Corporate Governance In Uganda

Scholars have long traced the trajectory of law, finance and governance.Legal centrists in particular have advanced the "law matters theory"-that the nature of a legal system, its legal rules and quality of enforcement are fundamental in shapping corporate governance.However, there are jurisdictions where legal rules are inadequate and alternative institutions perform the functional role of law. Corporate governance in Uganda has historically evoloved in an environment of weak company regulation. However, banks as providers of exernal capital to those companies that use formal credit, are able to influence certain aspects of corporate behavior and therefore corproate governance.

Corporate Governance and accountability are very important areas for any organisation. The way organisations are managed and the way they affect or are affected by stakeholders matters to the organisation itself and to the various parties that have an interest in the organisation. An entity can no longer act in isolation of the community in which it operates and with disregard to the various legal and regulatory frameworks which govern them. Entities have, therefore, to act in a responsible and accountable manner in their governance systems and plans. The welfare of the shareholders of companies is greatly intertwined with the welfare of the community and other stakeholders, such as government, regulators, environmentalists, human rights activists and other stakeholders. Accountability can also promote sustainable development by using the natural resources and other resources in a responsible manner.

Now in its fourth edition, Principles of Contemporary Corporate Governance offers comprehensive coverage of the key topics and emerging themes in private sector corporate governance. It explains both the principles of corporate governance systems and their real-world application in an authoritative and engaging manner. This fully revised and updated text has four parts: basic concepts, board structures and company officers; corporate governance in Australia; corporate governance in international and global contexts; and shareholder activism and business ethics. The coverage of international contexts includes sections on the US, the UK, Canada, South Africa, the EU, the OECD, Germany, Japan, China and Indonesia, plus new sections on New Zealand and India. A new chapter on business ethics and corporate governance presents contemporary discussions on the topic and explores some of the broader legal issues. Principles of Contemporary Corporate Governance is an indispensable resource for business and law students, academic researchers and practitioners

A strong corporate governance framework is essential for MENA economies as they strive to boost economic growth, strengthen competitiveness and build prosperous societies. The G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises are a reference in order to build such a framework.