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Sunday,September 27,2020 19:37 PM

Firms urged to go public

By Vision Reporter

Added 29th April 2004 03:00 AM

LOCAL firms have been advised to declare their earning in order to attract capital investment and become corporate entities.

LOCAL firms have been advised to declare their earning in order to attract capital investment and become corporate entities.

By Ricks Kayizzi

LOCAL firms have been advised to declare their earning in order to attract capital investment and become corporate entities.

David Jamwa-Chandi, a partner at Pricewater house Coopers (PWC) said this during a corporate governance breakfast at Grand Imperial Hotel on Wednesday.

“Value reporting, which also includes reporting business performance and analysing the financial position of the firm is the future of business in Uganda,” he said.

Jamwa-Chandi said companies should adopt the corporate governance framework, which ensures accurate disclosure on all matters including finance and performance.

PWC’s country leader Joseph Baliddawa, said private and public sectors must undergo structural and ethical reforms to attract local and foreign investors.

Ends

Firms urged to go public

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