Topic: 

THE INSTITUTE OF DIRECTORS NIGERIA, IN COLLABORATION WITH THE CORPORATE AFFAIRS COMMISSION, PRESENTS A NATIONAL STAKEHOLDERS’ FORUM ON THE CAMA ACT 2020: MATTERS ARISING AND THE WAY FORWARD

 

 

Setting the Context - Background & Objectives

 

Despite commendations from the Nigerian business community over the signing of the New CAMA Act into law by President Muhammadu Buhari, GCFR, the new Act has generated controversies and raised new challenges for the business community, civil society groups, legal experts, Non-profits Organisation and religious groups.

 

The Institute of Directors Nigeria, along with Corporate Affairs Commission has viewed the development with concern, and as the authoritative voice in the organized private sector which advocates and interfaces with government on issues of national and economic importance, the Institute has deemed it necessary to host this important National Stakeholders’ Forum in partnership with the CAC, on the subject matter.

 

We believe that more clarity will be given by the Corporate Affairs Commission and other stakeholders on the Act at the event. We also believe that it is an opportunity for the CAC to engage with various stakeholders for education and enlightenment on the matter. Generally, the objectives of the Forum are to:

1. Open an agenda for further discussions that may develop a framework for the balancing of the views of all sides.

2. Facilitate a conversation amongst all stakeholders to have a further review of the Act.

3. Facilitate an agenda that ensures that stakeholders are given fair attention

4. Facilitate the development of a policy and institutional support framework that promotes an inclusion of all stakeholders on all issues emanating from the signing of the Act.

5. Create further awareness on the expectations and requirements of the Act on all stakeholders.

6. Create further awareness on the expectations and requirements of the 2020 CAMA Act on businesses and investors.

 

 

Attendance is FREE But by Registration! 

REGISTER TO ATTEND

Topic: 

Cyber Risk In Governance; The Imperatives

 

With the rise in the digitalization of business operations/processes, pervasive remote patterns of work across the world, increased virtual meetings and the spike in the use of online platforms to exchange sensitive data; individuals and organizations in the public and private sector are exposed to more cyber risks than ever before. If such risks crystallize, national security, as well as economic growth, could be endangered due to the possible loss of sensitive information, investment/revenue, contracted bottom line, systemic implosion, loss of market, customer confidence and loyalty, etc.


We also see that cybercriminals have successfully exploited existing loopholes to unleash attacks on individuals, governments, and corporate organizations, leading to major revenue losses of monumental proportion. For instance, the Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN) has also revealed that in the last 10 years, Nigeria has lost about N5.5 trillion to fraud, corruption, and cybercrimes. The onus is on decision making bodies and top executives within the public & private sector (i.e. board members and to work towards averting this imminent disaster by re-strategizing to tackle cybersecurity threats proactively.

...........................................................................................................................

Institute of Directors Nigeria (IoD Nigeria), is set to launch its IoD Code of Ethics 2020 for Members and Staff of the Institute at a high profile Hybrid Virtual Event on Thursday 6th August 2020 at 11 am prompt. These Codes of Ethics, will serve as a guide for all the Institute’s members and its personnel on the practice of sound business ethics and principles.

The Code of Ethics of the Institute will standardise the practice of sound ethical values and principles among Members and staff of IoD Nigeria and induce voluntary compliance with the highest ethical standards. It is aimed at better positioning the Institute to monitor the conduct of its members and employees. It is also the aspiration of the Institute that the IoD Code of Ethics will also serve as a guide for other stakeholders on Ethics.

The Code, amongst others, addresses and guides a number of issues for its members such as whistleblowing framework, a Conflict of Interest policy and a Gift and Hospitality policy. It also provides illustrative ethics examples and case studies to showcase the impact and effect on institutions of poor governance practices and ethics and the positive impact and business benefits of good ethical practices on organisations to inspire good practice. As an Institute with a focus on Corporate Governance, best practice and Ethics, we are committed to ensuring that our members who are directors of Institutions, subscribe to the tenets of this aspirational code, and ensure that as leaders, they are properly enabled and guided in their conduct and behaviour in their personal and business endeavours.


Special Guest of Honour - H.E Otunba Adeniyi Adebayo
Honourable Minister of Industry Trade & Investments, Federal Republic of Nigeria

Chairman of Occasion - Dr. Christopher Kolade, CON

Lead Speaker - Mr. M. K. Ahmad

Guest Panelists

Mr. Oscar Onyema, OON, F.IoD - CEO, NSE
Mrs. Bola Adesola - SVC, Africa, Standard Chartered Bank
Prof Bolaji Owasanoye - Chairman, ICPC

 

...........................................................................................................................

The Companies and Allied Matters Act (Chapter C20) Laws of the Federation of Nigeria 2004 (CAMA) was enacted in Nigeria as a decree of the military government in 1990, and in the past 28 years, there have been no significant amendments to the CAMA. Although the 1990 Act was an improvement of the repealed Companies Act 1968, it can be considered as being obsolete almost thirty years after it came into force. Consequently, there were cries from many quarters, including the Nigerian business community for CAMA to be amended so that investors and business owners could operate under favourable business conditions.

As a result, it was considered necessary to reverberate the laws of the country, particularly the ones that have to do with commercial activities in order to attract and retain foreign investors, and increase the ease of doing business in Nigeria. These, among other things, were what birthed CAMA Bill, 2018 which was geared towards curing the existing shortcomings of the existing CAMA and bringing it in line with best practices, thereby bringing Nigeria’s foremost commercial law in tandem with the international standard of best practices.
The general objectives of the webinar are as follow:
- The event offers an opportunity to facilitate a conversation between the public and private sector to have a final review of the Bill in order to expedite assent to the Bill by the President.
- To facilitate an agenda for an immediate assent to the Bill in order to ensure that investors and business owners can operate under favourable business conditions.
- To facilitate the development of a policy and institutional support framework that promotes an inclusion of all stakeholders on issues bordering on the Nigerian corporate space.
- To create further awareness on the expectations and requirements of the 2019 CAMA Bill on businesses and investors.

Watch Replay 

 

 

.............................................................................................................

Webinar 6.0

Date: Friday, July 10, 2020

Time: 10:00 a.m.

 

Watch Replay

 

.............................................................................................................

 

 

Webinar 5.0

Topic: Navigating Challenges in the Agribusiness Value Chain in Nigeria

 

Setting the Context - Background & Objectives

Nigeria’s agriculture contribution to GDP makes it the largest sector in the country and also accounts for about 70% of direct or indirect employments. Despite the huge impact of this sector in the Country’s GDP, the problem of food scarcity is still being exacerbated by the constant increase in population growth, with no complimenting increase in the output of agricultural produce. Over the years it has become a major focus of successive governments to provide sufficient food and create an enabling atmosphere for strategic economic development by providing the working population with one of the most important physiological needs.

 

A large share of Nigeria’s food supply is produced by small and medium-scale enterprises (SMEs) and the rapid globalization of the Agricultural markets has led to the generation of new production and distribution systems, as well as new consumption patterns. One of the objectives of modern agriculture is to reduce to the barest minimum the problems associated with agricultural loss, wastages and output underutilization by ensuring an efficient optimization of all the linkages between the producer and final consumer through the “Agricultural Value-Chain” concept.

Agribusiness value chains are designed to increase competitive advantage through collaboration in a venture that links producers, processors, marketers, food service companies, retailers and supporting groups such as shippers, research groups and suppliers.

However, the Nigerian Agricultural Value Chain has not been at its best performance because of the avalanche of inherent inefficiencies that characterize the elements. For effective navigation of the Agricultural value chain, an enabling environment through national policies, regulations, and supporting institutions are a prerequisite. Also, in order to optimise effectively the potentials embedded in Agricultural value chain, policies that will strengthen the players of the value chain mix and revolutionize agriculture as a business entity have to be developed and implemented.

This webinar is therefore aimed at first, identifying the challenges and then exploring ways to make the agricultural production, storage, distribution and trade value chains more efficient and effective.

 

Anticipated Benefits to Participants

The IoD Nigeria live webinar will provide a timely platform for participants to:

* Highlight the key potentials/opportunities in agricultural value chains

* Identify the common challenges faced by all stakeholders in ensuring effective agricultural value chains

* Get clear direction on how to navigate these challenges.

 

Our Target Audience:

Stakeholders from the Public sector (Ministry of Agriculture, Ministry of Industry, Trade and Investment and Ministry of Finance), Agro-Allied Industry executives and owners, Market operators, traders, agribusiness owners and executives, Bankers and other financial institutions, MSMEs, Bank of Industry Executives, Cooperative and Thrift Societies.  Chambers of Commerce, Agriculture Associations. Entrepreneurs, farmers and Agric business owners. 

Participation: Free participation through registration. Open to members and non-members of IoD Nigeria.

Date: Friday, July 3, 2020

Time: 3:00 p.m.

Click to watch replay

             

................................................................................................................

 

 

 

Webinar 3.0

Topic

Organizational Statutory Obligations & Shareholders Interest in The Covid-19 Era

Description

In many jurisdictions, directors of a company are subject to statutory or fiduciary duties which require them to consider carefully the long-term impact of their actions on the company's stakeholders. These stakeholders often extend to employees, suppliers and customers as well as the shareholders of the company. Directors need to be aware of these shareholder interests when deciding how best to direct the actions of their company and will need to balance carefully the short-term needs of the company against the long-term impact of their decisions.

Given the uncertainties surrounding the pandemic, particularly in relation to its duration, it may be difficult for directors to ascertain how their immediate actions may impact on the long-term success of the company and/or its various stakeholders.
However, directors can mitigate their risks by ensuring that they act in good faith and in a prudent and reasonable manner based on the information available at the time of making each decision, recording the fact that they have taken a broad range of interest and factors into account.
The general objectives of the webinar will be to examine the place of shareholder interest in a crisis and the role of the board in ensuring adequate and effective shareholder engagement within the confines of regulatory policies.

And also to examine the following among other issues
• New economic realities, managing shareholder expectations and bridging the communication gap
• The role of technology: Hybrid or Virtual
• Can a company suspend dividends to shareholders in order to preserve cash?
• Managing key investors
• COVID-19 and 2020 AGM
• Preparing for the post pandemic future

Join Us
Date: Wednesday May 27, 2020
Time: 2:00pm

Watch Replay 

................................................................................................................

 

 

 

Webinar 2.0

Theme: How Nigeria can take advantage of the impending trade zone in Africa, and the opportunities that exist for the agricultural sector.

 

The African Continental Free Trade Area is a free trade area which as of 2018 includes 28 countries. It was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations.

The main objective of the AfCFTA is to create a continental market for goods and services, with free movement of people and capital, and pave the way for creating a Customs Union. It will also grow intra-African trade through better harmonization
and coordination of trade liberalization across the continent.

The webinar will address opportunities and threats across the value chains, and the role of the agribusiness stakeholders, viz a viz producers, processors, marketers in the private sector, and policy makers.

Watch Replay

 

 

 

................................................................................................................

Webinar 1.1

 

Leadership Strategies for Navigating the Impact of COVID-19 Pandemic


Description
The advent of COVID-19 has presented government, businesses and business leaders with an extraordinary level of complexity and uncertainty. To this end, Oando PLC and the Institute of Directors (IoD) have teamed up to bring together high level key stakeholders in the public and private sectors to discuss strategies that can be implemented in Nigeria and the learnings that come with it.

"In times of crisis, people reach for meaning. Meaning is strength. Our survival may depend on our seeking and finding it" - Viktor Frankl

We look forward to listening, learning and connecting with you.


Time
Apr 23, 2020 10:00 AM in West Central Africa

Watch Replay

 

 

 

.................................................................................................................

Webinar 1.0

 

Recent developments in the Nigerian corporate governance landscape indicate that the ravaging impact of Coronavirus, otherwise known as COVID-19, has induced irreversible change in the corporate governance processes. 

 

It is therefore instructive that stakeholders recognise this change, accept it and, in the light of the present realities, discuss it with a view to determining the details of managing it. 

 

Join the IoD Nigeria live webinar, which is packaged to:

 

• deliberate on the key aspects of the emerging order of corporate governance practices; 

• strike a balance between what should change now and after the containment of the pandemic; 

• determine how to manage the process; and

• clarify the shape of things to come in the nation’s corporate governance space. 

Watch Replay!

Follow us