SEC to Introduce New Code of Conduct for Shareholder Associations

The acting Director General of Securities and Exchange Commission(SEC),Ms Mary Uduk has said that SEC will soon release a new Code of Conduct for shareholder associations in the country.

Mrs Uduk who disclosed this at the 2nd Symposium of issuers and Investors Alter native Dispute Resolution Initiative(IIADRI)2020 tagged :”Nigerian Tax Laws :Matters Arising ”which was graced by Vice Presedent Lagos Chambers of Commerce and Industry,Gabriel Idahosa, Chidy Martins Lasbrey, Vice President Marketing and membership Drive Institute of  Mediators and Conciliators and etc said the code would soon be exposed to the general public for comment.

The SEC DG who was represented by its Deputy Director Lagos,,Hafsat Rufai revealed that the commission is working on a guideline to strengthen corporate governance of public companies and urged operators of the capital market to work in consonance with the set down rules and regulations.

She boasted that the new finance act of the federal government has some imputs of the commission in order to make life better for investors and other stakeholders

In his welcome address IIADRI’s helmsman,Moses Igbrude said IIADRI’s core objective is to promote and encourage stakeholders in the Nigerian capital market to embrace voluntary regulatory compliance and good corporate governance practice within the Nigerian Investment environment

He stated that this year event was themed to address the numerous complaints raised by corporate organizations on the administration of taxes in Nigeria such as Multiple Taxation, Enforcement Procedures, Dispute Resolution Mechanisms, endless audit cycle etc