Managing Director/Chief Executive Officer of the Nigerian Aviation Handling Company Plc, NAHCO, Mr. Idris Yakubu, has commended the certification of seven current and past members of the Board of the company by the Corporate Governance Rating System, CGRS.
The CGRS, a joint initiative between The Nigerian Stock Exchange, NSE and the Convention on Business Integrity, CBI, was developed to rate the corporate governance and integrity practices of all companies listed on the Nigerian Stock Exchange. A score of 70 per cent and above for both the company and individual directors is required for certification.
NAHCO’s current and former directors who were awarded certificates, were the Chairman, Arc.Usman Arabi Bello; Directors – Barr. Tijjani Ahmed Uwais and Ms. Hadiza Aliko-Mohammed. Others were former MD/CEO, Kayode Oluwasegun-Ojo and Directors – Gordon Gofwan, Ike Nwachukwu and Alh. Faruk Umar.
Yakubu, who assumed leadership of NAHCO in November 2017, commended the solid corporate governance principles imbedded in the company said the certification only confirmed what was already well known.
According to him, “This did not come to us as a surprise. NAHCO is one of the few publicly listed companies in the aviation sector whose processes, procedures and practices remain a benchmark for the entire industry.
The company’s directors have done very well, and their strategic leadership inspires investors’ confidence in the company, and would guide the company to continue to deliver superior value to all its stakeholders.
“To be certified, the CGRS rates quoted companies through a three-segment process: Independent verification; self-assessment by the company; certification of director awareness of their fiduciary duties; and a corporate integrity assessment where perceptions of actual company behaviour are sought from internal and external stakeholders.