Experts at Dealhq Roundtable underscore need for sanctions, accountability and ethics in board activities

…As law firm unveils Corporate Governance Compliance Report Generator for Private Companies

On Thursday, 31st October 2019, Commercial Law Firm, Dealhq Partners, one of the newest entrants into the transaction advisory space in Nigeria; hosted over 40 C-level Executives at its inaugural Enterprise Roundtable.

Lead Advisor, Tosin Ajose disclosed that the roundtable which will be consistent in the firm’s calendar going forward, is intended to entrench knowledge management through stakeholder engagements and active conversations that birth solutions, influence business practices, drive policy changes and ultimately deepen the performance of enterprises within the Firm’s demography.

The First edition brokered conversations around the theme: “Building Sustainable Enterprises Through Adaptive Corporate Governance Practices”.

The CEO of the Financial Reporting Council, represented by Prof. Musa Inuwa Fodio, set the tone for the event with a keynote address on Institutionalizing Corporate Governance Best Practices in Private Enterprises. He emphasized the intention of the Financial Reporting Council of Nigeria to make good governance practices a culture within Corporate Nigeria; where without the need for sanctions, accountability, sustainability and ethics become the pillars of their management.

Others who spoke at the event include, Adebisi Adeyemi, MD, DCSL who spoke on “Entrenching Effective Board Practices for Optimal Corporate Performance”. She emphasized the need to embed accountability, foresight, strategy and supervision in board activities.

Banji Fehintola, the President of the CFA Society Nigeria and Senior Director/ Head of Treasury & Financial Institutions, Africa Finance Corporation, spoke on “the Role of Responsible Financial Reporting in Enterprise Growth”. He reiterated the need for transparency, comprehensiveness and consistency in the financial reporting practices of companies in Nigeria.

The Lead Advisor of Dealhq, Tosin Ajose spoke on “Navigating the National Corporate Governance Code for Effective Compliance”, giving meaningful insights on how companies can effectively embrace compliance with the Code and other governance Best Practices.

The panel session was moderated by Femi Awofala, CEO, Brickstone Africa, who led conversations with Moshood Olajide, Executive Director,

Finance and Risk Management, Forte Oil; Charles Ojo, Company Secretary, CSCS Plc; and Prof. Musa Inuwa Fodio, Member Governing Council, Financial Reporting Council of Nigeria.

The session focused on the cost of compliance to private companies proffering ideas on how to ensure that the implementation of the code enhances rather than impede the operational and financial performance of Private Companies who are expected from January 2020 to comply with the new Governance Code.

The event ended on a very high note with the unveiling of the demo of the Dealhq Corporate Governance Compliance Report Generator for Private Companies; an automated system of reporting and measuring compliance with governance and other legal and regulatory obligations of private Companies.