The need for good governance is now internationally recognised
because of the high correlation between corporate governance and
investor decisions. Good corporate governance improves the
financial performance of companies and the capital markets.
Appropriately, the Commonwealth member states are aware that to
develop their economies, they need good governance and integrity,
which are pillars for better economic and investment climate. This
means that the issue of corruption cannot be overlooked. All
Commonwealth countries that have not already done so are required
to develop and implement their own national good governance and
anti-corruption strategies. All the authors who have contributed
chapters to the book have alluded to the problem of corruption in
their various countries, especially in the developing economies.
Also, Transparency International reports that many countries lack
the political will to counter corruption. Countries such as
Mauritius and Rwanda provide great examples of how political will
to enforce good governance can bring about positive change, which
significantly influences the economic landscape of the country.
This book, Corporate Governance in Commonwealth Countries, a
compendium of contributions from accomplished authors, examines how
the Commonwealth has achieved a degree of consensus in developing
and promoting standards of corporate governance both in the public
and the private sectors in member countries. It reveals the various
organisations and institutions that have been at the forefront of
supporting and promoting corporate governance in Commonwealth
countries. It consists of 18 chapters, divided into six parts.
Parts I to V focus on each of the groupings of the Commonwealth
countries - Africa (19 countries), Asia (7 countries), Caribbean
and Americas (13 countries), Europe (3 countries) and the Pacific
(11 countries). Each part presents some background information
about each of the countries represented in the specific region,
such as the year each country joined the Commonwealth, the World
Bank Classification of the country, official language, currency in
use, the population, corruption perception index score, and the
ease of doing business in each country, among others. Part VI
presents insights into corporate governance developments in
selected Commonwealth countries - Ghana (Chapter 6), Malawi
(Chapter 7), Mauritius (Chapter 8), Nigeria (Chapter 9), Pakistan
(Chapter 10), Rwanda (Chapter 11), Swaziland (Chapter 12), Tanzania
(Chapter 13), Tonga (Chapter 14), Uganda (Chapter 15), United
Kingdom (Chapter 16) and Lake Chad (Chapter 17). It ends with
Concluding Remarks and Recommendations (Chapter 18). The chapters
present the relationship of each country with the CW and the
corporate governance developments in each country. Chapter 17
examines corporate governance challenges in the management of Lake
Chad, an Ancient Lake surrounded by four countries - Chad (on the
east of the Lake), Niger (on the North Western side of the Lake),
Nigeria (on the West side of the Lake) and Cameroon (on the South
of the Lake). The latter two countries are member states of the
Commonwealth. The Lake Chad Basin Commission was formed in the
1960s after many African countries had gained their independence
from Britain. The book adds to our knowledge of corporate
governance at the international level, especially within the
Commonwealth, comprising a unique collection of nations - ranging
from the developed economies through to vastly differing levels of
emerging economies at varying stages of transition. Academics,
researchers, business and finance students, investors and
government agencies with an interest in the Commonwealth and
corporate governance will find the book authoritative and
insightful.
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