Sanwo-Olu restates commitment to corporate governance

Governor Babajide Sanwo-Olu of Lagos State has promised to sustain the state�s partnership with the Institute of Directors to deepen corporate governance principles.

Sanwo-Olu, represented by the Deputy Governor, Dr Hamzat Obafemi, said this at the IoD 40th anniversary gala with the theme, �Celebrating 40 years of visionary leadership and corporate governance,� in Lagos on Wednesday.

He said the partnership was critical in view of the IoD�s primary goal of promoting good corporate governance which was fundamental to any effective and well-managed organisation.

The governor stated, �This administration has been promoting the principles of corporate governance in all aspects of governance covering project management, financial management, human resource management and others.

�I make bold to say that it is a major factor in the continued improvement in the growth trajectory of the economy and the capacity to meet the expectations as well as managing the challenges of a mega city and the demands of the 21st century.�

Also speaking, former President Goodluck Jonathan described the IoD as a pacesetter in establishing good corporate governance principles.

�I encourage you with your rich cadre of membership to continue to deliver your objective in boosting public policy and advocacy as you build the capacity of directors through well-developed programmes, mentoring and sound ethical practices,�� Jonathan said.

The IoD President, Dr Ije Jidenma, said the institute would continue to expand its local and international partnerships to expand the frontiers of best practices in corporate governance.

�I must say that corporate governance adoption in all organisations would address the problems of corruption, dishonesty, poor governance and even electoral mismanagement,� Jonathan said.