The Pro-Vice-Chancellor of the University of Professional Studies, Accra (UPSA), Professor John K. M. Mawuwtor, has emphasized the need for continuous evolution, innovation, and improvement of Ghana’s corporate governance system to ensure sustainability.
He stressed the importance of fostering an environment that encourages responsible and ethical practices across all sectors and the adoption of policies that prioritise social equity and inclusivity.
Prof Mawutor made the call during a stakeholder engagement seminar held on Wednesday, July 12, at the Justice Aryeetey Auditorium, UPSA.
The event, co-organised by the Institute of Professional Studies (IPS) and the Institute of Works, Employment, and Society (IWES) was themed “Sustainability and Improvement of Corporate Governance System in Ghana”.
The seminar provided a platform for meaningful dialogue between stakeholders from various sectors, fostering collaboration and knowledge sharing, and serving as a significant step towards ensuring that Ghanaian businesses adhere to global best practises in corporate governance.
“Proper regulatory framework and enforcement mechanisms are crucial to promote good governance practises,” Prof Mawutor stated. “We must continue to evolve, innovate, and improve the governance system in Ghana for sustainability.”
He further stressed that good corporate governance is a prerequisite for sustainable development; hence, the foundation or manner in which businesses and countries are governed is crucial to a country’s development.
The stakeholder engagement seminar brought together prominent speakers from the business, government, legal, and academic sectors including Mr Samuel Okudzeto, a renowned legal practitioner, and Mrs Jemima Oware, the Registrar of Companies.
The seminar focused on highlighting the critical role of corporate governance in promoting transparency, accountability, and ethical practises within organisations.
It also offered a platform for participants to explore strategies to enhance the governance framework, align it with international standards, and address challenges specific to the Ghanaian business environment.