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By Merit Ibe

The new President and Chairman of Governing Council of the Chartered Institute of Directors Nigeria(CIoD), Alhaji Tijjani M. Borodo, has  promised to continue to promote excellence in corporate governance and advocate for policies and practices that foster growth and innovation.

Borodo, who made the remark during his investiture as the 18th president and chairman of the governing council of the institution, last weekend, said his agenda would be built on a three-point agenda, tagged the 3Rs, “Review, Reform and Reinvigoration of CIoD Nigeria’s Membership and Branch Development.

“This is necessary in view of the emerging dynamics of the institute’s membership status due to the chartership of the Institute. Also, the current changes in the digital operations deployed for managing the members and operations of the Institute’s Secretariat call for tracking and constant invigoration.”

He also noted that searchlight would be beamed on the growth of the Young Directors Forum, as well as the nascent mentoring scheme, adding that another key area that will attract attention is the Drive for Partnerships with reputable Professional Bodies and Educational Institutions within and outside Nigeria.

“This trend aligns with the blue ocean strategy being globally adopted for business growth in the world today as opposed to the red ocean strategy that yield little or nothing.”

On his part, the Group Managing Director/CEO, Nigerian Exchange Group, Oscar Onyema, in his keynote address, said  the CIoD, Nigeria stands out as the premier corporate governance and leadership development body due to the huge impact it has had  on the leadership of many organizations in Nigeria.

He noted that over the last 40 years, the Institute has organized about 1,100 onshore and offshore courses, training over 19,000 directors in the process.

Onyema noted that directors who are members of CIoD will be looking to the Institute to provide pathways towards aligning with emerging realities as COVID-19 pandemic disrupted ‘normal’ working practices.

Chairman, Investiture Planning Committee, Adetunji Oyebanji, in his remark said the institute has always set a shining example through its seamless leadership transition system, which not only ensures continuity but also creates a harmonious relationship between the past, the present and the future leadership of the Institute.

Culled from: https://sunnewsonline.com/new-ciod-president-pledges-to-promote-corporate-governance-innovation/

The 18th President of the Chartered Institute of Directors, Nigeria, Alhaji. Tijjani Borodo, has pledged to promote corporate governance anchored on three R’s: “Review, Reform and Reinvigorate.” He gave this assurance at his formal inauguration in Lagos.

He informed members of the institute and stakeholders that the initiatives of his predecessor Dr. Ije Jidenma, would be sustained. Some of these are the ‘Inclusiveness’ program and the ‘CIoD Towers’ completion. 

Mr. Borodo also stated that his tenure would prioritize membership and branch development for the institute and beam the searchlight on the already existing “Young Directors Programme”. He also mentioned that the CIoD will intensify the drive for partnership with professional bodies in the country and deepen inclusion in the standing committees.

He added, “Our focus will be to work with existing partners and expand it to promote corporate governance in a manner geared towards attracting foreign direct investments into the country.”

In his remarks, the Chairman of the occasion, Chief (Dr) Olusegun Osunkeye, CON, believed the emergence of the 18th President of CIoD has come at a time when the corporate governance code needs to be strengthened at the public sector level.

He urged Mr Tijani Borodo to, as part of his agenda, including advocacy for the promulgation of the governance code for the public sector in Nigeria. The notable boardroom guru added that the corporate governance code is needed across all government ministries, departments, and agencies.

The guest speaker at the event and Group CEO of the Nigeria Exchange Group, NGX, Mr Oscar Onyema, OON, stressed the point that the recently enacted Chartered Institute of Directors, Nigeria (Establishment) Act, 2023, provides a legal framework that strengthens the institute’s authority and expands its responsibilities. This, he said, brings both challenges and opportunities for the organization.

According to him, with the new legal powers and the increased focus on transparency and governance, CIoD Nigeria can play a pivotal role in driving improvements in board composition, disclosure, and evaluation practices among its charter holders, and this will enhance corporate performance and reputation.

He pointed out that corporate governance and leadership development are critical pillars of the development and sustainability of organizations.

Speaking further on opportunities for the CIoD, especially in Environment, Social and Governance, ESG, he said, “As sustainability standards become more prevalent, the CIoD Nigeria can help companies adapt and meet disclosure requirements. With its established reputation, the institute can advocate for policies and practices that foster growth and innovation, aligning with broader national and global governance trends”.

Onyema also noted that the institute’s Chartered status allows it to enhance the composition and evaluation of board effectiveness, equipping Directors to be promoters of corporate governance in the country.

For challenges, he highlighted that the CIoD will have to establish branches across the 36 states of the federation, which will require logistics, infrastructure, financial resources, and staffing. He also listed the funding options the institute must address to achieve sustainability, including subscriptions, penalties, and donations.

The event also featured goodwill messages from the representatives of the Emir of Kano and Governor of Zamfara State to the 18th President of the CIoD.

The Chartered Institute of Directors, Nigeria, is the apex professional body in Nigeria with a mandate to cater for and represent Directors in their individual capacities across the various sectors of the economy.

Culled from: https://proshare.co/articles/18th-ciod-president-tijjani-borodo-to-prioritize-the-promotion-of-excellence-in-corporate-governance-in-nigeria?menu=Business&classification=Read&category=Associations%20%26%20Practice

Alhaji Tijjani M. Borodo, on Thursday, took over as the 18th President  and Chairman of Governing Council of the Chartered Institute of Directors Nigeria, with a promise to continue to promote excellence in corporate governance and advocate for policies and practices that foster growth and innovation.

Borodo, said ths agenda would be built on a three-point agenda, which he tagged the 3Rs, “Review, Reform and Reinvigoration of CIoD Nigeria’s Membership and Branch Development”.

“This is necessary in view of the emerging dynamics of the Institute’s membership status due to the chartership of the Institute. Also, the current changes in the digital operations deployed for managing the members and operations of the Institute’s Secretariat call for tracking and constant invigoration.

“Closely linked to this will be an intentional searchlight beamed on the growth of the “Young Directors Forum, as well as the nascent Mentoring Scheme”. The need to take this project to the next level cannot be overemphasized,” he said.

He also added that the institute would drive partnerships with reputable professional bodies and educational institutions within and outside Nigeria.

The Group Managing Director/CEO, Nigerian Exchange Group, Oscar Onyema, in his keynote address, said that the CIoD, Nigeria stands out as the premier corporate governance and leadership development body due to the huge impact it has had  on the leadership of many organizations in Nigeria.

He stressed that over the last 40 years, the Institute has organized about 1,100 onshore and offshore courses, training over 19,000 directors in the process.

Onyema noted that directors who are members of CIoD will be looking to the Institute to provide pathways towards aligning with emerging realities as COVID-19 pandemic disrupted ‘normal’ working practices.

Chairman, Investiture Planning Committee, Adetunji Oyebanji, on his part, noted that the institute has always set a shining example through its seamless leadership transition system, which not only ensures continuity but also creates a harmonious relationship between the past, the present and the future leadership of the Institute.

Culled from: https://dailytrust.com/borodo-promises-excellence-in-corporate-governance/