Hundreds of company secretaries from across Africa and Asia convene in Dar-es-Salaam to forge fresh strategies to address corporate governance issues which have plagued the continent, leading to a number of corporate failures.
In the wake of the global financial crisis, blame has been heaped on an ethical deficit in managing corporations said to have fuelled what has now mutated into the worst global recession in over half a century.
While Africa may have been an innocent bystander as the crisis ravaged developed economies, troubling similarities hinging on greed, corporate governance loopholes and unethical business practices make the continent a ripe spot for future crisis, analysts say.
Delegates from more than 20 countries are expected to convene for the International Federation of Company Secretaries (IFCS) Conference from December 2 to 4th in Tanzania, giving them an opportunity to discuss governance issues in the public and private sectors as well as the challenges posed by the global financial crisis.
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