Regulatory Alerts2017-02-28 | FPR/DIR/CIR/GEN/06/011Exposure Draft of the Codes of Corporate Governance for Other Financial Institutions in Nigeria
The Central Bank of Nigeria has set out a comprehensive guide for the corporate governance practices for financial institutions known as 'Code of Corporate Governance for Banks and Other Financial Institutions'. It provides guidelines to ensure best practices in all areas including ethics, risk management, disclosure requirements, board structure, shareholder rights, etc. Non-compliance may lead to various sanctions such as fines, suspension of operations, or even revocation of licenses.
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governance