The institution committed to the development and promotion of corporate governance, Society for Corporate Governance Nigeria (SCGN), held its 2018 annual conference with the theme: ‘Towards Sustainable Development: the Role of the Nigerian Code of Corporate Governance’.

At the conference, the corporate governance code was the subject of discussion, with all the speakers emphasizing on its importance in entrenching a corporate culture. It is designed to help corporate entities succeed.

The code, which was initially voluntary for companies to comply with, became mandatory after the financial crisis in 2011. With the purpose of serving as a national benchmark, the code goes beyond listed companies; it expands to include the private sectors. It also recognizes other sectors existing codes and device ways for them to be applied for the greater good.

The Institute tries to bring together, different strategies and efforts already in existence towards achieving an outcome. Mr. Adedotun Sulaiman, keynote speaker, who was represented by Mr. Daniel, said that with the national code providing a new yardstick and a common language, the CBN will subsequently be able to better communicate with its stakeholders.....https://www.sowprofessional.com/importance-in-entrenching-a-corporate-culture/