The Financial Reporting Council of Nigeria (“FRCN”) issued the Nigerian Code of Corporate Governance 2018 (“the Code”) on 15 January 2019. The Code is made pursuant to the powers of the FRCN under Sections 11c and 51c of the Financial Reporting Council of Nigeria Act 2011. The objective of the Code is to institutionalise corporate governance best practices in Nigerian companies. The Code is also to promote public awareness of essential corporate values and ethical practices that will enhance the integrity of the business environment.
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