IoD urges directors to imbibe the culture of good corporate governance

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The Institute of Directors (IoD) Nigeria recently inducted 66 new members at its March 2022 “New Member Induction” ceremony held in Lagos, urging directors to imbibe the culture of good corporate governance to have a considerable impact on the business and enterprise environment.

A total of 66 new members were inducted, while three others had their membership status upgraded by the institute.

“We remain resolute and will continue to imbibe the culture of good corporate governance as it is known and practiced in respectable economies,” said Ije Jidenma, President and Chairman of the Board of IoD Nigeria, during the the March 2022 virtual induction ceremony for new members.

According to Jidenma, the Institute prides itself on its members who are dedicated and well-placed to consistently demonstrate an outstanding ability to lead and lead organizations in accordance with the principles of good corporate governance and sound business ethics. It posits that the IoD champions good corporate governance nationwide.

Also Read: NGX Regulation Commits to Fostering Good Corporate Governance in Nigeria

The IoD President further states that the advocacy role of the Institute relies on the entrenchment of best practices which is vested in how its trustees run their organizations on the back of a strong capacity development program , which the IoD provides to its members at the start of their membership in the Institute and which continues throughout their membership. “There is no doubt that the success of any organization rests entirely on the performance, competence and integrity of its directors,” Jidenma said.

Speaking further on induction, Jidenma said induction into the Institute is both a call and an admission into the global network of responsible groups of leaders who are committed to being the purveyors of governance. business in their professional and private lives. According to her, IoD members are committed to advocating for positive change in their respective organizations and in the Nigerian economy as a whole. “Please note that a service rendered to IoD Nigeria is indeed a service to the Nigerian business community and the nation as a whole,” she said.

Awele Elumelu, who spoke on behalf of the newly inducted members, assured the Institute of their willingness to champion the IoD cause. “It’s a great honor; we will do our best not to disappoint the trust placed in us,” she said.

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