By BRIGHT EWULU
The Chief Executive Officer (CEO)of the Nigerian Stock Exchange(NSE),Oscar Onyema and its Executive Director,Tinuade Awe
have said that the exchange want the Premium Board to be a sort of gold standard for the market.
The duo who spoke on the occasion of the migration ceremony for Access Bank Plc,Lafarge Africa Plc,Seplat Petroleum
Development Company Plc,and United Bank of Africa Plc to the NSE premium board,maintained that the companies should up
their games in the area of disclosure and corporate good governance going forward.
Onyema disclosed that there are a lot of gains companies in the premium board stand to enjoy,including investment from
global fund managers,enhanced interest from thematic portfolio investors,optimized issuer performance,opportunity to use
NSE premium board brand mark etc.
He disclosed that the performance of the premium board index has been higher than the NSE all share index,NSE 30 etc
Speaking on the development UBA’s CEO,Uzoka Kennedy said the move was a sort of public advertisement of what UBA is doing
internally as regards to good corporate governance standards,stressing that it goes beyond business or making money but showcases
the fact that” we “want to build a business that last.
Seplat CEO ,Ojunekwu Augustine Avuru in his contribution stated that as a company that was quoted on both the London and Nigerian Stock Exchange
that it has always been its desire to operate above board and that the additional requirements of the premium board is
in consonance with its operational modalities.
For CEO of lafarge Africa,Mr. Michel Puchercos,the migration is a testimony to its good corporate governance capacities and its ethical,safety
and sustainability,saying that all these are a sort of respect to the shareholders and stakeholders of the company globally