ARRANGEMENT has been concluded for the hosting of a seminar on corporate governance in Nigeria as Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh and Governor of Central Bank of Nigeria (CBN), Lamido Sanusi have been invited to grace the occasion in Dubai.
Speaking at a press briefing in Lagos on Wednesday, Mr. Eben Akinyemi, a partner, Stransact Partners, the organiser of the seminar stated that corporate governance is being considered because it is an emerging and evolving issue globally.
According to him, “ there is need for stakeholders to understand global trend in risk oversight and corporate governance. Practical business situation in Nigeria today and the trend towards compliance, governance and accountability even in the public demands that management and boards of companies be strengthened and steeled with essential skills in management oversight functions and accountability.”
Answering question on why the topic was chosen, the Stransact partner said, “ corporation exist as a product of corporate law, and their rules balance the interests of the management who operate the corporation, creditors, shareholders and employees who contribute their labour. Corporation have become an increasingly dominant part of economic life span of a nation
On why the seminar was taken to Dubai, he said, “ As the target participants typically have busy schedules, taking them away from their jobs without distraction is very difficult task. Based on our experience, a serene and exciting location is ideal for an event of this nature to get the dedicated attention of all participants. It is also important that participants have no dull moment all through the event.”
Akinyemi noted that the programme has a mix of a workshop and classroom event where participants would have opportunity to discuss these issues with established business managers such as Atedo Peterside, Chairman, Stanbic IBTC Bank, and regulators such as Sanusi Lamido Sanusi, Governor of CBN, Arunma Oteh, Director General, SEC, Bello Mahmud, Registrar and CEO, Corporate Affairs,
the Special Adviser to the President on Poverty Allevation, Dr. Magnus Kpakol, among others.
Besides, he disclosed that international personalities such as Professor Anona Armstrong, the former director of the Centre for International Corporate Governance Research at Victoria University, Melbourine and current Director, Sir Zeiman Cowen Centre, Michael Olympios, a corporate governance researcher and CEO, Allied Busines Consultants, among others.
In his address, Akiyemi disclosed that the programme aims to broker knowledge on corporate governance and risk oversight in Nigeria, a vexed issue that continue to plague corporate Nigeria.
According to him, “ This meeting is unique in that it will dwell exgensively on Nigerian corporate and business law and how this impact on developing a virile and functional board relative to global standards on corporate governance”.