Udo Udoma & Belo-Osagie (UUBO) in collaboration with its Investigations, Compliance and Ethics (ICE) Team focused on leveraging corporate governance to build successful businesses at the 3rd session of its September webinar series.
At the webinar, experts suggested that the best way to build successful businesses and prevent corporate espionage is to imbibe corporate governance in the day to day activities of organisations.
Speaking during the 3rd session of its September series webinar organised by Udo Udoma & Belo-Osagie (UUBO) in collaboration with its Investigations, Compliance and Ethics (ICE) Team, David Olatunji, founder, David Olatunji Leadership Academy, (DOLA) during his presentation said good governance is at the heart of every successful business.
READ ALSO: Lagos and the ease of doing business
Olatunji stated that good governance is no longer just a strategy or a culture but now the minimum requirement for sustainability especially for the future of the business.
He explained that ethical lapses and dilemmas are one of the root causes of many problems that corporate management face today, adding that ethics has become a very key issue in corporate governance globally.
Olatunji mentioned that ethics, risk management, compliance and administration are all elements of good governance and the four pillars of corporate governance include accountability, transparency, responsibility and fairness.
Udo Udoma & Belo-Osagie ICE September Series runs every Wednesday in the month of September. Two sessions have already been held which addressed topics on Crisis Management, investigations and enforcement and played host to Yomi Badejo-Okusanya, Toyin Sanni, Geoff Nicholas, Ben Haley and a host of others as speakers
The Series brings together a robust faculty of professionals and industry leaders from across the EMEA region to address compliance-related issues which have become especially topical in the current business landscape.
The UUBO ICE September Series covers such pressing issues as crisis management, investigations and enforcement, corporate governance & ethics, competition and dawn raids, and data protection. Via its five weekly webinars, as well as one master class holding on 29th September 2020, the Series offers attendees an invaluable forum for knowledge-sharing and direct access to some of the most reputable practitioners in the compliance space.
Also speaking at the webinar, Sam Cookey, CEO of CG & QMS and a former non-executive director of StanbicIBTC bank said the society is having a broader expectation of what companies do and what they are.
“For some countries, we see one company per 10 people, in some others, you see as low as one company per 50 people. These companies have constituted a population that needs governance. Governance has been integrated into trying to get the best out of companies.
“Society has wider expectations of the roles of the company within society. So beyond the financial, we are expecting that you would have accountability for products and process results. Society is looking more on your products, processes, customers and impact on your customers and employees and even the environment,” Cookey said.
He explained that the society has moved to digital media and that digital media movement comes with certain things, adding that the implication of this is that production is taken away from the control of those who are normally in corporate communications and information is disseminated very quickly.
