NBA-SBL, NGX, IoD Nigeria Launches Corporate Governance Triangle in Lagos
The Nigerian Bar Association Section on Business Law (NBA-SBL), the Nigerian Exchange Limited (NGX) and the Institute of Directors, Nigeria (IoD) are collaborating to launch the Corporate Governance Triangle, an initiative designed to foster good corporate governance in Nigeria for members of the business law community, directors and managers of businesses, shareholders and other corporate stakeholders.
The launch, which took place last Tuesday saw the signing of the Corporate Governance Triangle MOU by the Nigerian Exchange Ltd, IoD Nigeria and NBA-SBL, led by its Corporate Governance and Compliance Committee which initiated the Triangle.
The NGX, IoD Nigeria and the NBA-SBL Corporate Governance and Compliance Committee are key stakeholders in the corporate world and the Corporate Governance Triangle is seen as capable of enhancing corporate governance in Nigeria.
The NGX Group which operates critical capital markets infrastructure, is in this collaboration in furtherance of its commitment to the highest governance standards, while IoD Nigeria has been at the forefront of promoting good governance practices in Nigerian companies and the public sector.
On its part, the NBA-SBL Corporate Governance and Compliance Committee was set up to champion, increase awareness of and enhance corporate governance and compliance best practice across all industries in Nigeria.
“As key stakeholders in the corporate world, the CCGC, Nigerian Exchange Ltd, and IoD are in a position to influence their members, share best practices and develop frameworks that will enhance corporate governance in Nigeria”, a representative of the organisations said.
The CEO of the Nigerian Exchange Limited, Temi Popoola, and Director-General/CEO of IoD Nigeria, Mr Dele Alimi, gave key remarks at the launch, while Oscar N. Onyema, the Group CEO of Nigerian Exchange Group Plc, Dr. Ije Jidenma, President, IoD Nigeria, and George Etomi, Partner, George Etomi & Partners, gave the goodwill messages.
Other speakers at the launch were the NBA-SBL Chairman, Ayuli Jemide, who gave the “History and Background of Corporate Governance Triangle”, and Ayotola Jagun, Chairperson, NBA-SBL Corporate Governance and Compliance Committee, who spoke on “Aims & Objectives of the Corporate Governance Triangle”.
Established in 2021, the Corporate Governance and Compliance Committee of the NBA-SBL seeks to harness the expertise, research and comparative knowledge flowing from other jurisdictions with a view to developing, expanding and reforming existing frontiers in the Nigerian corporate governance and compliance sphere. The establishment of the Corporate Governance Triangle, is in line with its role of advancing the corporate governance agenda.