The high-level Executive Training brought together Board Members, Heads of Institutions, Executive Management and Senior Management staffs of public and private sector institutions. It focused on enhancing strategic oversight and accountability, enhancing leadership effectiveness, promoting ethical decision-making, supporting organizational resilience and sustainability, and developing a culture of integrity and excellence in our institutions. An eminent group of distinguished resource persons ensured delivery of quality lectures and interactive sessions that enabled participants to benefit from lessons.
In his statement, Mr Abdoulie Jallow, Chief Executive Officer of PCAM, gave a historical background how Corporate Governance evolved since 1990’s, when the alarm was raised with several high-profile corporate scandals such as Enron and WorldCom. He highlighted that Corporate Governance Codes were globalization with many countries developing their own corporate governance codes, influenced by the OECD Principles of Corporate Governance established in 1999 and the Sarbanes-Oxley Act of 2002 in the United States.
The CEO explained that from 2010 to date, there has been ongoing developments and Reforms. The relevance of corporate governance has continued to grow and issues such as ESG (Environmental, Social, and Governance) criteria, diversity on boards, and stakeholder governance (beyond just shareholders) have gained prominence.
Mr. Jallow said the training was to give institutions especially Public Interest Entities a head-start on Corporate Governance. He hailed the Central Bank of the Gambia for issuing industry the first Corporate Governance code for banks. In concluding, he informed participants that the time is approaching for national code of corporate governance which all your institutions would have to adhere to. Therefore, the training was apt and timely. Mr. Jallow thank all the institutions who saw the need for and importance of this training by sending high level participants.