Staff Writer
Small and medium enterprises (SMEs) are the backbone of economies across the world but often struggle with governance structures, which may inhibit their long-term success and growth potential, Chartered Governance and Accountancy Institute in Zimbabwe president Judith Buzuzi has pointed out.
Addressing institute students at their graduation ceremony in Harare on Saturday, she told them that through applying principles such as transparency, accountability and ethical conduct, they could help SMEs establish robust governance frameworks that would support their sustainable growth.
“Bu doing so, you will not only contribute to the success of individual enterprises but also to the broader vision of inclusive and sustained economic development,” she said.
Ms Buzuzi, who was recently elected to head the institute, said the theme of her presidency was ‘Building Transformative SME Governance for Inclusive, Sustained Economic Growth and Development’.
“Your knowledge and skills are the tools with which you will shape the future of businesses, industries and communities,” she said, adding that as they embarked on their professional journey they should remember that their actions and decisions would have a far reaching impact.
“The world of governance and accountancy is dynamic and ever-changing. I urge you to embrace lifelong learning, collaborate with your peers and stay ahead of industry trends. It is through continuous growth and adaptation that you will remain relevant and influential in this evolving space,” she said.
“You can make a lasting and meaningful impact not just in your workplaces but in the communities and economies that depend on strong governance and ethical leadership,” she said.
There were 130 students who graduated. There were 41 Chartered Governance Professional graduates and 70 Master of Commerce Chartered Governance Professional graduates. In addition there were 12 Public Sector Accountancy graduates, six Institute of Business and Accounting Studies (IBAS) Diploma graduates and one IBAS Higher Diploma graduate.
Speaking at the same occasion, the institute’s chief executive and secretary, Dr Lovemore Gomera, told the graduates that as the next generation of professionals they were stepping into a dynamic environment at a pivotal moment.
“The world around us is changing rapidly and with change comes an abundance of opportunities. Emerging trends in technology, governance and global finance are reshaping industries and, as the next generation of professionals, you are stepping into this dynamic environment at a pivotal moment,” he said.
“As graduates of the Chartered Governance and Accountancy Institute, you are not just equipped with technical knowledge; you are also armed with the tools to lead in governance, to drive innovation and to ensure accountability in the institutions you will serve.
“The role of governance has never been more critical in shaping corporate value and fostering trust in the business world. Governance provides the foundation upon which companies can thrive and grow sustainably,” he said.
Good governance and sound financial practices were essential for the success of any organisation, he said. They enhanced transparency, attracted investment and built long-term value.
“You have the power to influence these practices and ensure that the organisations you work with are not just compliant but are leaders in best governance practices,” he said.
He ended the event by asking the new graduates whether they were ready to make a difference and they roared back that they were.
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