Principles, precepts and practices of Good Corporate Governance
GICAM
GROUPEMENT
INTER-PATRONAL
DU CAMEROUN
Agir & réussir ensemble
.
GICAM
GROUPEMENT
INTER-PATRONAL
DU CAMEROUN
Agir & réussir ensemble
OVERVIEW
PRESENTATION OF THE GICAM... I FOREWORD BY THE PRESIDENT OF THE GICAM... II ACKNOWLEDGEMENTS... IV PREAMBLE... V
I. PRINCIPLES OF GOOD GOVERNANCE FOR ALL COMPANIES... I
II. PRECEPTS AND PRACTICES OF GOOD CORPORATE GOVERNANCE FOR LARGE COMPANIES... I
III. PRECEPTS OF GOOD CORPORATE GOVERNANCE FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMEs), VERY SMALL ENTERPRISES (VSEs), AND FAMILY OWNED SMEs/VSEs... I
STATUTORY BODIES AND REPRESENTATION OF THE GICAM... V
CAMEROON CODE OF CORPORATE GOVERNANCE | 2023
PRESENTATION OF THE GICAM
CAMEROON EMPLOYERS' ORGANIZATION
Common Action for Common Success
Created on 12th June 1957, the Cameroon Employers Organisation (GICAM) is the main employers' organisation in Cameroon. It brings together companies and professional associations and groups, that is a thousand companies in total, direct or indirect members, of which more than 67% are SMEs. GICAM members are active in almost all sectors of activity. They represent almost 90% of the economic weight of the formal sector and more than 70% of the State budget.
GICAM has set up specialised units including the GICAM Mediation and Arbitration Centre (CMAG) and the SME Development Centre (CDPME). In recent years, GICAM has made proposals and undertaken several projects, to improve the business climate. Thus, GICAM published the "100 proposals for the emergence of Cameroon" in 2014, the Tax Reform Proposal in 2018 and the White Paper on the Cameroonian economy in 2020.
As the most representative organisation and the main interlocutor of the State, Workers' Unions and International and Regional Institutions on issues related to the development of the private sector, GICAM deals with economic and social issues such as the business environment, the competitiveness of enterprises, infrastructure, financing, employment, etc.
At the regional and international levels, GICAM chairs the Central Africa Employers Union (UNIPACE) and is a member of the International Organisation of Employers (IOE) as well as of Business Africa.
CAMEROON CODE OF CORPORATE GOVERNANCE | 2023
FOREWORD BY THE PRESIDENT OF THE GICAM
The economic life of our country has been plagued by numerous crises in recent years, impacting companies, which must also meet the challenge of competitiveness on a global scale, in an increasingly globalized market. In order to ensure their sustainability, Cameroonian companies, nearly 97% of which are SMEs, must adopt and apply international norms and standards of governance, adapted to our environment and guarantees of ethics and performance.