Ahmad has recently been elected President of a new organisation devoted to corporate governance, the African Corporate Governance Association, Ahmad has learned that he has been Invited to give an address to African Finance Ministers at their next meeting at the Aktrican Union, He believes that it will be an ideal opportunity to explain to the Ministers that corporate governance is truly an idea that has come and that they should encourage their respective business communities to embrace the best practice norms of corporate governance.
Ahmad wants to make the argument to the Ministers that the world - including the Developing World - is converging on certain important corporate governance norms such as separating the roles of CEO and Chairman of the Board of Directors and the importance of having independent thinkers on the Board.
Ahmad asks you to write him a memorandum on whether it is realistic to say that there is growing convergence on corporate governance norms. Write him the memorandum.
You will find it helpful to consult the following materials in the first instance:
Center for International Corporate Governance and the Global Corporate Governance Forum, Advancing Corporate Governance in the Middle East and North Africa: Stories and Solutions (2011), especially pp 51-73.