Private Sector National Code for Corporate Governance

This is a mandatory code for the private sector (comply or explain for non profit organizations), it provides an improved governance regime if complied, the board is to report annually on the nature and extent of its social, ethical, safety, health and environmental policies and practices. For specifics see 32.3 (pg. 44).

Issuer name

Financial reporting council of Nigeria

More information

The Code provides that violations of the provisions will result in personal sanctions against the persons directly involved, and sanctions against the companies or firms involved. However, the nature of these sanctions are not provided for by the Code

Organizations covered by the instrument

All Companies

Target organization notes

All public companies (whether listed or not);(b) All private companies that are holding companies or subsidiaries of public companies; and(c) Regulated private companies as defined in section 40.1.14 of this Code.

Industry scope

All/none specified

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

All

Status

Current

Country

Nigeria

Region

Africa & Middle East

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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