THE Nigerian Exchange Limited (“NGX”), recently, stressed the value of sound corporate governance as the foundation that creates transparency and establishes the trust required to keep the global financial system running.
The CEO, Mr Popoola, represented by Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited of the NGX disclosed this at the launch of the Corporate Governance Triangle.
The event which is an initiative of the Nigerian Bar Association Section on Business Law (NBA-SBL), Nigerian Exchange Limited and the Institute of Directors, Nigeria (IoD) is said to foster good corporate governance in Nigeria for members of the business law community, directors and managers of businesses, shareholders, and other corporate stakeholders.
Speaking at the event, Mr. Popoola, said as a securities exchange, they recognize their unique role in fostering the growth of long-term sustainable capital by positively influencing key stakeholders to adopt sustainable business practices, including best practice corporate governance.
Sound corporate governance he said ultimately brings about greater transparency and trust in the Nigerian capital market and positions the market on a strong pedestal as a leading capital market in the region.
He further expressed delight in the initiative, saying, NGX is delighted to collaborate with Institute of Directors Nigeria (IoD Nigeria) and Nigerian Bar Association-Section on Business Law (NBA-SBL) on the establishment of the Corporate Governance Triangle.
“We look forward to working closely with our colleagues in these highly-reputed organisations to formulate and implement initiatives that will further raise the bar on corporate governance standards and practice in Nigeria,” he said.
