Why Good Corporate Governance Is Non-negotiable – THISDAYLIVE

President Bola Ahmed Tinubu has mentioned that good company governance is non-negotiable for Nigerians to have entry to financial progress.

Tinubu spoke in Lagos on Tuesday throughout the 2026 Annual Directors’ Conference of the Chartered Institute of Directors Nigeria with the theme “Reimagining the Boardroom for Inclusive and Sustainable National Prosperity in the New Economy.”

Represented by the Chairman, Federal Civil Service Commission, Prof. Tunji Olaopa, the president recommended the Institute for sustaining this necessary platform for dialogue, skilled growth and the promotion of sound company governance in Nigeria.

He acknowledged that this 12 months’s theme was each well timed and vital because it was involved straight with the realities of the time and underscored the necessity for a brand new strategy to management, governance and institutional duty because the nation navigates an more and more complicated and interconnected international financial system.

According to him, the
significance of efficient company governance to nationwide growth can’t be overstated as robust establishments, well-governed enterprises and accountable management are indispensable foundations for financial progress, investor confidence, job creation and sustainable prosperity.

Underscoring the significance of excellent governance as determined in boardrooms, Tinubu declared: “The boardroom is now not merely a spot to evaluation and approve company choices. It is a strategic centre the place the way forward for organisations is formed, dangers are anticipated, alternatives are recognized and accountability is upheld.

“The quality of decisions made in our boardrooms has far-reaching consequences—not only for shareholders and employees, but also for communities, industries and the wider national economy. Indeed, organisations cannot consistently outperform the quality of their leadership, governance structures and institutional culture.”

Thus, to the president, it’s crucial that administrators recognise their tasks as custodians of company integrity, stewards of sources and champions of long-term worth creation.

Strong company governance, in line with the president, reduces threat, strengthens investor confidence, improves entry to capital, promotes operational effectivity and enhances organisational sustainability. Conversely, weak governance, poor oversight, conflicts of curiosity and insufficient accountability can undermine even essentially the most promising enterprises.

” I subsequently urge administrators throughout the private and non-private sectors to embrace the very best requirements of integrity, transparency, accountability and professionalism.
Boards should present efficient oversight, problem administration constructively, safeguard institutional belongings, and guarantee choices are taken in the most effective pursuits of the organizations they serve and the stakeholders whose pursuits they’re entrusted to guard.

“We must also strengthen governance in our public institutions and state-owned enterprises. Public resources must be managed responsibly, public institutions must deliver measurable value, and those entrusted with leadership must remain accountable for results. The principles of good governance must not be selective. They must be embedded across every institution that contributes to our national development”, the president mentioned.