On Thursday, 31st October 2019, Commercial Law Firm, DealHQ Partners, a new entrant into the transaction advisory space in Nigeria; hosted over 40 C-Level Executives at its inaugural Enterprise Roundtable.
The firm’s Lead Advisor, Tosin Ajose noted that “The Roundtable will be consistent in the firm’s calendar and is intended to entrench knowledge management through stakeholder engagements and active conversations that birth solutions, influence business practices, drive policy changes and ultimately deepen the performance of enterprises within our Firm’s demography.”
The First edition brokered conversations around the theme: “Building Sustainable Enterprises Through Adaptive Corporate Governance Practices”. The CEO of the Financial Reporting Council, represented by Prof. Musa Inuwa Fodio, set the tone for the event with a keynote address on Institutionalizing Corporate Governance Best Practices in Private Enterprises. He emphasized the intention of the Financial Reporting Council of Nigeria to make good governance practices a culture within Corporate Nigeria; where without the need for sanctions, accountability, sustainability and ethics become the pillars of their management.
The other speakers at the event include: Mrs. Adebisi Adeyemi, MD, DCSL who spoke on “Entrenching Effective Board Practices for Optimal Corporate Performance”. She emphasized the need to embed accountability, foresight, strategy and supervision in board activities.
Mr Banji Fehintola, the President of the CFA Society Nigeria and Senior Director/Head of Treasury & Financial Institutions, Africa Finance Corporation, spoke on “the Role of Responsible Financial Reporting in Enterprise Growth”. He reiterated the need for transparency, comprehensiveness and consistency in the financial reporting practices of companies in Nigeria. The Lead Advisor of the Firm, Mrs. Tosin Ajose also spoke on “Navigating the National Corporate Governance Code for Effective Compliance”; giving meaningful insights on how companies can effectively embrace compliance with the Code and other governance Best Practices.
The panel session was moderated by Mr. Femi Awofala, CEO, Brickstone Africa, who led conversations with Mr. Moshood Olajide, Executive Director, Finance and Risk Management, Forte Oil; Mr. Charles Ojo, Company Secretary, CSCS Plc; and Prof. Musa Inuwa Fodio, Member Governing Council, Financial Reporting Council of Nigeria. The session focused on the cost of compliance to private companies, proffering ideas on how to ensure that the implementation of the code enhances rather than impedes the operational and financial performance of Private Companies who are expected from January 2020 to comply with the new Governance Code.
The event ended on a very high note with the unveiling of the demo of the DealHQ Corporate Governance Compliance Report Generator for Private Companies; an automated system of reporting and measuring compliance with governance and other legal and regulatory obligations of private Companies.
About Deal HQ
DealHQ is a boutique, commercial law firm that is focused on supporting businesses and positioning them to operate efficiently within their market sphere. Service offering includes corporate commercial, finance, capital markets derivatives, mergers acquisitions, private equity, real estate construction, infrastructure, technovation, agriculture and commodities,business formations & start up support amongst others.