The Chartered Institute of Directors (CIoD) has stressed the need for good corporate governance to unlock the potential in agriculture, solid minerals and the blue economy to diversify the economic landscape.
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The President of CIoD, Alhaji Tijjani Borodo, said this during a news conference on Monday in Lagos to announce the institute’s upcoming 2023 Annual Directors’ Conference (ADC) at Transcorp Hotel, Abuja.
The CIoD president stated that the event scheduled for Nov. 16 to 17 with the theme: “Driving Nigeria’s Economic Transformation and Diversification: The Role of Corporate Governance,” would be a gathering of over 500 directors.
He said the reason for the theme was in the light of what the economy was currently going through and the plan as an institute to drive the transformation to support the transformation agenda of the presidency.
He noted that the institute; a thought leader in the advocacy for the entrenchment of good corporate governance in Nigeria, was commitment to entrenching global best practices in the governance of companies and institutions in Nigeria.
“We have and will continue to actively engage with all the necessary stakeholders, both in the public and private sectors of the economy, through our numerous advocacy platforms.
“A major one, amongst these platforms, the Annual Directors’ Conference (ADC) stands out as a pivotal avenue.
“This flagship event forms the core of the institute’s advocacy engagement series, uniting stakeholders from private, public, and not-for-profit sectors to deliberate on crucial issues concerning leadership, ethics, the economy, and business, among others.
“I am optimistic that the presentations and discussions during this year’s conference will serve as a platform for stakeholders across various sectors of the Nigerian economy to foster a deeper commitment to corporate governance best practices.
“We anticipate a positive ripple effect across all sectors, nurturing a better appreciation of the roles played by corporate governance in driving Nigeria’s economic diversification and transformation,” he said.
The Chairman, National Organising Committee, 2023 ADC, Mrs Fatumata Coker, noted that the role of corporate governance in driving Nigeria’s economic transformation cannot be overemphasised.
According to her, corporate governance plays a pivotal role in steering the economy towards sustainability and efficient practices, facilitating the adaptation of ethical principles and transformation.
