Society seeks institutionalisation of corporate governance in Nigeria

The Society for Corporate Governance Nigeria (SCGN) has stressed the need for the enthronement of behavioural and institutionalised mechanism for Corporate governance in Nigeria so as to guarantee the health, growth and sustainability of enterprises.

A Fellow and Director of the Society, Professor Fabian Ajogwu (SAN), who disclosed this at a media briefing to announce the 2017 edition of SCGN yearly Conference scheduled for tomorrow at the Oriental Hotel, Lagos, said Corporate Governance has gone from a good-to-have system to a must have.

He stressed that the non-profit organisation, has over the years continued to deploy its resources to enhance knowledge and practice of corporate governance best practices and ethics in Nigeria, through Research an Publications on the subject of Corporate Governance,
intensive learning programmes for Board Chairmen & Directors, Seminars & Breakfast meetings; and legislative advocacy in the field.

According to him, Fellows and Members of the Society have played one role or the other in the issuance of most of the existing Codes of Corporate Governance in Nigeria.

These, he said, included the pioneer Code of the Securities & Exchange Commission, the Peterside Code under the chairmanship of Atedo Peterside and the Nigerian Communications Commission Code under the chairmanship of Professor Ajogwu, among other codes.

He stressed that the society holds a Corporate Governance Conference every year during which topical issues are discussed with speakers drawn from heads of regulatory and statutory agencies, academicians and practitioners, captains of industries within and outside of Nigeria.

The yearly Conference is supported by the Central Bank of Nigeria (CBN), National Insurance Commission (NAICOM), Securities and Exchange Commission (SEC), National Pension Commission (PENCOM), Nigerian Communications Commission (NCC), Nigeria Deposit Insurance Corporation (NDIC) and the Nigerian Stock Exchange (NSE), among others.