Tijjani Borodo, newly elected President, Chartered Institute of Directors (IoD)
Nigeria, says his strategic agenda is aimed at promoting corporate governance
excellence in various sectors of the Nigerian economy.
Borodo, at a media parley on Friday in Lagos, said his strategy
hinged on a three point agenda (3Rs), would also advocate policies and
practices that foster growth and innovation.
The president whose investiture comes up on Sept. 14 in Lagos,
said the agenda was necessary in view of the emerging dynamics of IoD Nigeria
“Recently, the institute celebrated 40 years of its existence,
and this has been made possible by the meritorious services of past leaders.
“I have just been saddled with the responsibility to continue
with the excellent achievements of these eminent pacesetters and build on their
“My strategic agenda is to continue to promote excellence in
corporate governance and advocate for policies and practices that foster growth
“This would be built on my “Three-Point Agenda” which I tag,
“Review, Reform and Reinvigoration”.
“In this new administration, our focus will be on the review of
the existing corporate strategy, reform of our membership and branch
development status and reinvigoration of our operations to better serve our
valued members,” he said.
The IoD president disclosed that plans were underway to
establish more mutually beneficial partnerships and widen the institute’s
network of collaboration with the public sectors.
This, he explained, was with the view to entrenching sound
corporate governance practices that will position the Nigerian economy on the
path of growth.
Borodo said the synergy between corporate Nigeria and the
government could produce better results in the area of corporate governance.
According to him, it is by achieving this that investor
confidence can be encouraged, which in turn, will bring about the much-desired
Foreign Direct Investment (FDI) to the economy.
“For almost a decade, IoD Nigeria has realised the need to
involve the public sector in the crusade for good corporate governance.
“We have worked with the various necessary organs and offices of
government to hold capacity development programmes that would enhance the
knowledge of public sector officials about corporate governance.
“This has resulted in a large number of directors and executives
of ministries, departments and agencies of government joining the Institute.
“Not only are we doing it at the national level, but we are also
working with the sub-nationals and bringing them into the Institute.
“Let me assure you that IoD Nigeria is fully ready to take the
lead and drive this initiative,” he said.
Borodo also emphasised the need for Micro, Small and Medium
Enterprises (MSME) to factor succession planning into their operations.
He stated that all organisations, the size notwithstanding,
should have a feasible strategic succession plan in place to ensure business
He noted that many large multinationals in operations, today,
which started as MSMEs have now grown to become larger cooperations employing
thousands of nationalities across the globe.
“To be able to achieve this succession planning, organisations
must imbibe the culture of mentoring the next generation of leaders.
“This is already being practiced in IoD Nigeria through the
Young Directors Forum, a platform for nurturing the leadership and directorship
skills of young professionals,” he said.
The IoD president also pushed for diversity and inclusiveness on
boards of organisations and in the political space as a critical priority.
Noting that diversity could be in terms of age, gender, among
other dynamics, Borodo said that a lot could still be done to address the gaps
its absence had created.
“Our institute is quite conscious of this need and that is why
we have tried to show examples by creating platforms that will enhance
diversity and inclusiveness.
“For example, our Young Directors Forum is meant to provide the
necessary tutelage and mentorship to young and aspiring directors and c-suite
executives and prepare them for bigger responsibilities.
“In addition, our Women Directors Development Committee has
worked assiduously in the past years to cater to the peculiar needs of female
directors through gender-specific programmes, mentoring programmes, coaching
etc., specially targeted at female members of the institute.
“These have contributed immensely to the development of our
women directors and given them more confidence to perform their roles as
“To further reinforce past efforts, the institute under my
leadership, will initiate educational campaigns, seminars, and workshops to
highlight the advantages of diverse boards, which include, better
decision-making, innovation, and better representation of stakeholder
“Also, we will set clear diversity goals and establish clear and
measurable diversity goals for organisations and political entities, urging
them to actively pursue balanced representation of women and youth on their
boards,” he said. (NAN)(www.nannews.ng)