We’ve implemented 80% of SEC’s recommendations – Ecobank

The Ecobank Group has stated that it is committed to upholding the highest level of corporate governance following the resolution of the board crisis that threatened the pan-African financial institution last year.

In line with this commitment, the board of the bank said it had implemented about 80 per cent of the recommendations of the Nigerian Securities and Exchange Commission on corporate governance issues following its probe of the crisis in the institution last year.

The Interim Chairman, Ecobank Group, Mr. Andre Siaka, who said this at the 26th Annual General Meeting of the bank in Lome, Togo on Monday, said the responsibility of implementing the remaining recommendations would fall on the new Board of Directors led by a former Director-General of the Nigerian Stock Exchange, Mr. Emmanuel Ikhazoboh. Continue Reading