CAC creates training school

The Corporate Affairs Commission (CAC) has started its training school on capacity building for professionals in businesses and the Civil Society Organisations (CSOs).

Speaking during the take-off of the school’s maiden training organised for company directors and secretaries held in Abuja, yesterday, the Acting Registrar-General, Lady Azuka Azinge, said the school would run certified training programmes to boost the capacity of the workforce in the corporate world.

Lady Azinge said the training on compliance requirements for the stakeholders was organised to promote the capacity of CEOs, lawyers, registrars, secretaries and other officers of companies.

She said the development was geared at “developing sound compliance culture anchored on good corporate governance consistent with international best practices.”

The CAC boss said the Companies and Allied Matters Bill, which has been passed and transmitted to the president for assent, is the biggest piece of legislative instrument in Nigeria with innovations such as provision of e-meeting, single director, removal of requirements of appointment of secretary, filling of financial statement and auditor for small companies.

Chairman of the Steering Committee on Management of CAC Training School, Bose Florence Ikhanoba, said the CAC’s School was established to provide relevant trainings and to ensure that companies in Nigeria adhere to compliance requirements and therefore not in default of their statutory obligations.