The Chief Executive Officer, Africa Finance Corporation (AFC) Mr. Andrew Alli, has urged Organisations both in Nigeria and the Continent to embrace high corporate governance in order to attract continued investment. Alli said this in a paper presentation titled: “Corporate Governance for Long Term Business Success” at the Institute of Directors (IoD) Nigeria, Annual Fellow’s Luncheon, themed:

“Corporate Governance: Overcoming the Influence of Power Control for Long Term Business.” He said, “If Africa is to continue to attract investments, organizations must be willing to show genuine implementation of high corporate governance standards, which must be measured and constantly evaluated for optimal outcomes.”

He described corporate governance as an internal control necessary to ensure equitable distribution of rights among various stakeholders and make every participant accountable for their actions, adding that it is also about putting in place the structure, processes and mechanism that enhances long term shareholder value through accountability of managers and enhancing organisational performance.

He pointed out that failure in corporate governance is a real threat to the future of every corporation given its benefits, saying, “Strong corporate governance is even more important for today’s corporations.”