IoD president tasks members on quality leadership
Plans annual confab to tackle corporate governance challenge
The newly inducted members of the Institute of Directors (IoD) have been charged to exemplify the qualities of good leadership in their corporate organisations.
The President and Chairman of council, Institute of Directors (IoD), Rufai Mohammed said this in Lagos during the institute’s induction ceremony, where over 100 new members were admitted as new associates of the institute.
Mohammed, who reiterated the institute’s committement as an advocacy for good leadership, stated that the institute is presently reviewing its strategy for positive engagements with its members who are in leadership positions in corporate organisations.
He further stated that the institute is also working on similar engagements with government to influence policies that will be aimed at achieving the institute’s objective in the public service.
The guest speaker and Managing Consultant, AKMS Consulting Limited, Amina Oyagbola, at the ceremony spoke on the theme, “Ethics, Governance and Management in Nigeria”.
She said that to promote high level of ethical behaviour in corporate oganisations, directors should put right governance structures in place, provide specific guidance for employees and ensure agenda of board meetings speaks more of ethics.
To achieve this, she advised directors to ensure sufficient trainings and awareness campaigns on ethics not just for employees but also directors and board members, noting that consistency, transparency and objectivity should be on top list in organisations.
Ways to avoid unethical values in organisations beyond driving and leading ethically, Oyagbola said, is to demonstrate that organisations put in place code of ethics or code of business conduct, develop an instituted proper practice programs and principles that drive business interactions which include, conflicts of interest, disciplinary policy, among others.
Oyagbola, who spoke at length on the importance of ethics in the modern business environment, urged the directors to ensure they emplace ethical behaviour in organisations.
Meanwhile, as a result of corporate governance challenges faced by organisations in recent times, which has led to the review of corporate governance practices and principles, the Institute of Directors (IoD) Nigeria has put plans together to tackle, discuss and debate issues critical to today’s changing corporate environment in its upcoming annual directors’ conference.
At a visit by the members of the 2017 annual directors’ conference planning committee who were on a visit to the corporate head office of The Guardian, said that for challenges to be tackled, directors must be up-to-date on the many issues that surround the corporate governance.
According to the Director-General and Chief Executive Officer, IoD in a preview of the event, leaders and organisations that will succeed are those that are fit for the future, hence the need for organisations to adopt and enforce sound corporate governance practice.
The conference which is expected to hold on Thursday, 30th of November, 2017 at the Transcorp Hilton hotel in Abuja has, “Implementing Best Corporate Governance Practice in Nigeria’s Public and Private Sectors,”as conference theme.
The visit which was led by chairman of the planning committee, Dr Fred Odutola who sought the support of The Guardian as a media partner, noted that the conference will consist three sections with the following sub themes: challenge of implementing sound corporate governance in the public and private sectors; global threats and impetus to Nigeria’s implementationof best practice in corporate governance and strengthening government structures to drive good corporate governance practice in Nigeria.
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