Corporate governance remains a critical factor in achieving sustainable economic growth and strengthening investor confidence in Nigeria, according to the President and Chairman of the Governing Council of the Institute of Chartered Secretaries and Administrators of Nigeria, Mrs Uto Ukpanah.
Ukpanah stated in a statement on Wednesday that while economic policies, infrastructure and political leadership are important drivers of development, the quality of governance within institutions often determines whether such initiatives deliver the intended outcomes.
According to her, Nigeria’s development challenges are not primarily due to a lack of ideas, policies or resources, but are frequently linked to weaknesses in governance structures across both public and private institutions. “Where governance is weak, outcomes are poor; where governance is strong, progress follows,” she said.
She described corporate governance as the system through which organisations are directed and controlled, encompassing the structures, processes and ethical standards that guide decision-making.
Effective governance, she
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