Nigerian Stock Exchange To Launch Corporate Governance Index

[ChannelsTV]

The Nigerian Stock Exchange (NSE) has taken steps to establish a Corporate Governance Index for listed companies on the Exchange. The NSE said it is partnering with the Convention on Business Integrity (CBI) to provide a steady flow of robust data that will be used to develop a corporate governance ranking system for the listed companies Established in 1997, the CBI strives to empower people, their transactions, systems and institutions against corruption. The Chief Executive Officer of the NSE, Mr. Oscar Onyema, says the creation of the corporate governance index is in line with the NSE's commitment to promoting firm and fair corporate governance regime for sustainable growth of the capital market. The corporate governance ranking system by the CBI will provide data and information that the NSE will use to build a corporate governance index that will score companies based on the quality of their corporate integrity, corporate compliance, and understanding of fiduciary responsibilities by their directors, among other things.

Via: ChannelsTV