SIGA develops corporate governance code for State-Owned Enterprises
The State Interest and Governance Authority (SIGA) has in consultation with relevant stakeholders developed a “Good Corporate Governance Code” for State-Owned Enterprises.
Mr Stephen Asamoah Boateng, the Director-General of SIGA, said inadequate governance frameworks and procedures were critical contributors to many specified entities’ poor financial performance in Ghana hence the initiative.
Mr Boateng was speaking at a stakeholders’ consultation forum on the Draft Code of Corporate Governance in Accra, on Tuesday.
He said State Agencies were governed by a complicated web of leaderships involving Parliament, Ministries, Regulatory Commissions, Boards, and Managing Directors or Chief Executives, all of whom had various reporting responsibilities.