SMEs play a vital role in the growth of economies and are often described as the engine of economic development. However, SMEs in emerging markets struggle to survive and grow for a variety of reasons, including a lack of finance and management skills. Most of the growth-constraining factors in small businesses can be traced to weak corporate governance (CG) practices.
As a seasoned practitioner in the field of corporate governance, Dr. Almona sees the need to build capacity to enhance sustainability in the SME sector.
SMEs need to understand that CG is not a destination but a journey
SMEs need to grow and mature into CG practices that are relevant to their stage of business.
SME owner-managers need to understand and adapt to the level of formality expected and required by potential employees and providers of funds.
This book provides ways and models that will encourage the adoption of sound corporate governance principles and practices for SMEs in Africa, to the benefit of society.
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Dr. Chinyere Almona heads the International Finance Corporation’s Africa Corporate Governance (Advisory) Program. The program provides a variety of governance interventions across Sub-Saharan Africa. With almost three decades of work experience, she is a corporate governance professional with a strong vision and passion for helping clients adopt good CG practices.
Before joining IFC, Dr. Almona was a Director at Pricewaterhouse Coopers’ Advisory Consulting Practice in Nigeria, heading the firm’s Governance, Risk and Compliance Practice, which she established. She is passionate about the role of governance in supporting SMEs to grow and contribute significantly to their respective country’s economy. She is a board advisor, an international speaker, an IFC certified trainer, and a certified leadership coach.
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