BRVM and IFC sign a cooperation agreement on corporate governance code

Finance
Friday, 11 January 2019 17:32
BRVM and IFC sign a cooperation agreement on corporate governance code

(Togo First) - The Regional Stock Exchange (BRVM) signed January 10, 2019, with the International Finance Corporation (IFC), World Bank’s private sector arm, a cooperation agreement on the corporate governance code.

The goal is to “enable BRVM-listed companies to be more efficient, competitive and productive to ensure a climate of trust vis-à-vis investors,” Dr Edoh Kossi Amenounve, BRVM’s Managing Director, said during the signing ceremony.

While Charlotte N'daw, Senior Operations Manager at IFC Africa, said “this cooperation agreement between the BRVM and the IFC is part of the promotion of the governance code's practices within companies”, Edoh Kossi Amenounve added that “the corporate governance code aims to prevent and manage conflicts that may arise among company managers”.

IFC, let’s note, is the world's largest development assistance institution whose activities focus exclusively on the private sector in developing countries.

Séna Akoda

 
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