Namibia - Corporate Governance
2013 Governance Survey
It is with great pleasure that we present the findings of our second survey on corporate governance in Namibia. The aim of the survey is to collate and analyse data regarding the policies, procedures and practices followed by Namibian companies to adhere to corporate governance.
Strong governance structures are a necessity to ensure that the strategic mandate and direction of the company are achieved. This can stem from strong boards of directors providing the necessary guidance and monitoring to management teams and strong moral codes that encompass honesty, transparency and fairness. It should be noted that this survey covers both public and private entities and our aim is to be a catalyst to discussions on governance practices in the country.
Namibia is a key place to source economic growth and our hope is that good governance practices spur this growth to greater heights.
The survey received responses nationally, from public and private sectors. Respondents’ designations comprised:
- Chief Executive Officers and Managing Directors;
- Chief Financial Officers;
- Company Secretaries;
- Directors; and
- Heads of Governance and Compliance;
The information upon which the survey was based was obtained through the completion of electronic survey questionnaires.
Consistent with the first edition, given the qualitative and quantitative nature of the responses, we have taken care to ensure that information presented in our survey is, to a large extent, anonymous and a fair reflection of the responses received.
Once again, we would like to extend our appreciation to the participants for the time and enthusiasm devoted to providing comprehensive responses.
Namibia is a key place to source economic growth around our hope is that good governance practices spur this growth to greater heights.
The separation of ownership from control in organisations is the core issue of corporate governance reforms.
A fundamental aspect of best governance practices is that boards of companies are independent and that they have the full powers and authority vested in them to direct companies