04 Nov Osinbajo charges corporate leaders on ethics, good governance
Vice President Yemi Osinbajo has charged corporate leaders on the adoption and entrenchment of high ethical standards and good governance to engender business sustainability.
He spoke at the Institute of Directors (IoD) 2020 Annual Directors’ Conference which held both physically and virtually on Tuesday in Lagos.
The News Agency of Nigeria (NAN) reports that the Conference had as its theme:” Business Ethics, Leadership and Sustainability as New Frontiers of Corporate Governance.”
Osinbajo said that good ethical behaviour, especially by those in position of leadership, remained an indispensable factor for organisational success.
According to the Vice-President, organisations with good corporate governance maintenance culture and great stakeholders relationship will enjoy the unflinching support of stakeholders and organisational prosperity.
He stressed the need for corporate organisations to be socially responsible and environmental friendly. “Corporate organisations that give out false information to stakeholders and practice other unethical behaviours are bound to crash and are bound not to attract favour.
“On the other hand, organisations that uphold good governance and carry all stakeholders along are bound to obtain or receive the favour of the stakeholders.
“We must pay close attention to good corporate responsibility and its impact on the society,” he said.
Osinbajo also commended the IoD for its exemplary role in standardising the code of corporate governance in Nigeria.
Chief Chris Okunowo, President and Chairman of Governing Council, IoD urged faithful implementation and vigorous commitment to the new business and corporate ethics as defined in various international and African regional standards.