Invitation for Comments – Botswana Code Of Corporate Governance

To:              Botswana   Accountancy   Oversight  Authority  Stakeholders and Members of the Public

From:         Chief Executive Officer

Date:          7th December 2022

 Subject:    Invitation for Comments – Botswana Code Of Corporate Governance

The Botswana Accountancy Oversight Authority (the Authority) wishes to inform its Stakeholders and Members of the Public that:

1. In accordance with Section 6 of the Financial Reporting (Amendment) Act, 2020 (the Act), read in conjunction with Regulation 19 of the Financial Reporting Regulations, 2021, the Authority shall:

    a) Establish a Code of Corporate Governance to be used by Public Interest Entities in accordance with Section 6 (1) (f) and (g) of the Act, and

    b) Monitor and   enforce  compliance   with  the  Code   of Corporate Governance.

2. Based on the foregoing, Stakeholders and the Public are invited to review the attached draft Code of Corporate Governance and submit their written comments to the Authority. The Code can be downloaded from the Authority’s website at baoa.org.bw under Notices, under the heading “Code of Corporate Governance for Botswana.

3. All comments should be submitted via email to totukile@baoa.org.bw on or before the 9th January 2023

For more information, contact Thapelo Otukile, the Legal Manager at 3919735.