Global Network of Director Institutes (GNDI)’s Post

The Nigerian Code of Corporate Governance 2018 describes the responsibility of a Chairman of a Board of Directors as one of providing leadership of the Company and the Board. The Chairman is responsible for ensuring the effective operation of the Board and this involves the Board of Directors working together to achieve the Company's objectives. A Chairman is also expected to provide guidance to the Managing Director/Chief Executive Officer (MD/CEO). The Code recommends that the Chairman’s functions should include the following: - Presiding over meetings of the Board of Directors and general meetings of stakeholders; - Agreeing an annual Board plan with the Board; - Ensuring that the agenda for Board meetings is set; - Ensuring that the Board and its committees are composed of individuals with relevant skills, competencies and desired experience;  - Ensuring that Board meetings are properly conducted; - Ensuring that the Board is effective and functions in a cohesive manner; - Ensuring that induction programmes are conducted for new Directors and a continuing education programme is in place for all Directors; - Ensuring effective communication and relations with the Company’s shareholders and other stakeholders; and - Taking a lead role in the assessment, improvement and development of the Board. The Code also recommends that a non-executive director (NED) assume the position of the Chairman of a Company and to avoid involvement in the day-to-day operations of the Company. #corporategovernance #Nigeria #corporate #business #company

Once again this weekend, The Chartered Governance Institute UK - Ireland. ICSA Uganda - East Africa Region mentorship session, I find myself navigating the complexities of governance, where the role of the company secretary transcends mere theoretical understanding and requires an acute awareness of organizational dynamics. Addressing the unspoken challenges—often the "elephant in the room"—demands a high degree of emotional intelligence. This skill is essential both within formal meetings and in more informal settings. In one of Dr. Rita Kabatunzi 's comment, she advised that; it’s critical not to rush to disengage after the formalities conclude. Instead, take note of why certain directors remain behind. What are they withholding from the discussion? What nuances might be escaping your attention? These subtle cues often reveal underlying issues that aren’t captured in official minutes or conversations. This reflection aligns with last week's insights on the art of listening. Rachel Dumba emphasized the transformative power of active listening. It’s not just about hearing words but tuning into the broader spectrum of non-verbal communication and the dynamics within the room. By mastering this skill, you become more attuned to the environment and the diverse personalities at play, allowing for more informed decision-making and a deeper understanding of governance issues. Thank you Kaahwa Moses emmanuel okwaja, Jane Okot P' Bitek Langoya FCG

Effective corporate governance is crucial for sustainable success which is why at the Society for Corporate Governance Nigeria (SCGN), we are dedicated to empowering organizations through our comprehensive board evaluation services. Our thorough performance assessments extend further into the contributions of directors, identifying areas for improvement and ensuring that board members are fulfilling their roles and responsibilities effectively. By leveraging our expertise, organizations can ensure that their boards operate at their highest potential, fostering transparency, accountability, and ethical leadership. For the purpose of optimizing board structures, we examine the structure of your board to ensure it is optimized for efficient decision-making and strategic oversight. Our evaluations also include a comprehensive review of internal control frameworks, ensuring they are robust and capable of mitigating risks. By incorporating the latest trends and best practices in corporate governance, we provide up-to-date recommendations that align with global standards. This helps organizations enhance their reputation, build stakeholder trust, and drive long-term success. Empower your organization’s services with our expert board evaluation services to drive better decision-making, enhance stakeholder trust, and achieve long-term success. For further inquiries, Contact us at info@corpgovnigeria.org #CorporateGovernance #EthicalLeadership #Transparency #Accountability #Empowerment #BoardIndependence #SCGN #Training #CorporateResponsibility #Management #BusinessConsultant #CorporateGovernanceCodes #CorporateGovernance #SCGNNigeria #BoardManagement #BoardEvaluationExercise

Governance Professionals of Canada is pleased to announce that the call for nominations for the 11th Annual Excellence in Governance Awards (EGAs) is now OPEN. The prestigious awards are set to take place at The Carlu in Toronto on November 7, 2024 to celebrate leaders in the field of governance. This year marks a significant milestone for GPC, as we also celebrate 30 wonderful years in supporting and guiding Canadian governance practitioners. At a time of rapidly evolving change and an amplified emphasis on corporate oversight and responsibility, celebrating exemplary governance practices has never been more important thereby raising the bar for good governance. The awards recognize the important contribution that organizations, their Boards and Governance Professionals make in terms of best practices, that build and sustain stakeholder value in Canada while the award categories reflect the current governance environment and the challenges faced by organizations in ensuring they remain sustainable and innovative in a rapidly evolving landscape. Read more at: https://lnkd.in/gPWJVAsW Newsfile Corp. #governance #EGA2024 #awards #gala

EC2024: Major Pitfalls and Hindrance in Corporate Governance in Malawi John Robson Kamanga MSE CEO highlighted major pitfalls and hindrances in corporate governance in Malawi. He indicated that poor board composition, poor disclosure, reporting, and unaccountability are some of the major pitfalls. He further defined Corporate Governance as structures and systems that must be put in place for the proper direction of the company. Malawi has serious problems with boardroom skills. Many people who are appointed as board members lack the basic knowledge and skills to run effective board business. Unfortunately, the Institute of Directors in Malawi (IoD) is not functional to at least help directors up their skills. Most board members do not undergo effective induction training during their appointment to the board. We have no institute to provide oversight on directors. Only a few boards conduct annual board evaluations. Corporate Governance remains one of the popular topics in Malawi and globally but least understood by many so-called Corporate Governance experts. For State-owned companies, board appointments are mostly based on party lines not skills and knowledge. My wishful thinking is Malawi with a functional Institute of Directors that would advocate for the adoption of Malawi Governance Code II and annual board evaluation. IIA Malawi E Square Consultancy Services Dream Business School (DBS)

Importance of Good Corporate Governance: Good corporate governance is crucial for any business, especially in today's dynamic market in Kenya. It's not just about compliance; it's about building trust with stakeholders, from shareholders to employees. Effective governance ensures transparency, ethical behavior, and accountability, fostering a culture that values integrity. For Kenyan businesses, this means not only adhering to legal requirements but also setting higher standards that reflect their commitment to doing business responsibly. #corporatecompliance #leadership #corporategovernance #companysecretaries

No need for guesswork anymore! This guide helps amp up an organization’s ability to embed Social Purpose into its governance practices. Have a look, it’s an easy read with great examples.

Purpose & Governance? What are the links? How do you action it? Excellent resource here from Coro Strandberg and the team behind these guidelines. #purpose #purposedriven #governance https://lnkd.in/gziR9tJX

The Purpose Governance Guidelines for Boards will assist your board in asking the right questions to assess your current governance and identify and address any deficiencies. Download the guidelines today for insights and current examples that can elevate your board’s role in governing your company’s social purpose: https://bit.ly/4dGUigI #CompetentBoardsMovement #ExecutiveEducation #BoardEducation #CorporateGovernance

It is Governance Week in the Caribbean, where the top leaders will get together to tackle crucial issues in Corporate Governance. Check out what's on the agenda in the below post!