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November 19, 2021 category 7 Comments
Board meeting

What is Corporate Governance?

Corporate governance is a system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of shareholders, senior management executives, customers, suppliers, financiers, the government, and your team.

The purpose of a corporate governance platform varies from company to company, depending on the size, scope and level of engagement of certain key stakeholders in your business. 

With a robust corporate governance platform, you will develop the framework for attaining your critical business objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.

Why a Governance framework?

It helps you create a properly documented set of rules, controls, policies, and resolutions that will dictate your company’s corporate behavior.

Corporate governance framework is important to investors since it shows your company’s direction and business integrity. As a result, it helps promote financial viability by creating a long-term investment opportunity for critical market players.

Apart from proving your financial viability, your corporate governance framework helps you outline elements of corporate governance such as accountability, transparency, fairness, and responsibility.

How effective is Corporate Governance in Nigeria?

While the concept of corporate governance is not totally new in Nigeria, it has witnessed various advances and challenges over time. One of such challenges is the bureaucratic and fragmented regulatory system.

An efficient and reliable regulatory framework, as well as the strengthening of regulatory bodies and the capacity of firms to appoint competent board of directors, are all part of good corporate governance.

What is lacking is a dynamic system that coordinates how people interact via processes as well as how performance of these interactions are measured in line with your company’s purpose. 

Any good Corporate Governance Platform in Nigeria?

BodAdmin is playing a pivotal role in the advancement of corporate governance in Nigeria by partnering with different regulatory agencies in providing businesses with a user-friendly, all-encompassing tool that keeps track of information and documentation required to implement strategic executions in real-time. 

Go the extra mile with your corporate governance by leveraging our platform that takes away the usual hassles of management and business productivity decision-making. 

BodAdmin corporate governance portal offers you a fully integrated set of features for your board of directors, executive management and stakeholder engagement and collaboration. 

How does BodAdmin’s Governance Portal work?

The Bodadmin’s Governance Portal offers you a fully integrated set of features for your board of directors, executive management and stakeholder engagement and collaboration.

Our portal provides you with an end-to-end governance framework that keeps track of the information and documentation needed to implement strategic executions in real-time, free of the usual management and business productivity decision-making hassles.

Reach out to us via service@bodadmin.com or +2349087482322 today. We will get you started in a bit.

 

7 comments

admin says:

I would love to hear from you, what do you think about corporate governance in Nigeria?

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