SEC to Institute Corporate Governance Scorecard for Quoted Companies

by James Emejo for THISDAY LIVE

The acting Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo on Tuesday said a corporate governance scorecard would soon be launched to strengthen the performance of companies operating in the nation’s capital market.

He said among other things, the commission believes there will be better returns and service delivery if adherence to the tenets of corporate governance is taken seriously by publicly quoted companies.

Speaking when he received members of the Institute of Directors Centre for Corporate Governance in Abuja, Gwarzo said the proposed launch of the scorecard which would probably be the first by an institution in the financial system in the country, underscored the importance the Commission attaches to corporate governance.

He added that SEC’s immediate ambition would be to see that every operator in the capital market complies with corporate governance in no distant time.
Gwarzo said the commission was currently consulting on the scorecard “to ensure that before we launch the Corporate Governance Scorecard in the next couple of weeks, we would have consulted widely with the relevant bodies.”

He said:”Corporate governance is very close to our heart and we believe that collaboration with you will further propagate the advocacy in terms of its importance. I can assure you that we are ready to collaborate with you.” Read more here.

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