……achievement as a stepping to stone to achieve greater things— Yakubu
The Managing Director/Chief Executive Officer, Nigeria Aviation Handling Company, NAHCOaviance Mr. Idris Yakubu, has applauded the certification of seven current and past members of the Board of the Company Plc. by the Corporate Governance Rating System (CGRS).
He described has as highly remarkable, the certification of the company’s member, confirming the high corporate governance principles on which the operations of the Company are based.
The CGRS, a joint initiative between The Nigerian Stock Exchange (NSE) and the Convention on Business Integrity (CBi) was developed to rate the corporate governance and integrity practices of all companies listed on the Nigerian Stock Exchange.
A score of 70 percent and above for both the company and individual directors is required for certification.
The NAHCO’s current and former Directors who were awarded certificates were the Chairman, Arc.Usman Arabi Bello; Directors Barr. Tijjani Ahmed Uwais and Ms. Hadiza Aliko – Mohammed.
Others were former MD/CEO, Kayode Oluwasegun – Ojo; and Directors, Gordon Gofwan, Ike Nwachukwu and Alh Faruk Umar.
The current Managing Director/CEO Mr. Idris Yakubu, who assumed leadership of NAHCO in November 2017, who commended the solid corporate governance principles imbedded in the Company said the certification only confirmed what was already well known.
According to him, “This did not come to us as a surprise. NAHCO is one of the few publicly listed companies in the aviation sector whose processes, procedures, and practices remain a benchmark for the entire industry.”
He commended the Board for its strategic leadership.
In his words, “The Company’s Directors have done very well, and their strategic leadership inspires investors’ confidence in the Company, and would guide the Company to continue to deliver superior value to all its stakeholders”.
Mr. Yakubu added that the Company would not rest on its oars, but would use this achievement as a stepping to stone to achieve greater things.
To be certified, the CGRS rates quoted companies through a three segment process: Independent verification; self – assessment by the Company; certification of Director awareness of their fiduciary duties; and a corporate integrity assessment where perceptions of actual company behavior are sought from Internal and external stakeholders.