By Providence Obuh & Favour Agbi

The Nigerian Stock Exchange, NSE, is set to partner with the Institute of Directors, IOD, in the campaign for corporate governance and best practices for quoted companies.

The President/Chairman of Council of the IOD, Architect Thomas Awagu, who led representatives of the Institute’s Governing Council on a courtesy visit to the NSE on Tuesday, said that it was imperative that stakeholders in Nigerian companies fully embrace corporate governance with particular focus on integrity, accountability, transparency, self-regulation and effective internal control systems.

The institute congratulated Oscar Onyema on his appointment as the chief executive of the Exchange.

Awagu said that the sentiments and applause that greeted his appointment as the CEO of The NSE as well as the expression of goodwill by Nigerians and stakeholders of the Capital Market were well justified by his forthright demonstration of good leadership and administration of the Exchange.

“We salute you and identify with your commitment to grow and develop the Exchange to enviable heights”, Awagu said.

He promised that the institute would be there to assist him to achieve his vision for the Exchange.

Speaking in the same vein, Responding, Onyema thanked them and assured them that The Nigerian Stock Exchange identifies with the vision of the institute and would collaborate with it on mutually beneficial areas of interest to both institutions.

He promised that the management of The Exchange would ensure firm and fair corporate governance regime, for sustainable growth of the nation’s capital market.