Parliament to debate corporate governance bill

Parliament will support Dokolo Woman Member of Parliament, Hon Cecilia Ogwal as she prepares to present a Private Member's Bill on good governance, the Speaker Rebecca Kadaga has said. .The remarks were made during this the first Corporate Governance Awards Ceremony which was organized by the Institute of Corporate Governance Uganda(ICGU), at which Kadaga was Chief Guest. The function was held at Kampala Serena Conference Centre on Thursday, 17 May 2018.

As we prepare to receive the draft bill, I will support Hon. Cecilia Ogwal as she presents it. We have heard your message, followed your journey and we know where you are. You are living on handouts and charity. We appreciate those who have facilitated your survival, she said.

Kadaga further assured the Institute that corporate governance was at the core of legislation, since it is a key component of the oversight role.

We have three accountability committees that deal with governance; the Public Accounts Committee; the Local Government Accounts Committee and the Committee on Commissions, State Authorities & State Enterprises. We are doing what we can to see that standards of good governance are maintained and improved, she said.

The ICGU Chief Executive Officer, Christine Kyeyune Kawooya, said that the Institute was established in 2000 with the aim of improving good governance in the country by training board members on what they should be doing.

The ICGU aims at broadening the communication channels and advocacy for targeted laws and policies. As we award the best companies, we take note that governance is a fundamental block and engine of growth to any company's success, Kawooya said.

The Awards attracted over 44 different companies in the Private sector; small-to-medium enterprises; Non-governmental organisations; Insurance companies; and the banking and public sectors. The overall winner was Centenary Bank.

Source: Parliament of Uganda

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