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Title Good corporate governance - Enhancing increased accountability and entrepreneurship in Namibia.
Full text http://hdl.handle.net/10628/148
Date 2003
Author(s) Boamah, Kofi
Abstract International Conference on Entrepreneurship (2003 Sep. 17-18: Windhoek, Namibia) - "Foreign Direct Investment (FDI) is viewed as a major stimulus to economic growth in developing countries" (Ama, 2003). The establishment of sound corporate governance in the public and private sector is, therefore, pivotal to Namibia attracting the essential FDI it needs to augment its economic growth. Of course, there may be often equally significant factors such as tax holidays and various investment incentives, that entice foreign investment and support economic growth. Inappropriate governance is unlikely to sway investors' decisions to bring in international resources on a sustainable basis. Good corporate governance will enable Namibia to put in place the financial infrastructure, strengthen the banking systems, develop proper capital markets by accelerating the pace of privatization and broadening the domestic investor base, formulate an appropriate regulatory framework and liberal investment regime, reform the judiciary system and contain corruption. These are the answers to the question of accountability that enhance the promotion of entrepreneurship in an economy. This paper explores the concept of corporate governance in Namibia, how accountability on the part of business leaders, companies and industries will lead to trust and support of stakeholders;and the promotion of entrepreneurship that will provide the economic growth so desperately needed to emancipate the people from economic desperation and the doldrums.
Subject(s) International Conference on Entrepreneurship (2003 Sep. 17-18: Windhoek, Namibia); Entrepreneurship - Namibia; Corporate governance - Namibia; Liability (Law) - Namibia
Language en
Publisher Polytechnic of Namibia.
Type of publication Article
Identifier Boamah, K. (2003). Good corporate governance - Enhancing increased accountability and entrepreneurship in Namibia. Paper presented at the International Conference on Entrepreneurship, 17-18 September 2003, Windhoek Namibia. Windhoek: Polytechnic of Namibia.
Repository Ounongo - Polytechnic of Namibia
Added to C-A: 2010-08-30;14:19:35