Recognising that good corporate governance is imperative in driving sustainable enterprise, and that Boards and Management of organizations have key roles in institutionalising corporate governance best practices, as well as complying with the reporting standards, FITC, the world-class, innovative, responsive and knowledge-driven organisation, in collaboration with the Financial Reporting Council of Nigeria (FRCN) is set to deliver an Executive Corporate Governance Programme themed“The Next Level of Corporate Governance: NCCG 2018 Compliance, Challenges and Reporting” on Thursday, 26th and Friday, 27th November 2020.
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. 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 Nigerian Code of Corporate Governance 2018 (“the Code” or “NCCG”) was issued by the Financial Reporting Council of Nigeria on January 15, 2019, in a bid to standardize the practice of good corporate governance in Nigeria. It outlines the principles of corporate governance which companies are expected to adopt and comply with. The Reporting Template was also issued on May 28, 2020, while its adoption took effect in July 2020.
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However, some organizations are still faced with challenges in keeping pace with changing regulations, competitive environment and maintaining an effective governance culture, particularly in the wake of numerous recent high-profile scandals. In view of this, FITC, in collaboration with FRCN is bringing together, renowned faculty to share knowledge and insights on how Directors, Non-Executive Directors, Senior Executives, Board Members of financial/non-financial institutions, and Senior Managers of public and private sector organizations in Nigeria can be guided on the systematic adoption of, and compliance with the NCCG 2018 principles for maintaining an effective governance culture; how to properly adopt the Reporting Template to ensure excellent business performances, and also highlight the issues & perspectives of NCCG 2018, as well as its implications on business performance.
The distinguished faculty line up for this programme include; Mr Daniel Asopokhai, Executive Secretary/CEO, Financial Reporting Council of Nigeria, Ms Tinuade Awe Executive Director, Regulations, Nigerian Stock Exchange, Professor Musa Inuwa Fodio, Member, Governing Board, Financial Reporting Council of Nigeria, Dr Nelson Anumaka, Director/Head, Directorate of Corporate Governance, Financial Reporting Council of Nigeria, and Ms. Tomi Adepoju Partner & Head of the Governance, Internal Audit, Risk and Compliance Services, KPMG Nigeria.
Outfitted with these faculty of world-class executives and corporate governance experts, the two-day event promises to be highly insightful, especially with the strategic experience sharing session, aimed at equipping Executives with essential knowledge for proper Corporate Governance compliance and reporting, a deeper understanding of the Nigerian Code of Corporate Governance 2018, and how it can be adequately institutionalized.
About FITC
FITC is a world-class innovation-led knowledge and professional services firm providing cutting edge Learning, Consulting, and Research Services to clients within and outside Nigeria. Established in 1981 as a non-profit organisation limited by guarantee to provide capacity building and serve as a knowledge hub for the Nigerian Financial Services Sector. FITC is owned by the Bankers Committee, i.e. CBN, NDIC, and all deposit money banks in Nigeria.
For over three decades FITC has been at the forefront of innovative knowledge offerings designed for an array of C-suite executives, directors of banks and other financial institutions. Leveraging on international Faculty and partnerships, FITC has led the knowledge space in delivering high valued capacity building solutions for Board Directors and C-suites. FITC is a recipient of the International Federation of Training & Development Organisations (IFTDO) ‘Change Agent in Learning and Development in Africa’ Award.
