NGX CEO Highlights Value Of Corporate Governance In Capital Market

CaptionFrom left, Ayuli Jemide, Chairman, Nigerian Bar Association Section on Business Law (NBA-SBL); Dr. (Mrs.) Ije Jidenma, President, Institute of Directors (IoD) Nigeria; Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited; George Etomi, Partner, George Etomi & Partners and Pioneer Chairman, NBA-SBL; Dr. Seni Adio, Managing Partner, Copley Partners and former Chair, NBA-SBL; and Tinuade Awe, Chief Executive Officer, NGX Regulation Limited; during the launch of Corporate Governance Triangle in Lagos, on Tuesday, March 22, 2022.  

Chief Executive of the Nigerian Exchange Limited (NGX), Tunde Popoola, on Tuesday, March 22, 2022, described sound corporate governance as the foundation that creates transparency and establishes the trust required to keep the global financial system running.

Speaking at the launch of the Corporate Governance Triangle, an initiative of the Nigerian Bar Association Section on Business Law (NBA-SBL), Nigerian Exchange Limited and the Institute of Directors, Nigeria (IoD), he noted the unique role of the NGX as a securities exchange.

Popoola, who was represented by Jude Chiemeka, Divisional Head, Capital Markets at the NGX, said its role involves “fostering the growth of long-term sustainable capital by positively influencing our key stakeholders to adopt sustainable business practices, including best practice corporate governance. Sound corporate governance ultimately brings about greater transparency and trust in the Nigerian capital market and positions the market on a strong pedestal as a leading capital market in the region.”

On the launch of the Corporate Governance Triangle, he expressed the delight of the NGX at the opportunity to collaborate with the IoD Nigeria and Nigerian Bar Association-Section on Business Law (NBA-SBL) on the initiative.

“We look forward to working closely with our colleagues in these highly-reputed organisations to formulate and implement initiatives that will further raise the bar on corporate governance standards and practice in Nigeria,” he added.

The Corporate Governance Triangle was initiated to foster good corporate governance in Nigeria for members of the business law community, directors and managers of businesses, shareholders and other corporate stakeholders.

As key stakeholders in the corporate world, a statement by the organisers said all three partners are in a position to influence their members, share best practices and develop frameworks that will enhance corporate governance in Nigeria.