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| OSCAR ONYEMA |
Nigerian Stock
Exchange says a new Corporate Governance Rating System it unveiled on Wednesday
in partnership with Convention on Business Integrity will encourage greater
market transparency, competiveness and better governance.
Chief Executive
Officer, NSE, Oscar Onyema, who was represented by the Executive Director,
Business Development and Technology, Haruna Jalo-Waziri, said the initiative
was the output of the Exchange’s commitment to the entrenchment of good
corporate governance in the Nigerian business environment by implementing
strong regulatory reforms.
Onyema, who
stressed that “significant thought, research and brain storming went into
developing the CGRS,” said he was confident that the system would have several
positive impacts.
He added that the
ratings and subsequent rankings would feed into two other important projects of
the Exchange.
He explained that
the first is the Premium Board, which the NSE plans to inaugurate this year.
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