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Working Paper 66 - Corporate Governance in Africa: The Record and Policies for Good Corporate Governance

Melvin Ayogu ()

Working Paper Series from African Development Bank

Abstract: This study first delineates the conceptual and practical issues in corporate governance,without assuming any prior understanding of corporate governance. It then surveys,using some of the more objective international criteria, the institutional record forquality corporate governance in Africa.In our conclusion, we suggest that corporate governance in Africa is enriched byexpanding the framework of analysis beyond the conventional criteria developedfrom the limited assumption of homo economicus. Incorporating the influence ofnorms and values or moral sentiments can improve our understanding of boardroom dynamics and the characteristics of the decision management and decisioncontrol they engender in “Business Africa.”

Date: 2002-03-15
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