By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) is partnering the Convention for Business Integrity (CBI) to launch the foremost Corporate Governance Rating System (CGRS) in Nigeria on November 3, 2014, a statement from the bourse said.

The NSE says the launch will present the details on the CGRS framework which is designed to evaluate companies based on the quality of their corporate integrity; corporate compliance; understanding of fiduciary responsibilities by their directors and their corporate reputation.

‘’The Corporate Governance Rating System will mark the beginning of a new era in market transparency and it is a new model for 21st century corporate reporting,’’ the NSE said.

It added that the CGRS launch event, will be attended by corporate sector participants joined by government and civil society delegates from across Nigeria and globally. Some of the speakers scheduled to speak at the event themed “Better for Business”are Andrea Grimminger of PGS Advisers International, Michael Lakota, the managing director/CEO of Siemens Nigeria Ltd and Jermyn Brooks, director, Transparency International.

The discussions will provide unique insights on issues of leadership and corporate governance within the African context, the NSE affirmed.