Founded in 2017, the Association of Governance Professionals of Nigeria (AGPN) (the "Association") is a non-profit organization comprised principally of corporate governance specialists and business executives in governance, ethics and compliance functions at public, private and not-for-profit organizations. Members are responsible for supporting their board of directors and executive management in matters such as board practices, compliance, regulation and legal matters, shareholder relations and subsidiary management.
The Association seeks to be a positive force for responsible corporate governance, providing news, research and "best practice" advice and providing professional development and education through examination, seminars and conferences. The Association is administered by a national staff located in Lagos, by members who serve on board and standing committees and through the member activities of two local chapters.
Statement on Governance
Consistent with its mission as a positive force for corporate governance excellence, the Association encourages each of its members, and in turn their companies, to be aware of and participate in debates and discussions of various corporate governance practices that are from time to time propounded or legislated; and it continually provides its members with up-to-date learning, information on corporate governance developments. Members are urged to be students, and sometimes apostles, of good corporate governance.
The Association believes that good corporate governance results from
(1) the independence of decision of the company's Board of directors,
(2) the presence of sound procedures to ensure the Board's business judgment is well supported and issues and risks are timely surfaced and dealt with, and
(3) an appropriate balance between shareholder rights and the appropriate exercise of the Board's duties and responsibilities.
The specific means to achieve these goals must be tailored to the company's specific circumstances.
The Society inspires its members to assess periodically their company's own governance practices and their Board's effectiveness in light of those company-specific circumstances; giving due consideration to the points-of-view of the company's long-term shareholders and of governance authorities.
The Association stands for corporate governance excellence in truth and indeed.