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17th May, 2018
05:00 PM
Serena Hotel,
Kampala, UG

Blog

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Ms. Miriam Magala is a Lawyer by profession and currently serves as the Chief Executive Officer of Uganda Insurers Association (UIA). The Association was established by Insurance companies in 1965 with the objective of stimulating growth and the sound development of the Uganda insurance and reinsurance market. The Association’s strategy is very consumer centric, with the objective of ensuring the increased understanding and appreciation of insurance, and extends to putting in place a better business environment that supports innovation for the benefit of the customer. 

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Corporate graveyards around the world are full examples of once-powerful businesses that collapsed in spectacular fashion.

And each time we see a corporate failure, the world looks up and says: “How did it happen?” Regulators, lenders, investors, politicians and suppliers are left scratching their heads and wondering what precipitated the fall of a business that everyone assumed was sound and strong.

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I’m honored to be one of the judges for the Corporate Governance awards, it is something that is very important if we are to take corporate governance to higher level in this country as you know institutions that are governed well tend to perform well and if you are nominated, it is a vote of confidence that you meet a certain minimum requirement for an entity that is being governed well. If you don’t win, it also means that there are some entities that are being managed better than your entity and that also gives you chance next year to up your game and be among the winners.

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It is good for all organizations to recognize the value of good governance to them. This is not just about doing good for others, it is about enlightening self-interest, making sure that your business or organization or department can deliver to its maximum potential and that is what Good governance achieves.

In a nutshell

The ICGU Corporate Governance Awards is a Platform to recognize outstanding Organizations that are at the vanguard of corporate governance excellence.

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