Chairman, Technical Committee on Foreign Direct Investment Akwa Ibom State, Mr. Gabriel Ukpeh has stressed the need for professional mechanism and structures to be put in place in order to foster good corporate compliance in the country.
Mr Ukpeh made this known while delivering a public lecture on “The Role of Institutional Investors in Corporate Governance Compliance in Nigeria” at Monty Suites, Edet Akpan Avenue in Uyo on Friday.
Mr. Ukpeh pointed out that, to promote the objective of good corporate governance also required conducive business environment to increase flow of foreign direct investments.
According to him, lack of independence, corporate values, accountability, fairness and transparency are the factors that cripple corporate governance practice in the country.
He said for business to thrive in any geographical area, adequate structures and measures have to be taken in the pursuit of creating an enabling environment to attract the interest of investors.
The Chairman used the opportunity to commend the State Governor, Mr. Udom Gabriel Emmanuel for keeping to the fate and providing an environment for influx of investors to see the state as an investment hub.
He urged the participant to cease the opportunity and key into dakkada spirit of the governor to support good corporate governance to increase economic potentials of the state.
Also speaking, Chairman of the Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, Akwa Ibom State Chapter, Mr. Aniedi Amos said the body is saddled with the responsibility of promoting efficient administration of commerce, industry, public/private and non-governmental establishments by the continued development of the study and practice of corporate secretaryship and administration.
He enumerated the benefits of the ICSAN to include gaining the skills to become a strategic thinker able to recognise, analysis and influence the factors governing corporate affairs, having the opportunity to apply for full chartered membership among others.