Lagos - The Nigerian Communications Commission (NCC), on Thursday in Lagos
released the Code of Corporate Governance for the Nigerian
The commission’s Executive Vice
Chairman, Dr Eugene Juwah, said that the provisions of the code were based on
international best practices.
Juwah said that the code sought to foster good corporate governance
practices in the Nigerian telecommunications industry.
According to him, it is now common knowledge that enthronement of good
corporate governance standards and practices in organisations encourage
corporate success and business sustainability.
Juwah said that the commission conducted wide consultations to determine the
best approach to adopt in addressing the issue of corporate governance in the
He noted that the code was a voluntary code of leading practices aimed at
regulating corporate behaviour and practices of companies within the industry.
He said that it was hoped that the code would promote good corporate
governance practices in the industry.
Juwah said it was expected that the code would create a credible
industry in which every stakeholder would have confidence, foster the growth
and development of the industry, and the larger national economy.
"It is our sincere hope that this code will achieve the desired objectives
and bring about positive changes in the corporate governance practices of the
telecommunications industry,’’ Juwah said.
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