Convention; EA Directors Discuss Challenges and Solutions

LEAD Convention 2023: Challenges And Solutions Discussed

Posted by: Kyeyune Andrew Jonathan in Uganda news July 28, 2023

The League of East African Directors (LEAD) recently, on Thursday hosted a Convention 2023. During the convention, they discussed the challenges and opportunities that arise amidst a constantly evolving regulatory environment.

LEAD is a platform playing a very important role in fostering collaboration, sharing insights and promoting knowledge exchange top leadership in East African industries.

This top leadership includes Executive directors and Non-Executive directors from diverse sectors, including legal, finance, governance, and compliance.

LEAD held this year’s convention under the theme “Governance & Business Resilience in a Dynamic Regulatory Landscape”.

The Chairperson LEAD Board of Directors Ms. Gertrude Wamala Karugaba, said the convention is evidence of the collective commitment to turn their vision into a reality.

“In today’s rapidly changing world, characterized by a dynamic regulatory landscape. The role of directors and leaders has become more critical than ever. Our ability to adapt, evolve, and embrace these changes will determine our success as organizations and as a collective driving growth and prosperity,” she said.

Additionally, she said they would engage in insightful discussions and gain valuable knowledge from industry experts throughout the convention. She also tasked members to use the convention to seize every opportunity to learn, network and forge lasting connections.

Michael Atingi-Ego, Deputy Governor of the Bank of Uganda officiated at the event. He noted that governance is a critical element of building resilience in a dynamic world.

He also noted that challenges are ever evolving in the environments where organizations operate. However he said that some of these challenges come from within the organization.

More still, he said the other challenges, external in nature, are entirely outside the organizations’ control, identifying the Covid-19 pandemic as an example.

Regardless of that, he tipped organizations to have succession plans for their boards and senior management to avoid chances of knowledge shortage when the incumbents quit.

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