Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Today the company is worth over US$60 billion and it has
presence in more than 120 countries. Notable brands and subsidiaries include but not limited to MultiChoice, SuperSport, DStv, MNet, OLX, Ibibo and Similarweb .
It genuinely rhymes with the African rising rhetoric - indeed an African model that works. This major achievement begs for an intriguing question. Are corporate boards in Ghana, rather useless – if we have to compare like for like in the Naspers case.
The Ghana experience
In the corporate context, governance issues are thrown into stark relief by events such as corruption, shareholder meetings and proxy contests, and controversies surrounding board selection, composition
The Ghana SME landscape as an example is
In their view, such business owners operate under a philosophy of ‘shared interests’ – a principle that does not encourage teamwork primarily because Individuals compete to be the ‘darling boy’ of the owner.
To a larger extent, people use loyalty to create power for themselves by aligning with powerful individuals (shareholders) in the
Board selection can easily be taken for granted when friends, family, old
What matters in board selection?
A number of commentators argue that the absence of governmental direction and the resulting lack of uniformity in
The IC makes use of financiers, consultants, legal counsel and interdependent decision-makers. To complete a
Fostering board culture
It is widely expected that boardroom directors will exhibit certain
Corporate governance is an issue of immense importance both to policymakers and to individual firms; hence, the need for competent boards. ‘Useless’ boards – where useless refers to boards that are not well composed, can significantly contribute to the
The writer is an Assistant Professor of Economics and Entrepreneurship-Nobel Int. Business School