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Corporate governance: ICSAN sets up panel to discipline erring members

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), says it has established a disciplinary committee to discipline members who disregard corporate governance in their places of work.

Chairman, ICSAN, Lagos Chapter, Mr Francis Olawale, made the disclosure in an interview with journalists on Monday in Lagos.

Olawale said it expected its members to imbibe international best practices at all time.

“If any of our members is found guilty of corporate governance, the member will be punished,” he said.

He noted that most organisations had not fully imbibed the culture of corporate governance because of the poor attention given to it.

Mrs Bridget Gold, Deputy General Manager, Legal Services, Federal Airport Authority of Nigeria (FAAN) also told NAN in an interview that employees had a lot to do in entrenching good corporate governance culture.

According to Gold, the responsibility of good corporate governance does not lie only on the management but also on the employees of an organisation.

“Employees are more than the employers, so it is best that the employees themselves embrace good corporate governance.

“Individual employees have to imbibe and practice it if the company is to survive. Businesses that want to be sustainable must give due consideration to ethics and legality,” she said.

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