THE spate of corporate debacles in the last decade arising from governance lapses and financial mismanagement,  has engendered more shareholders’ activism, media scrutiny and greater public expectation of the state of corporate governance in Nigeria.

Speaking at the 5th edition of the Brand Journalists Association of Nigeria, BJAN annual brands and marketing conference recently held in Enugu , the CEO of Core Experimental Marketing Limited , Mrs Solabomi Okonkwo , believes that aligning with global best code of Corporate Governance will ensure the highest standards of transparency, accountability and good corporate governance.

Presenting a paper on ‘Aligning  Global Best Practices With Nigerian corporate Governance ‘ , Mrs Okonkwo explained that weak corporate governance has been responsible for some recent corporate failures in Nigeria.

And thus to address this weakness and to improve the mechanism for enforceability , CoreEXM’s Boss reiterated that public and private companies need to embrace pillars of corporate governance which are transparency , fairness , accountability ,and  independence.

She further explained that these pillars of corporate governance  are critical in successfully running a company and forming solid professional relationships among its stakeholders which include board directors, managers, employees, and shareholders.

Also mentioning  factors that affect corporate governance as quality and power of the board , board appointment , risk management systems , financial operations etc , she observed that Nigeria need to review its business models to ensure that they are more sustainable , efficient and able to withstand challenges.

Okonkwo , however , charged BJAN to change the narratives as brand journalist s by understanding the intricacies of our culture and environment and then weave our reports to promote it transparently.

BJAN, the umbrella body for journalists in the Marketing Communications sector in Nigeria, converges seasoned industry analysts and stakeholders to discuss emerging issues facing the marketing industry and Nigeria as a whole.