It said that the new Corporate Governance Code published by the Financial Reporting Council of Nigeria (FRCN) indicates that scandals by organisations have gradually reduced. The institute, which stated this yesterday during a courtesy visit to Rutam House, headquarters of The Guardian, noted that better days are ahead, especially with the new code, which seeks to institutionalise and encourage better corporate governance practices in Nigerian companies. Chairman, Publicity and Advocacy Committee, ICSAN, Lynda Onefeli, spoke ahead of the institute’s 2020 Company Secretaries and Registrars’ Forum themed “Nigerian Code of Corporate Governance 2018: The Role of Company Secretaries and Capital Market Stakeholders.”According to her, the institute sees corporate governance as an emerging issue and how it impacts on the immediate environment. A criminal is somebody who has been convicted for fraud or any act that will bring shame or ridicule to an organisation. “Even as we have the perception of people, if the court has not made any pronouncement, the person cannot be pronounced criminal.”

Source: The Guardian February 12, 2020 07:30 UTC