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Corporate Governance Network

About The Corporate Governance Network

The Corporate Governance Network (CGN) is a network of professionals drawn from Corporate Governance stakeholders and specialists in Nigeria. The CGN is domiciled within the IoD CCG and Mr. Rob Newsome is the Chair of the Group. The Corporate Governance Network has expanded in the last two years and several meetings of the network were held since 2015 to date. The Network held 5 meetings where various papers written on a core corporate governance issues were discussed. Some of the key topics that were discussed include: the Nominee Directors; Board Evaluation; Conflict of Interest; the dissenting director.  The discussions at these meeting have produced 2 volumes of the Best Practice Guidelines Journal which were launched at Breakfast Meeting where Corporate Governance specialists and business professionals were in attendance.

 

In October, 2016 the launch of the Best Practice Guidelines Journal was held at the Oriental Hotels Lagos where the Vol.1 No.1 of the Journal was formally presented to the public. The breakfast meeting held in collaboration with PricewaterhouseCoopers (PwC) was held to encourage active analysis and discussion, as well as issue leading practice guides.

The theme of the breakfast meeting was Effective Governance and the panelists were Mr. Haruna Jalo-Waziri from the Nigerian Stock Exchange (NSE) and Mrs Chiyenre Almona Head, Africa Corporate Governance Advisory Program International Finance Corporation (IFC). Mr. Haruna Jalo-Waziri spoke on the Premium Board and Corporate Governance Rating Criteria of the NSE’s Index and Chinyere Almona spoke on the Importance of Corporate Governance to Investors. The panel session was followed by question and answer. The Journal of Best Practice Guidelines Vol. 1 No.1 October 2016 made up of the following articles:

  1. Conflict of Interest
  2. Nominee Directors
  3. Board Evaluation
  4. The Dissenting Director

In April 2017, the Breakfast Launch of Best Practice Journal was held at Landmark Event & Tower Victoria Island. The theme was on “Governance Issues for Board to Consider in 2017 & beyond”. Panelists at the events were Mrs. Carolyine Anyawu, Deputy Managing Director of Diamond Bank Plc and Head of Risk Management of same Bank; Mr. Peter Folikwe, Managing Director of Berger Paints Nigeria Plc and Mr. Dipo Fatokun, Director Banking & Payment System Central Bank of Nigeria Plc and the event was moderated by Mrs. Adedoyin Odunfa, the Chief Executive Officer Digital Jewel.

 Journal of Best Practice Guidelines Vo. 1 No. 2 April 2017

  1. Governance Issues for Board to Consider in 2017 and beyond
  • Cyber security
  • Emerging technology
  • Crisis management
  • Over-legislated and Regulated landscape
  • Risk Oversight
  • Board skills, composition and diversity
  • Conflict of Interest
  • Physical security
  • Ethical Challenges

2. The Business Judgement Rule

3. Director Due Diligence on Board Appointment

 

The event was sponsored by African Prudential Registrar (APR) & PKF Professional Services.