Corporate Governance Codes and Principles

In order to restore confidence in the national and the global economies and create an environment for sustainable business operations nations, sectors and corporations have Codes of Corporate Governance. In the same vein, the Federal Government of Nigeria and the different sectors have unveiled the Codes of Corporate Governance, which are aimed at institutionalizing best practices in corporate governance in Nigeria.

The Code provides a framework “to ensure good corporate governance practices in the public and private sectors of the Nigerian economy….” by articulating a broad set of principles on corporate accountability. Find below some of the operational in Nigeria.

  • Nigerian Code of Corporate Governance 2018;
  • Code of Corporate Governance for the Telecommunication Industry 2016, issued by the Nigerian Communications Commission (replacing the 2014 Code);
  • Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014 issued by the Central Bank of Nigeria (replacing the 2006 Code);
  • Code of Corporate Governance for Public Companies in Nigeria 2011 issued by the Securities and Exchange Commission (replacing the 2003 Code);
  • Code of Good Corporate Governance for Insurance Industry in Nigeria 2009 issued by the National Insurance Commission; and
  • Code of Corporate Governance for Licensed Pension Fund Operators 2008 issued by the National Pension Commission.

Nigerian Code of Corporate Governance 2018 –  Click Here to Download

Template for Reporting Compliance with the Nigerian Code of Corporate Governance 2018 – Click Here

Code of Corporate Governance for Public Companies, May 12, 2014 – Click Here

Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014 issued by the Central Bank of Nigeria (replacing the 2006 Code) – Click Here to Download

Code of Corporate Governance for the Telecommunication Industry 2016, issued by the Nigerian Communications Commission (replacing the 2014 Code) – Click Here

Code of Good Corporate Governance for Insurance Industry in Nigeria 2009 issued by the National Insurance Commission – Click Here To Download

Code of Good Corporate Governance for Insurance Industry in Nigeria 2021 issued by the National Insurance Commission – Click Here To Download

Code of Corporate Governance for Licensed Pension Fund Operators 2008 issued by the National Pension Commission. Click Here To Download

Other Codes and Principles of Corporate Governance

OECD Principles of Corporate Governance – Click Here & Click Here

World Bank Group, Corporate Governance: Best Practices (codes page) – Click Here & Click Here

Corporate Governance Codes, Principles and Recommendations (full texts of codes from around the world and/or citations) – Click Here & Click Here

Corporate Governance: The Combined Code and Its Source Documents (UK corporate governance codes and other related books) – Click Here