“intended to make sure that the right questions get
asked and that checks and balances are in place to
make sure that the answers reflect what is best for the
creation of long-term sustainable value” (Monks &
Minow, 2004: 2).
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 PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

Rule of Law
All citizens and institutions within a country, state or
community are accountable to same laws.

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Boards shall follow due process and adhere to all
relevant laws, rules and regulations of the country and
the organisations in its dealings with staff, clients and
stakeholders.

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 PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

Accountability
Board members must:
a) be ready to render account of their stewardship;

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b) protect the interests of organizations and govern
them effectively; and,

(c) ensure their personal and parochial interests do not

take precedence over those of the organisations and
the interests of other stakeholders.

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 PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)
Conflict of Interest
Article 284 of the 1992 Constitution provides that

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“A public officer shall not put himself in a position
where his personal interest conflicts or is likely to
conflict with the performance of the functions of his
office”.

Guidelines on Conflict of Interest issued by CHRAJ

provides public officials with adequate information to
assist them identify, manage and resolve conflicts of
interest. 10
PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

Independence
Board members must:

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a) demonstrate independence of mind and thought;

b) not allow themselves to be pressurised to engage

in shady transactions; and,

c) seek a second opinion or legal advice when they

are not sure about the consequences of their actions.

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PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

Evaluation
The Board should, on an annual and regular
basis, assess performance of the:

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a) team for effectiveness and efficiency;

b) individual members; and,

c) Chief Executive Officer.

.
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PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

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GROUP ACTIVITY

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PRINCIPLES OF GOOD CORPORATE GOVERNANCE
(CONTD)

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EVALUATION

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THANK YOU

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Questions & Answers

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