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Forum to tackle corporate governance challenges

By Benjamin Alade and Gloria Ehiaghe
27 March 2017   |   4:35 am
Speaking during a courtesy visit to The Guardian, in Lagos, Chairman, Lagos State Chapter, ICSAN, Mrs. Abiola Laseinde, said the current economy situation has given rise to more troubled times for businesses, especially in the face of undiversified earnings.

Managing Director; DCSL Corporate Services Limited, Bisi Adeyemi (left); Chairman, Keystone Bank Limited, Mr. Jacobs Moyo Ajekigbe and Registrar, Institute of Chartered Secretaries and Administrator of Nigeria (ICSAN), Mrs.Nkechi Onyenso at the DCSL/ ICSAN Corporate Governance Master Class in Lagos

As part of efforts to prmote corporate governance in the country, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has stressed the need for institutions and government parastatals to ensure ethical values in their dealings.

According to the institute, with the dwindling state of the economy, it is pertinent that board members are carefully appointed for the purpose of setting strategic goals and direction while upholding ethical culture in corporate governance.

Speaking during a courtesy visit to The Guardian, in Lagos, Chairman, Lagos State Chapter, ICSAN, Mrs. Abiola Laseinde, said the current economy situation has given rise to more troubled times for businesses, especially in the face of undiversified earnings.

She stated that unpredictable rise in foreign exchange, the collapse in security system, menace of corruption and governance issues have become real threat to corporate existence.

Laseinde said the institute is proactive in ensuring the practice of corporate governance in the society thereby seeking the strategic support to promote it. To this end, the chapter is organising its first business meeting to sensitise stakeholders and members on issues of national interest, as well as preferring solutions to achieve national development.

The event, which is slated for tomorrow, March 28, at the Lagos Chamber of Commerce and Industry (LCCI), Alausa, Ikeja, with the theme: ‘Upholding ethical board practices and achieving corporate objectives in a recessed economy’, is aimed at tackling issues bedeviling the corporate governance of the country.

She said efforts are in place to bring professionals across the Federation in areas of corporate governance, finance management to chart the part on ensuring sustainable governance in the time of recession.

With over 3000 members across the nation, she mentioned that the institute provides trainings and examinations for people who are willing to change the culture of governance through ethical habits and morals available at the institute.

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