Nigeria’s Vice-President, Prof. Yemi Osinbajo has charged corporate leaders on the adoption and entrenchment of high ethical standards and good governance to engender business sustainability.
Osinbajo gave the charge at the Institute of Directors (IoD) 2020 Annual Directors’ Conference on Tuesday in Lagos.
He said that good ethical behaviour, especially by those in the position of leadership, remained an indispensable factor for organisational success.
According to the Vice-President, organisations with good corporate governance maintenance culture and great stakeholders relationship will enjoy the unflinching support of stakeholders and organisational prosperity.
He stressed the need for corporate organisations to be socially responsible and environmentally friendly.
“Corporate organisations that give out false information to stakeholders and practice other unethical behaviours are bound to crash and are bound not to attract favour.
“On the other hand, organisations that uphold good governance and carry all stakeholders along are bound to obtain or receive the favour of the stakeholders.
“We must pay close attention to good corporate responsibility and its impact on the society,” he said.
The Vice-President, therefore, commended the Institute of Directors for its exemplary role in standardising the code of corporate governance in Nigeria.