| Summary: | The Private Enterprise Partnership for
the Middle East and North Africa (PEP-MENA) corporate
governance program highlight the importance of securing a
real and demonstrable commitment by a company's senior
officers and directors before embarking on the journey of
corporate governance reform. Indeed, two issues highlight
the challenges in improving corporate governance. First,
directors and officers often do not understand the meaning
of corporate governance. Second, there is a lack of
understanding of how corporate governance can improve the
bottom line. Issues such as this can lead to resistance to
change, and overcoming them is a formidable but necessary
task to building the business case for companies to
implement corporate governance. This smart lesson focuses on
how such commitment is obtained when implementing any
company-level work to effect change to a company's
governance framework, policies, and practices. The note is
targeted to advisory staff implementing corporate governance
projects; however, it may also be applicable to other staff
who engage with private sector clients.
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