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Working Paper 66 - Corporate Governance in Africa: The Record and Policies for Good Corporate Governance

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Abstract

This study first delineates the conceptual and practical issues in corporate governance,without assuming any prior understanding of corporate governance. It then surveys,using some of the more objective international criteria, the institutional record forquality corporate governance in Africa.In our conclusion, we suggest that corporate governance in Africa is enriched byexpanding the framework of analysis beyond the conventional criteria developedfrom the limited assumption of homo economicus. Incorporating the influence ofnorms and values or moral sentiments can improve our understanding of boardroom dynamics and the characteristics of the decision management and decisioncontrol they engender in “Business Africa.”

Suggested Citation

  • Melvin Ayogu, 2002. "Working Paper 66 - Corporate Governance in Africa: The Record and Policies for Good Corporate Governance," Working Paper Series 200, African Development Bank.
    • Handle: RePEc:adb:adbwps:200
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    1. Bianco, Magda & Casavola, Paola, 1999. "Italian corporate governance:: Effects on financial structure and firm performance," European Economic Review, Elsevier, vol. 43(4-6), pages 1057-1069, April.
    2. Becht, Marco & Roell, Ailsa, 1999. "Blockholdings in Europe:: An international comparison1," European Economic Review, Elsevier, vol. 43(4-6), pages 1049-1056, April.
    3. Marco Becht & Ailsa Roell, 1999. "Blockholdings in Europe: an international comparison," ULB Institutional Repository 2013/13316, ULB -- Universite Libre de Bruxelles.
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