Organisational/institutional changes

► To encourage sound corporate governance and to promote business ethics and best practices.

► To establish an information centre and/or service for the business community and to provide a range of business and individual services for members.

► To promote the principles and practice of responsible business leadership as defined in Company publications.

Skills upgrades and utilisation of existing capacity

► To raise the professional standards of directors and help them attain high levels of expertise and effectiveness by improving their knowledge and skills through courses, programmes and workshops.

► To produce company publications to keep members well informed about the economic and regulatory issues affecting business.

Procedures, Processes to be established/ put in place as a result of project activities

► To help to ensure that government establishes an economic and regulatory environment in which business can flourish, expand and compete both nationally and internationally.

► To develop a network of experienced and knowledgeable businesspersons

► To offer a board appointment service in terms of providing a pool of qualified directors from whom companies can tap from and to advice on board appointment as and when necessary.

► Encourage Triple Bottom-line Reporting

Project Activities

The Project is an initiative by the private sector and government or semi-government (Parastatals) to promote the ideals of world class governance in all companies and in particular by adopting all the world class standard including and in particular, Corporate governance as pronounced by Cadbury and King. The Institute therefore will be responsible for monitoring the status of governance in all sectors in the country including the Government. It will provide:

a.)    Providing technical training in modern business practices and management techniques, and possible certification to participating directors, especially those who are members of the institute,

b.)    Monitoring the status of governance in all sectors in the country including the Government.

c.)    Providing a resource pool of capable and trained potential directors where the corporate and business sectors can tap from to strengthen their boards of directors

d.)    It will seek to have interventionist legislative powers and be able to enforce the principles set in the code of best practice. Therefore the code will be designed and implemented in such as manner that it has the backing and full support and commitment of both government, private sector and the civil society.

e.)    The institute will liaise with other international associations of fellow IODs to ensure that it at all times it remains up to date with latest and working best practices. It will in particular seek to work closely with similar set-ups in all SADAC countries.

It is therefore expected that the long term and significant benefits to the nation or the world at large will include due recognition of best practice in running companies