A Corporate Governance code that is expected to create opportunities that would attract investors, harmonise business transactions, protect minority business investments, balance support and protect investors and create a favorable platform where public and private sector compliance with corporate governance practices are enhanced, has been launched in Freetown.
The Code was officially launched by the Vice President of the Republic of Sierra Leone, Dr Mohamed Juldeh Jalloh at the Bintumani hall on 23rd January 2018.
Speaking during the launching, Vice President Juldeh Jalloh said that the code is a best practice that will bring more investors into the country by making the country into an attractive investment axis for more investors in Africa and the world over.
“The government is ready to render the fullest support in ensuring that government departments and agencies practice accountability as a key factor in modern democracy and good governance” the Vice President affirmed.
Chief Executive Officer of the Corporate Affairs Commission, Madam Michaela MacKay said that the main thrust of the code is to promote accountability in both the public and private sector, adding that it would help enhance the contribution of corporate entities to good service delivery and promote economic growth through meaningful business investments in the country.
Madam Mackay also said that the code would provide comprehensive information on the operations of companies, including the implementation of a comprehensive gender representation such as the thirty percent recognition of women within the corporate world.