By Stanley Opara Monday, 11 Oct 2010  

The Nigeria Institute of Directors, Securities and Exchange Commission and Corporate Affairs Commission have set up the centre for corporate governance to promote good corporate governance practice in the country.A statement from the IoD Centre for Corporate Governance on Friday, said it was committed to addressing issues of corporate governance and international best practices in Nigeria.

 

Its activities, according to the centre, will create a positive and favourable image for Nigeria businesses in Africa and globally.The centre said it was committed to promoting reforms in the light of the ever changing economic terrain, as well as encouraging and strengthening the operational and monitoring mechanisms of regulatory institutions.

 

At its maiden high-level discourse, which attracted over 100 business leaders and captains of industries from key sectors of the economy, the Chairman of the governing board of the centre, Ms. Bennedikter Molokwu, urged Nigerian businesses to imbibe good corporate governance practices.She also advised them to take advantage of the centre‘s high quality training programmes, extensive research facilities and other consulting services, to assist them in building investor confidence, business integrity and sustainability.

 

”The centre is at the forefront of encouraging and monitoring compliance the code of corporate governance established to ensure that discipline, transparency and accountability thrive in organisations,” the statement noted.Molokwu urged Nigerians to support the centre and its activities, especially, at this time that some businesses were failing because of poor corporate governance.

 

She said supporting the centre was a sure way of making businesses in Nigeria responsible and responsive.

 

Source:Punch