Don tasks organisations on good governance for business sustainability 

A Professor of Business Administration, University of Lagos (UNILAG), Sulaimon Abdul-Hameed, has urged organisations to operate on sound corporate governance and citizenship that is developed through robust business strategy.

He said this while delivering a lecture on  ‘Restructuring Businesses for Sustainability in the Pandemic Era’, at the 2021 Distinguished Management Lecture of the Nigerian Institute of Management (NIM).

He said this was significant given the current business environment for companies to incorporate sustainability drive into their long-term strategies.

These, he maintained was to navigate environmental complexity and social change created by the COVID-19 pandemic.
With the businesses resuscitation and revitalisation committee set up by government to grant loans to critical sectors most affected by the COVID-19 pandemic, he urged that the group should be empowered and made to work effectively.

According to him, unconditional cash transfers should be intensified and enlarged to cover all states of the federation throughout the crisis until the economy starts recovering.

Government should consider tax incentives, increase infrastructure drive and improve on security architecture by providing more equipment, personnel and re-training officers to meet current demands.

President, NIM, Patience Anabor, noted that the lecture was part of the institute’s effort to contribute to nation building through effective governance and leadership of national importance.

“As an organisation you should be responsible and think of the welfare of your staff. If they know you are interested in their welfare, they would give their best. If you carry your employees along, there is no way they won’t understand what you tell them. If you are doing well, let them know and vise versa, so they know areas they can improve on. When times are good, extend it to your employees because they would remember your gestures when things are not going as planned,” she added.