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Global Council for Investment & Business for Africa 

Governance & Decision Making

GCIB's central focus is on harnessing political backing, rallying partnerships and resources, and facilitating the application of knowledge. Through these efforts, we aim to support African nations in nurturing thriving businesses, promoting sustainable economic growth, and creating enduring opportunities for all.

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To accomplish these objectives, GCIB has established a robust governance structure and a transparent decision-making process that offers an effective model for engagement. Representatives from our Founding Partners, Partners, and Member States actively participate in the decision-making, governance, and management of GCIB for Africa’s work programs at various levels. Thiscollaborative approach ensures the financial sustainability of our organization and guides our mission to bolster Africa’s economic growth

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General Assembly

The General Assembly (GA) holds extensive governance authority, crucial for actualizing GCIB for Africa's objectives and aspirations. GA ensures members engage actively in organizational governance, cultivating a vibrant forum for intellectual collaboration among members, governing entities, and the executive office. GA's jurisdiction includes

• Bylaw modifications.

• Association dissolution.

• Endorsement and adjustments of internal protocols.

• Inclusion and expulsion of members.

Convening annually, the GA may arrange supplementary sessions or conventions as needed. Each founding partner, partner, full, and associate member contributes one delegate. Affiliate members contribute as observers or consultants, amplifying the diversity of viewpoints

Global Ministers' Council

The Global Ministers' Council (GMC), a crucial constituent of GCIB for Africa, holds the responsibility of delivering political guidance, formulating policies, and directing advocacy endeavors toward fostering sustainable development and economic proliferation in Africa. As GCIB for Africa's political extension, the GMC functions under an administration supported by an Executive Committee ensuring streamlined, proficient decision-making, adeptly addressing Africa's fluctuating economic and political landscape. The GMC's astute perspectives and direction propel GCIB for Africa's mission towards a thriving, sustainable future for the continent

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The Governing Council

The Governing Council, acting as the essential intermediary between GCIB for Africa and government bodies, comprises global ministers overseeing investment and commerce. Its primary duties include: continuous evaluation of Africa's investment portfolio and fostering member collaboration; facilitation of sub-regional, regional, and international cooperation by coordinating investment policy discourse; advocating for global unity on trade matters and expediting relevant conventions; endorsing exemplary investment policy reforms and assisting in implementing national, sub-regional, and regional plans; and providing a forum for dialogue with UN agencies regarding investment strategies. Consequently, the Council fortifies GCIB for Africa's objective of stimulating growth and sustainable development throughout the continent.

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The Executive Committee

The Executive Committee, a diverse and all-encompassing consortium, is composed of the Council President and 15 auxiliary members. Representing the quintet of global continents, these delegates partake in a triadic, rotational selection process to ensure expansive and impartial representation. The Committee's quintessential functions comprise adjudication, implementation oversight, budget endorsement, session orchestration, and strategic guidance.

 

Through rigorous examination and endorsement of determinations emanating from the Board of Directors, diligent supervision of Governing Council resolutions execution, meticulous budget validation aligned with strategic objectives, adept coordination of session preparations, and formulation of strategic trajectories for constituent entities, the Executive Committee plays an instrumental role in navigating GCIB for Africa's strategic endeavors towards cultivating sustainable economic growth and development throughout the continent

The Board of Directors

The Board of Directors (BoD) serves as prominent officials in directing GCIB for Africa's governance, ardently supporting and enacting diversity, equity, and inclusion principles. These esteemed members are pivotal in molding the organizational ethos that encapsulates these tenets, fostering an environment permeated by impartiality and inclusiveness. Their salient duties span various aspects, such as representing the organization's image, fulfilling fiduciary obligations, policy development and compliance, risk management, fundraising and resource mobilization, board enhancement and assessment, as well as meeting attendance and participation.

 

As custodians of GCIB for Africa's standing, Board members vigorously uphold the organization's mission. By liaising with stakeholders and nurturing strategic alliances, they advance its objectives. Ensuring financial stability is of paramount importance; thus, they meticulously supervise financial affairs and endorse budgets. Moreover, they are responsible for creating organizational policies while complying with laws, regulations, and industry standards. Collaboratively devising risk mitigation tactics and routinely evaluating such practices further demonstrates their commitment to the organization. To bolster resources for GCIB for Africa's endeavors, they actively participate in fundraising efforts through donor identification and personal contributions. Lastly, by assisting board development through self-assessments, recruitment of new members, ongoing education initiatives, and attending meetings with dedication and expertise contribution, the Board of Directors fortifies its integral role within the organization

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The Advisory Board

The Advisory Board serves as an indispensable conduit, empowering GCIB for Africa to harness the acumen of external consultants, thus benefiting the Ministers Council, directors, clients, and stakeholders by providing a platform for business enhancement and accessing undiscovered insights. With the primary aim of obtaining novel perspectives and pertinent counsel to tackle business hurdles and seize emerging opportunities, stimulating and thorough discussions invigorate the organization's strategic mentality. The board's advisory roles are tailored flexibly to accommodate evolving business requirements, with internal appointments for the Chair and members bolstering confidence in the Board of Directors through current information, analytical methodology, and astute examination.

 

Under the Chair's guidance, the Advisory Board's principal duties encompass advocating for the organization's objectives via strategic connections, value-oriented advice, executive mentorship, technical counsel for the Board of Directors, organizational scaling, expertise and connection accessibility, and establishment or evaluation of advisory board structures for efficacy and adherence to best practices. GCIB for Africa prioritizes adaptability in enlisting external advisors based on their specialized knowledge and experience to facilitate problem-solving endeavors, exploration of alternatives or concepts, and defining the organization's strategic trajectory.

© 2023 Global Council for Investment & Business for Africa​

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