Creating an effective board for Nigerian organisations, by Prof Andrew Chambers - Vanguard News Nigeria

An enquiring, tenacious mindWillingness to devote sufficient timeEffective board oversight does not only depend on the personal qualities of individual board members. It will not happen unless there is a culture of openness and frank discussion at board meetings. How frequently the board meets and the composition of board agendas and agenda papers are other factors. Ensuring that key issues come to the board in a timely fashion is important. Follow-up between board meetings is important too.

It is essential that the search consultant is given a clear specification of the nature of the talent being sought. That presupposes that the board has taken the trouble to work out what talent it needs to refresh the board – which is important. The board should allow the search consultant to challenge this specification. Similar considerations apply to the use of search consultants to fill executive positions.

Regulatory volatility is often likely to be predictable in its nature. Take for instance the current anti-social consequences of social media. It should have been possible for the boards of social media companies, and in particular, their independent directors, to have identified the risk of attracting governmental regulation of social media companies, and to have designed their business model to minimise rather than attract that risk.

‘There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game …’ Across the world, the personal legal and regulatory responsibilities of management and directors are tending to increase, with a corresponding increase in penalties for violation. The risk to directors is reduced by an open culture, high-quality information to the board, open dialogue at board meetings and a commitment to high standards of corporate governance.

-A network of key stakeholders in Europe and North America that we have worked with in the past, which we could deploy towards the delivery of executive development programmes.

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Publishing, reading culture diminishing in Nigeria -Prof. Bogoro - Vanguard News NigeriaProfessor Sulieman Elias Bogoro , Executive Secretary of Tertiary Education Trust Fund ,TETFUND has asserted that the publishing and reading culture of Nigerians has diminished and at its lowest ebb.Bogoro made the assertion recently in Calabar while commissioning and formerly handing over the Academic Publishing Centre, APC, built by the FUND for the South –South region in the University of Calabar,UNICAL.
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