Norway will provide 50 thousand USD for the project, which is a joint initiative between the Confederation of Business Associations (CTA), Institute of Directores (IoD) and Public Sector Reform Technical Unit (UTRESP).
The expectations for the code of conduct manual is that it will contribute to the promotion of a culture of accountability, transparency, zero-tolerance for corruption and sustainable environment practices for both private and public institutions.
The initiative will be co-funded by Public Sector Reform Technical Unit (UTRESP). However, the scale of UTRESPs contribution is yet to be revealed. The conduct manual will be composed by the consultancy firm Price Water House Coopers, and is to be completed within one year.
At the event, the Norwegian Ambassador to Mozambique, Tove Westberg, expressed expectations that the manual will provide guidelines for a responsible corporate conduct which can inspire companies to improve their Corporate Social Responsibility (CSR) profiles. This can in turn improve the climate for business and investment in Mozambique, as studies have shown a general preference for negotiating with businesses that have clear and coherent CSR policies.