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REPORTS

REPORTS

Nigerian Industry sector reports and market intelligence

Thursday, 28 March 2019 19:35

PIGB ANALYSIS

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PIGB ANALYSIS

the Nigerian oil and gas industry must establish a strong and balanced board of directors; select chief executives and senior management based on proven competence and integrity; guide corporate strategy and monitor corporate performance; establish appropriate succession plan; and monitor effectiveness of the governance arrangements and change as necessary

 The newly established commercial entities are expected to be governed in line with the provisions of the Code of Corporate Governance issued by Nigeria’s Securities and Exchange Commission.However, the bill does not include recommendations to address possible conflicts that may arise between its provisions and those of the SEC Code, according to the analysts, who opined that to prevent possible ambiguity, there will be a need to emphasise the superiority of the provisions of the bill over those of the SEC Code, where such conflicts arise.

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