On 25 June 2018, CFA Society Nigeria and Institute of Directors Centre for Corporate Governance hosted a conference on “Corporate Governance & Financial Reporting Quality” at The Wheatbaker Hotel, Ikoyi, Lagos. The conference was held in commemoration of CFA Society Nigeria’s 2018 “Putting Investors First” Day. The conference was attended by C-level executives, regulators, investment professionals and journalists. The event attracted several high-profile speakers in the finance and investment industry.
The overriding objective of the conference was to draw the attention of players in the investment industry to the importance of good corporate governance standards and financial reporting quality as they link to transparency, ethical conduct and integrity. The content was rich and engaging, exposing participants to trends in financial reporting quality, regulatory thinking about corporate governance and how institutional investors such as supranational financial institutions, pension funds and private equity firms integrate corporate governance considerations into their investment processes.
The session featured three panel discussions moderated by Mr. Banji Fehintola, CFA, president of CFA Society Nigeria; Dr. Nechi Ezeako, Executive Director of IoDCCG and Mr. Abiodun Sanusi, CFA, Group Head, Investment Banking, Coronation Merchant Bank. CFA Institute’s President & CEO, Mr. Paul Smith, CFA delivered a keynote address on ‘Why Trust Matters’.
‘We believe the industry’s future is promising – IF professionals embrace trust and chart a course that better fulfils the industry’s purpose. Better outcomes are possible – for the end investor, the industry and society – when trust is placed at the core of relationships. If we succeed in building trust with our clients, we can build a sustainable industry’ he said.
During the conference, the Business Network for Ethics and Integrity (BNEI), a platform for the promotion of ethical conduct, values and compliance evaluation in business was launched by Mr. Paul Smith, CFA and Alhaji Ahmed Rufai Mohammed, F.IoD, President/Chairman of Council, IoD Nigeria
The President of CFA Society Nigeria, Mr. Banji Fehintola, CFA stated that “given our mutual interest in advancing ethics and integrity, CFA Society Nigeria signed a Memorandum of Understanding with the Institute of Directors Centre of Corporate Governance in February 2018 to promote ethics and integrity in the Nigerian business community. One of the ways to achieve this mutual objective is by organizing events and programs such as the just concluded conference. The conference is just one of several initiatives that CFA Society Nigeria will pursuing in this area given our membership of the BNEI.”
The conference was sponsored by Citi, Coronation Merchant Bank and Synergy Capital Managers.
On 11 May 2018, CFA SOCIETY NIGERIA was recognized by CFA Institute, the global association of investment professionals that sets the standard for professional excellence, as the 2018 recipient of the Most Outstanding Society 110-199 members category. The award recognizes the work and dedication shown by the society in its exceptional achievements in advocating for professional excellence in Nigeria by improving investor protection, market fairness, ethics and professional standards, and investor outcomes to ultimately benefit society at large.
“The Society Excellence Awards programme gives CFA Institute the opportunity to distinguish the hard work and commitment that our global network of societies demonstrates” noted Emily Dunbar, head, Global Society Relations. “With 151 societies in 73 countries and territories, CFA Institute is grateful for the thousands of CFA charterholders that generously volunteer their time and skills, and in turn, help to create a better member organization that benefits the investment profession at a local, regional and global level.”
The CFA Institute Society Awards Programme was established in 2006 to identify and reward efforts of societies in the delivery of the CFA Institute mission and provide value to the investment professionals they represent. This year, there were 132 nominations submitted globally in 14 award categories, representing 51 societies.
“We are honoured to receive the MOST OUTSTANDING SOCIETY 110-199 AWARD this year”, said Banji Fehintola, CFA, President of CFA Society Nigeria. “As a member society of CFA Institute, we are dedicated in our efforts to help build the next generation of investment professionals, to serve our members and promote the highest standards of ethics, education, and professional excellence. We are proud of the recognition shown by CFA Institute for our commitment to supporting the organization’s mission”.
In the past year, CFA Society Nigeria increased member value by improving its administrative operations, organising high-quality programmes and events, and setting up a laudable society office with a functional and fully-equipped library facility to aid the development of future investment professionals. The society’s achievement this year includes facilitating the approval of the first CFA examination test centre in Nigeria, starting from the June 2018 exams. The society advocates for market integrity through thought-leadership, advocacy and by promoting the CFA Charter. CFA Society Nigeria promotes gender diversity in the investment industry through several Women in Investment Management initiatives. The society is also very engaged in university outreaches and organizes the annual Ethics Challenge and CFA Institute Research Challenge.
About CFA SOCIETY NIGERIA
CFA SOCIETY NIGERIA is the local member society of CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. For more information, visit https://cfasocietyng.org/.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has over 145,000 members in 159 countries and territories, including 139,000 CFA charterholders, and 147-member societies. For more information, visit www.cfainstitute.org.
Gloria Edem, Society PR, CFA Society Nigeria
Award Program Questions
William Boivin, Project Lead, CFA Institute 2017 Society Awards Program
CFA Society Nigeria today won the “Most Outstanding Society Award (110 – 199 Members)” at the ongoing Society Leaders Conference in Hong Kong.
Hearty Congratulations…Learn more