If exports and production increase, firms’ sales will increase and corporate profits will improve. Since capacity utilization will increase as the production level rises, the firms’ sense of excessive capacity will fade away, albeit moderately, and their motivation for business fixed investment could be stimulated. Furthermore, such favorable conditions in the corporate sector are likely to spread to the household sector.
Mr Chairman and Distinguished Delegates, the importance of ICT Governance can never be over emphasized. You may recall that infamous scandals such as Enron in the USA, were largely caused by lack of resilient and sound corporate governance structures within the corporation. It is therefore only prudent that we must embrace and implement proper corporate governance structures in our central banks.