Investor Presentaiton
The Commission also intensified its scrutiny of corporate
governance compliance levels in 2013 in line with the
provisions of the Corporate Governance Code of 2011. Of
198 publicly quoted companies, 152 submitted half yearly
Corporate Governance returns and a compliance level of
85% was noted. Corporate Governance disclosures on
annual reports were pegged at 70% while website
disclosures are estimated at 35%. Identified areas of non-
compliance have been communicated to affected
companies while the Commission continues to monitor
implementation of recommendations and general
compliance levels.
There is therefore no gainsaying the fact that the
Commission took great strides in 2013. Its varying actions
and innovations in the course of 2013 were for a singular
and unifying purpose: to maintain investors' confidence in
the market in the years to come. And it is with this futuristic
outlook that we set the stage for continuing progress in
2014.
Ms. Arunma Oteh
Director-General
Securities and Exchange Commission
March, 2014
Annual Report and Accounts 2013 - Securities & Exchange Commission
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