Corporate governance principles

Good corporate governance is critical to the health of the corporate system, our financial system and the economy as a whole.

Our economy will be stronger if corporate decisions are made with competence and integrity, and if shareholders and the public can appropriately assess the profitability and riskiness of corporations’ business decisions.

In Zimbabwe, the issue of corporate governance has recently entered the spotlight, especially in the financial sector, where a number of banks have collapsed. The general causes of the failures have been identified by the central bank as “imprudent banking practices that have expressed themselves through various forms of managerial shortcomings and structural ownership weaknesses” (monetary policy statement, December 2003).

See full Article.