Regulatory Alerts2023-07-14 | FPR/DIR/PUB/CIR/001/078Added · Updated
Corporate Governance Guidelines for Commercial Banks, Merchant, Non-Interest and Payment Service Banks and Financial Holding Companies in Nigeria
The Central Bank of Nigeria issues corporate governance guidelines for commercial, merchant, non-interest, and payment service banks, as well as financial holding companies. These guidelines outline board structure, roles, and responsibilities, with a focus on promoting ethical standards and enhancing public confidence. The guidelines cover areas such as board composition, meetings, committees, executive roles, risk management, internal controls, and disclosures. The effective date for these guidelines is August 1, 2023.
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