FRCN, FITC say good corporate governance imperative for sustainable enterprise

Good corporate governance is imperative in driving sustainable enterprise, experts have said. The experts spoke at the Executive Corporate Governance Programme organised by FITC, in collaboration with the Financial Reporting Council of Nigeria (FRCN).

According to them, Boards and Management of organizations have key roles in institutionalising corporate governance best practices, as well as complying with the reporting standards.

“Corporate Governance goes beyond rules and regulations. Essentially, it is also about ethics and the values which drive organizations in the conduct of their businesses and the trust established over time between their different stakeholders,” they said.

“While good corporate governance and ethical practices significantly support corporate survival, its absence will definitely lead to questionable practices and corporate failures, which sometimes surfaces suddenly. Considering today’s business volatility and growing regulation, it behoves on management and boards to see beyond business as usual and lead with greater responsibility, transparency, fairness, and accountability,” the experts said

The programme with the theme “The Next Level of Corporate Governance: NCCG 2018 Compliance, Challenges and Reporting” was held on Thursday, 26th and Friday, 27th November 2020.

The distinguished faculty who participated in the programme include; Daniel Asopokhai, Executive Secretary/ceo, Financial Reporting Council of Nigeria, Tinuade Awe Executive Director, Regulations, Nigerian Stock Exchange, Professor Musa Inuwa Fodio, Member, Governing Board, Financial Reporting Council of Nigeria, Nelson Anumaka, Director/head, Directorate of Corporate Governance, Financial Reporting Council of Nigeria, and Tomi Adepoju Partner & Head of the Governance, Internal Audit, Risk and Compliance Services, KPMG Nigeria.