Introduction to Governance Redefined
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Lagos State Chapter, is preparing to explore new governance models that reflect the changing realities of today’s business environment. This move is in response to the ongoing disruptions transforming corporate governance in Nigeria and beyond.
The Forthcoming Annual Summit
The Chairperson of the chapter, Ms Efosa Ewere, announced the institute’s forthcoming annual summit scheduled for October 30. The theme of the conference, "Governance Redefined in a Business Environment: A Continuum or New Paradigms", was inspired by emerging regulatory frameworks, increasing Environmental, Social and Governance (ESG) demands, and rapid technological advancements such as Artificial Intelligence (AI).
Disruptions in Corporate Governance
These disruptions include the Companies and Allied Matters Act (CAMA) 2020, which has witnessed rapid transformation in governance practice in Nigeria. Additionally, sustainability reporting requirements and regulatory expectations from bodies like the Financial Reporting Council, Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) demand that professionals rethink traditional governance models.
Objective of the Summit
The event will provide governance professionals a platform for robust discourse on how to navigate these shifts while managing stakeholder expectations. The forum will enable participants to examine whether to maintain existing structures or adopt new governance models that reflect evolving realities.
Keynote Address and Summit Chairperson
The keynote address will be delivered by Prof. Yinka Omorogbe, a Senior Advocate of Nigeria (SAN), while the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, will serve as chairperson of the summit.
Expected Outcomes
Discussions at the event will culminate in a communiqué aimed at strengthening governance culture across sectors and improving societal outcomes. Every institution or business, no matter how small, should adopt a corporate governance framework. Those that have done so have achieved better operational results. When businesses thrive, the economy and society benefit as well.
Alignment with ICSAN’s Commitment
The summit aligns with ICSAN’s commitment to promoting ethical leadership, transparency, and accountability in both private and public institutions.
Conclusion
In conclusion, the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Lagos State Chapter, is taking a significant step towards exploring new governance models that reflect the changing realities of today’s business environment. The forthcoming annual summit will provide a platform for governance professionals to discuss and navigate the shifts in corporate governance, ultimately leading to improved societal outcomes.
FAQs
Q: What is the theme of the ICSAN annual summit?
A: The theme of the conference is "Governance Redefined in a Business Environment: A Continuum or New Paradigms".
Q: What are the disruptions transforming corporate governance in Nigeria and beyond?
A: The disruptions include emerging regulatory frameworks, increasing Environmental, Social and Governance (ESG) demands, and rapid technological advancements such as Artificial Intelligence (AI).
Q: Who will deliver the keynote address at the summit?
A: Prof. Yinka Omorogbe, a Senior Advocate of Nigeria (SAN), will deliver the keynote address.
Q: What is the expected outcome of the summit?
A: The discussions at the event will culminate in a communiqué aimed at strengthening governance culture across sectors and improving societal outcomes.
