In its bid to continue to champion best practices in the capital markets, Nigerian Exchange (NGX) will keep collaborating extensively with the Institute of Directors (IoD) to further boost compliance to corporate governance.
NGX and IoD have for long worked in tandem to advance best practices in corporate governance in the Nigerian capital market. In March 2022, NGX, IoD and the Nigerian Bar Association’s Section on Businesss Law (NBA-SBL) partnered to form the Corporate Governance Triangle which led to the creation of the Corporate Governance Charter that was officially released in August 2022.
Chief Executive Officer, Nigerian Exchange (NGX), Mr Temi Popoola, acknowledged the efforts of IoD in the effective functioning and development of the capital market and the broader private and public sectors as it advocated for standardised corporate governance and best practices.
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“As NGX prides itself for being at the forefront of excellence in governance, integrity and transparency in the Nigerian private sector, we recognise the efforts of IoD in its stance towards promoting competence, developing corporate governance standards, protecting the integrity of directorship, advocacy and nurturing astute professionals who contribute to the success of corporate and public organisations as well as the development of our country.
“We have long enjoyed a synergistic relationship since pre-demutualisation and we hope this will continue in goodwill. We look forward to more collaborative opportunities with IoD to actualise our collective goals and objectives,” Popoola said.
Popoola, who was represented by Divisional Head, Capital Markets, NGX, Mr Jude Chiemeka, spoke during closing gong ceremony held in honour of IoD at the Exchange yesterday in Lagos.
President, Institute of Directors (IoD), Dr Ije Jidenma commended NGX for appointing some of its members to positions on its board adding that the institute had followed with keen interest the accelerated dynamism of NGX to a shareholder-owned for-profit entity.
“The institute and the exchange have an intersection in terms of in corporate governance for the country to be better. We are convinced that whatever objective the Exchange sets out, it will achieve,” Jidenma said.