“The CGRS certification is a thing of immense pride for the successful companies and directors involved, especially given the stringent requirements of the certification process….”
“with this Corporate Governance Rating System, it is anticipated that there would be an improvement in the overall perception of capital markets and business practices. It is expected that companies will enjoy tangible business advantages from risk-oriented and/or ethically sensitive business partners and investors”
Nigeria needs a response that corrects for the inadequacies of self-regulation by companies, inadequacies of government regulation, and inadequacies of stakeholder activism whilst strengthening the overall system at the same time.
Corporate governance involves a set of relationships between a company’s management, its boards, its shareholders and other stakeholders.