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A few weeks ago, I was invited to a media event organized by the Financial Reporting Council to present the exposure draft of the Nigeria Code of Corporate Governance. If you missed the thread I did on that event, you can check it here. #FRCGovernanceCode
As a follow up to that engagement and subsequent thread, I thought I should expand on why I think this code is very relevant to a critical sector of the Nigerian economy, the SME’s or MSME’s as some may like to call them. Two premise comes to mind. #FRCGovernanceCode
ONE: I was privileged to facilitate a panel session on “policy framework for MSME’s” at the @TactNigeria SME conference co-founded by the camera shy @toyosilagos. I recall the engaging conversation I had with Segun Alimi (SCALE Lead at @FATEFoundation) on SMEs. #FRCGovernanceCode
Read 25 tweets
On 17/10/16, the National Code of Corporate Governance Codes for Private and Not-for-Profit Orgs was issued by the FRC. 11 days later, it was suspended. In Jan 2018, a 15 man technical committee was inaugurated with a mandate to review and re-issue the code. #FRCGovernanceCode
The committee headed by the former DG of PenCom Muhammad Ahmad and comprising of many sectoral regulators (like CBN, NIS, SEC, PENCOM, CAC etc) conducted extensive reviews and consultations with a wide group of stakeholders in line with its mandate. #FRCGovernanceCode
Today, the FRC has finally released for public review the exposure draft of the Nigerian Code of Corporate Governance 2018. This will be followed up by series of public hearings in different geopolitical zones to further enlighten people #FRCGovernanceCode
drive.google.com/file/d/1-g0OFj…
Read 13 tweets
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