The scandals hovering around corporate governance in Nigeria has reduced with the new Nigerian Code of Corporate Governance, NCCG, twenty-eighteen.

According to Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, the new Corporate Governance Code published by the Financial Reporting Council of Nigeria, FRCN, indicated that scandals by organisations had gradually reduced.

The institute, said this during a courtesy visit to The Guardian, saying better days were ahead, especially with the new code, which seeks to institutionalise and encourage better corporate governance practices in Nigerian companies.

Its Chairman, Publicity and Advocacy Committee, Lynda Onefeli, spoke ahead of the institute’s twenty-twenty Company Secretaries and Registrars’ Forum themed “Nigerian Code of Corporate Governance twenty-eighteen: The Role of Company Secretaries and Capital Market Stakeholders.”

Onefeli said the institute saw corporate governance as an emerging issue and how it impacted on the immediate environment.

Also, a member of the committee, Fassy Yusuf, who spoke on the issue of succession planning and membership of boards, where some representations with shady backgrounds and people with criminal records are sitting on the boards, said fundamentally, it was not possible.