Ab­sence Of Cor­po­rate Gover­nance Re­spon­si­ble For Cor­rup­tion –––FADAKA

Tony Fadaka is the Reg­is­trar/chief Ex­ec­u­tive Of­fi­cer of Nige­rian In­sti­tute of Man­age­ment (Char­tered), La­gos. In this in­ter­view with FRANK UDEZO, he speaks on the ob­jec­tive of NIM, the yearly Na­tional Man­age­ment Con­fer­ence hold­ing to­day, what NIM has done

The Guardian (Nigeria) - - IBRU CENTRE -

What is the ob­jec­tive of NIM? INCE its es­tab­lish­ment in 1961, NIM has con­tin­ued to serve as a plat­form for pro­vid­ing and pro­mot­ing the prac­tice of man­age­ment. It has re­mained the prime driver of man­age­ment stan­dards and val­ues, and a ver­i­ta­ble change agent in strate­gic trans­for­ma­tion of our coun­try.

The NIM Es­tab­lish­ment Act clearly spells out the ob­jec­tives and pow­ers of the In­sti­tute, which are: • De­ter­min­ing what stan­dards of knowl­edge and skill are to be at­tained by per­sons seek­ing to be­come mem­bers of the man­age­ment pro­fes­sion, and rais­ing those stan­dards and skill from time to time, as cir­cum­stances may per­mit.

• Se­cur­ing in ac­cor­dance with the pro­vi­sions of this Act, the es­tab­lish­ment and main­te­nance of reg­is­ter of mem­bers and pub­li­ca­tion from time to time. • Reg­u­lat­ing and con­trol­ling the pro­fes­sion of man­age­ment in all its as­pects

Sand ram­i­fi­ca­tions and; • Per­form­ing through the Coun­cil un­der this Act the func­tions con­ferred on it by this Act.

By what cri­te­ria do you judge NIM’S suc­cess?

NIM can be ad­judged as suc­cess­ful, when the ob­jec­tives I stated ear­lier are be­ing ac­com­plished. Specif­i­cally, we have gone a long way to en­sure that our mem­bers ob­serve the val­ues we share namely: in­tegrity, trans­parency, re­spon­si­bil­ity, ac­count­abil­ity, eq­uity, fair­ness, ef­fi­ciency and ef­fec­tive­ness.

Through the In­sti­tute’s nu­mer­ous train­ing pro­grammes, sem­i­nars and work­shops, th­ese val­ues are con­tin­u­ously be­ing in­stilled in our mem­bers and I’m glad to say that they live and operate in ac­cor­dance with th­ese val­ues in all their en­deav­ours. For me, this is suc­cess.

What makes NIM stand out from other man­age­ment in­sti­tutes?

The Nige­rian In­sti­tute of Man­age­ment (Char­tered) is the fore­most multi–dis­ci­plinary pro­fes­sional body in Nige­ria, be­cause it houses peo­ple from var­i­ous pro­fes­sions, who see ac­qui­si­tion of man­age­ment skills as vi­tal to their ca­reer growth. NIM stands out in the fol­low­ing ar­eas:

• The only in­sti­tute with the Na­tional Assem­bly’s man­date to reg­u­late the prac­tice of man­age­ment in all as­pects and ram­i­fi­ca­tions

• Large mem­ber­ship base, which cuts across both the pub­lic and pri­vate sec­tors. • Wide cov­er­age in terms Fed­eral Gov­ern­ment in the scheme of civil ser­vice.

Could you shed more light on cor­po­rate gover­nance? The prob­lem of cor­rup­tion, which we face to­day, is as a re­sult of lack of cor­po­rate gover­nance in ma­jor­ity of our in­sti­tu­tions. In the pri­vate sec­tor, cor­po­rate gover­nance es­sen­tially in­volves bal­anc­ing the in­ter­ests of a com­pany’s many stake­hold­ers, such as share­hold­ers, man­age­ment, cus­tomers, sup­pli­ers, fi­nanciers, gov­ern­ment and the com­mu­nity. In the pub­lic sec­tor, it fo­cuses on good lead­er­ship, by adopt­ing the prin­ci­ples of trans­parency, ac­count­abil­ity and re­spon­si­bil­ity to­wards the cit­i­zenry.

In view of the en­demic man­age­ment fail­ure in the coun­try, what is NIM do­ing to im­prove the sit­u­a­tion? I would not to­tally agree that there is man­age­ment fail­ure in Nige­ria. In the pri­vate sec­tor, there are hun­dreds of com­pa­nies that are very well man­aged de­spite the eco­nomic sit­u­a­tion.

Even in the pub­lic sec­tor, you find some states and paras­tatals be­ing very well man­aged.

Hav­ing said that, there is a lot of room for im­prove­ment. NIM is do­ing so much to sen­si­tise peo­ple in au­thor­ity at all lev­els. The NIM Acad­emy of Cor­po­rate Man­age­ment has been able to gen­er­ate five pol­icy re­ports in the ‘Man­ag­ing Nige­ria Se­ries.’ Through th­ese pub­li­ca­tions, the In­sti­tute ad­dressed the is­sues of se­cu­rity, un­em­ploy­ment, in­dus­tri­al­i­sa­tion, bud­get­ing, oil wealth man­age­ment, and more. Copies were de­liv­ered to the rel­e­vant quar­ters for ac­tion. I must con­fess that very lit­tle at­ten­tion is be­ing paid to our sug­ges­tions on how to move the coun­try for­ward. What is the pur­pose of this year’s Na­tional Man­age­ment Con­fer­ence?

The yearly Na­tional Man­age­ment Con­fer­ence (ANMC), the flag­ship of the In­sti­tute’s nu­mer­ous pro­grammes and one of its con­tri­bu­tions to nation build­ing, is the largest gath­er­ing of pro­fes­sional man­agers in Africa and even be­yond. Over 2,500 man­agers from var­i­ous dis­ci­plines come to­gether to rub minds and brain­storm on so­cio-eco­nomic, and other top­i­cal is­sues fac­ing the coun­try. They pro­vide sound and in­formed rec­om­men­da­tions and also prof­fer prac­ti­ca­ble so­lu­tions to lead­er­ship is­sues in the pub­lic and pri­vate sec­tors. This year’s con­fer­ence, which will fo­cus on the theme: Cor­po­rat­e­gov­er­nance­andin­sti­tu­tional Per­for­mance will see renowned author­i­ties in the area of cor­po­rate gover­nance pre­sent­ing pa­pers. A dis­tin­guished Fel­low and Com­pan­ion of the In­sti­tute and an in­ter­na­tion­ally recog­nised au­thor­ity in the area of Cor­po­rate Gover­nance, who has served mer­i­to­ri­ously in both pub­lic and pri­vate sec­tor or­gan­i­sa­tions, Dr. Christo­pher Ko­lade,will be pre­sent­ing the main theme pa­per.

Tony Fadaka

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