IoDZ celebrates diamond jubilee

HARARE - The Institute of Directors Zimbabwe (IoDZ), which represents directors’ interests and promotes excellence in corporate governance, held the first of a series of events it has lined up to celebrate its diamond jubilee at a Harare hotel on Monday night.

IoDZ was established on March 12, 1958 in Harare by the Britain-based Institute of Directors (IoD) as its first branch outside the United Kingdom.

Veteran director Boyman Vincent Mancama, the second black chairperson of the IoDZ after the late Ariston Chambati, officially launched IoDZ diamond jubilee celebrations which were graced by many top local directors who included IoDZ honorary life member Muchadeyi Masunda.

Mancama, who sits on the boards of various local companies, said the theme for the IoDZ Diamond Jubilee celebrations — 60 years of supporting director professional development and business growth — aptly captures the institute’s role as one of the core pillars of Zimbabwe’s economic development.

“Directors play a crucial role in providing corporate and entrepreneurial leadership. Is it not said, ‘better boards, better companies?’ one could add,’ and better economy.’

“The support that the institute has been giving to the Zimbabwean corporate director over the past six decades has been very invaluable. It has ensured that professional training and development of directors has been readily available,” he said.

The veteran director lauded IoDZ’s contribution to sound corporate governance in Zimbabwe and beyond.

“Way back around 1999, it was involved together with the Commonwealth initiative in the development of a code of principles of corporate governance. It also assisted the Zimbabwe government with the roll out of the Corporate Governance Framework for State Enterprises.

“It is one of the three promoters behind the current comprehensive National Code on Corporate Governance of Zimbabwe which was launched on April 9, 2015.

“It has been contributing to corporate governance legislation that includes the Companies Act draft bill and the State Entities Corporate Governance Bill, soon to be law,” said Mancama.

According IoDZ chairperson Benson Gasura, the institute will hold several events between now and November 30 to mark the milestone.

Apart from the launch event held on Monday night, IoDZ diamond jubilee programme will also include a corporate governance week, the IoDZ chairman’s special cocktail with chief executive officers of corporate members on March 28, Women-on-Boards high-tea on April 27, the Diamond Jubilee Director of the Year Awards (Doya) on June 1, Diamond Jubilee breakfast on September 27, Diamond Jubilee breakfast on October 26 and lastly the End of year Diamond Jubilee dinner on November 30.
IoDZ has also intends to set up a library this year.

“A special project to mark the 60th anniversary is the IoDZ Library or more appropriately, the resource centre. I would like to use this opportunity to once again appeal for contributions towards this important project,’ said Gasura.

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