Best practice in Corporate Governance positions companies for world class success – LCA’s Director

It was a gathering of distinguished personalities across sectors at the recent presentation of the book titled ‘Corporate Governance and Group Dynamics’ written by Dr. Fabian Ajogwu (SAN), one of the Board of Directors of the Lagos Court of Arbitration (LCA), an independent and private sector driven centre for resolution of commercial disputes by arbitration and other forms of alternative dispute resolution services, at an event held in Lagos recently.

The book critically examines Corporate Governance as it applies to various groups within organizations. It points out some indices that can help enhance corporate governance from a functional perspective where a company operates within the group structure, stating the strong need for a critical examination of those indices.

In his opening remarks, the Chairman of the occasion, Chief Olusegun Osunkeye, President, Society for Corporate Governance Nigeria, congratulated Ajogwu for his choice of subject and his consistency in writing about the topic. He further said that the book serves as a guide to any company’s administration with the author identifying the niche in the practice of corporate governance.

In his words, “We shall all be better informed and knowledgeable as we acquire from this book, systems and practices that will help improve the efficiency and effectiveness of group structures.”

Dr. Ajogwu in his remarks said Nigeria and most sub-Sahara African countries have the potential to and can run world class companies.

“We can provide world class leadership. All we need is to abide by best practice rules which have been globally successful,” Ajogwu stated.

Dr. Ajogwu is a Fellow of the Society of Corporate, Governance Nigeria, a registered non-profit  committed to the development of corporate governance best practices and ethics. He advised the Security and Exchange Commission on Corporate Governance in Nigeria and assisted in drafting Nigeria’s pioneer Code of Corporate Governance. He currently chairs the Nigerian Communications Commission working group on Corporate Governance tasked with issuing a Code of Corporate Governance for the Telecommunications sector.