Ethical companies likely to survive after COVID-19, says IoD

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The Institute of Directors Nigeria has said companies that have adopted good corporate governance and ethical behaviour are likely to survive post-COVID-19.

The President/Chairman of Council, Institute of Directors Nigeria, Chief Chris Okunowo, who said this on Thursday during a virtual press conference on the launch of the institute’s revamped code of ethics, noted that the pandemic had taken a toll on businesses.

He said the code of ethics would serve as a guide for all its members and its personnel on the practice of sound business ethics and principles. He said, “One of the key mandates of the Institute of Directors Nigeria is to sustain standards, values, ethics, and best traditions and continuously improve the capacities of directors to fulfil their roles of delivering value to all stakeholders.

According to him, the code of ethics is intended to standardise the practice of sound ethical values and principles among members and staff of the institute and induce voluntary compliance with the highest ethical standards.

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