Series 2 Senegal’s new corporate governance code assessment: Corporate Governance in Senegal and its dynamics
Understanding corporate governance in Senegal is not an easy task due to many influences the country has suffered. The question of corporate governance is of real concern as well as the issues of convergence since the country’s newest corporate governance code has proven itself elsewhere. Good governance is any company’s concern. Hence, talking about the effectiveness of a corporate governance system is measuring the power to direct strategic activities for companies, the appointment, and control of executives to whom the daily management of the company is entrusted and above all to what extent corruption and bad governance affected these actions. Senegal has proposed a new code of governance to alleviate these issues. Even though this code has advantages, it also has weaknesses which addressed make a better governance approach.