Corporate Governance Codes

and Principles

Corporate Governance Codes and Principles

In order to restore confidence in the national and the global economies and create an environment for sustainable business operations nations, sectors and corporations have Codes of Corporate Governance. In the same vein, the Federal Government of Nigeria and the different sectors have unveiled the Codes of Corporate Governance, which are aimed at institutionalizing best practices in corporate governance in Nigeria.

The Code provides a framework “to ensure good corporate governance practices in the public and private sectors of the Nigerian economy….” by articulating a broad set of principles on corporate accountability. Find below some of the operational in Nigeria.

  • ·Nigerian Code of Corporate Governance 2018;
  • ·Code of Corporate Governance for the Telecommunication Industry 2016, issued by the Nigerian Communications Commission (replacing the 2014 Code);
  • ·Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014 issued by the Central Bank of Nigeria (replacing the 2006 Code);
  • ·Code of Corporate Governance for Public Companies in Nigeria 2011 issued by the Securities and Exchange Commission (replacing the 2003 Code);
  • ·Code of Good Corporate Governance for Insurance Industry in Nigeria 2009 issued by the National Insurance Commission; and
  • ·Code of Corporate Governance for Licensed Pension Fund Operators 2008 issued by the National Pension Commission.

Nigerian Code of Corporate Governance 2018 https://nambnigeria.org/Nig_Code_of_Corp._Governance_2018.pdf

Template for Reporting Compliance with the Nigerian Code of Corporate Governance 2018

https://drive.google.com/file/d/1SHViyF0Qm6Hk8exKMaxYkdN2JEvj2r_Z/view

 

 Code of Corporate Governance for Public Companies, May 12, 2014

https://sec.gov.ng/code-of-corporate-governance-for-public-companies_may-12-2014/

 

Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014 issued by the Central Bank of Nigeria (replacing the 2006 Code)

https://www.cbn.gov.ng/out/2014/fprd/circular%20on%20code%20of%20circular%20on%20corporate%20governance%20and%20whistle%20blowing-may%202014%20(3).pdf

 

Code of Corporate Governance for the Telecommunication Industry 2016, issued by the Nigerian Communications Commission (replacing the 2014 Code)

https://www.ncc.gov.ng/docman-main/legal-regulatory/legal-other/692-code-of-corporate-governance-for-the-telecommunications-industry-2016/file 

 

Code of Good Corporate Governance for Insurance Industry in Nigeria 2009 issued by the National Insurance Commission

https://www2.deloitte.com/content/dam/Deloitte/ng/Documents/centre-for-corporate-governance/code-of-good-corporate-governance-for-the-insurance-industry-in-nigeria.pdf

 

Code of Good Corporate Governance for Insurance Industry in Nigeria 2021 issued by the National Insurance Commission

https://naicom.gov.ng/docs/guidelines/APPROVED%20CORPORATE%20GOVERNANCE%20GUIDELINE.pdf 

 

Code of Corporate Governance for Licensed Pension Fund Operators 2008 issued by the National Pension Commission.

https://www.pencom.gov.ng/wp-content/uploads/2020/03/Appendix-A-Circular-On-Corporate-Governance-For-PFOs-3.pdf

 

 

Other Codes and Principles of Corporate Governance

OECD Principles of Corporate Governance

http://www.oecd.org/daf/governance/principles.htm

http://www.oecd.org/daf/corporate-affairs/governance/ 

World Bank Group, Corporate Governance: Best Practices (codes page)

http://www.worldbank.org/html/fpd/privatesector/cg/codes.htm

http://www.worldbank.org/html/fpd/privatesector/cg/index.htm 

Corporate Governance Codes, Principles and Recommendations (full texts of codes from around the world and/or citations)

http://www.ecgi.org/codes_and_principles.htm http://www.ecgn.ulb.ac.be/ecgn/codes.htm 

Corporate Governance: The Combined Code and Its Source Documents

(UK corporate governance codes and other related books)

http://www.gee.co.uk/

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