The Ministry of Investment, Convergence and Public Policy Evaluation and the General Confederation of Enterprises of Morocco (CGEM) officially launched the new codes of good corporate governance practices on Wednesday in Casablanca. The event was held under the auspices of the National Commission for Corporate Governance (CNGE), co-chaired by both institutions.
This initiative comes in a context of accelerated economic, financial, and social transformations, marking a structural milestone to guide Moroccan companies towards enhanced alignment with international standards while considering the specificities of the national economic fabric.
A Lever for Attractiveness and Sustainable Growth
The publication of these new frameworks aligns with the strategic orientations of His Majesty King Mohammed VI, may God assist Him, aimed at improving the business climate, enhancing the Kingdom’s economic attractiveness, and promoting sustainable and inclusive growth.
By providing companies with modern governance tools, the initiative aims to bolster transparency, accountability, and performance of organizations, while strengthening the trust of investors and economic partners, both nationally and internationally.
A Modernized Framework Adapted to Moroccan Realities
The new codes are the result of an in-depth revision and modernization process, carried out by the CNGE through an analysis of international best practices and extensive consultations with relevant stakeholders.
This process led to the development of:
- A General Code of Governance, applicable to all companies regardless of their status or size;
- Five sector-specific codes, designed to take into account the specificities related to the size of companies, their sector of activity, shareholding structure, and financing methods.
These frameworks aim to facilitate an operational implementation of good governance principles, adapted to ground realities.
Institutional and Economic Mobilization
The launch ceremony brought together nearly 130 representatives from public institutions, companies, and organizations concerned with corporate governance. It was chaired by Karim Zidane, Minister of Investment, Convergence and Public Policy Evaluation, and Chakib Alj, President of CGEM.
Through this mobilization, public authorities and the private sector reaffirm their shared commitment to making corporate governance a pillar of competitiveness, resilience, and sustainable value creation for the Moroccan economy.