Daily Post Nigeria Corporate governance foundation for success, sustainability of the telecoms industry in Nigeria Home News Politics Metro Entertainment Sport News Corporate governance foundation for success, sustainability of the telecoms industry in Nigeria Published on November 25, 2024 By Daily Post Staff The Nigerian Communications Commission (NCC) has highlighted how governance frameworks will not only ensure compliance but also promote innovation, trust, and long-term value in the ecosystem. Aminu Maida, Executive Vice-Chairman and Chief Executive Officer (EVC/CEO), in his address at the recent 2024 Annual Corporate Governance Conference, in Lagos made this assertion. The conference was tagged: “Corporate Survival and Sustainability: The New Face of Governance.” Maida, harped on the significance of corporate governance in organisations, affirming that the concept remains the foundation for success, sustainability of the telecoms industry in Nigeria. He also disclosed the Commission is about to release its revised corporate governance code by updating the 2016 version with a key focus on the introduction of mandatory sustainability reporting for telecoms operators in the country. The EVC explained that this initiative aims to align the sector with global Environmental, Social, and Governance (ESG) standards, promoting greater transparency and support sustainable development within Nigeria’s telecoms space. Dr. Maida also highlighted how sustainability reporting involves organisations to disclose information about their ESG performance. This practice provides stakeholders—including investors, customers, and regulators—with insights into how telecoms operators manage risks and opportunities related to sustainability. Key components include reporting on carbon emissions, resource usage, labour practices, community engagement, and data privacy, stated Maida. He further explained essence of sustainability in corporate governance, noting “such practices are no longer optional but essential for the long-term success of telecoms companies.” He stated that in today’s fast-evolving world, corporate governance is not just a regulatory requirement—it’s the foundation of the telecom industry’s success and sustainability. He declared: “As leaders, it’s our responsibility to ensure our governance frameworks are robust, adaptable, and in tune with the changing global landscape.” Underscoring the significance of good governance in the telecoms sector of Nigeria’s economy, Maida as well presented findings from a comprehensive NCC analysis evaluating corporate governance among telecoms operators in Nigeria. According to him, the major indicators examined in the survey included Board composition, diversity, effectiveness, ethical conduct, compliance, risk management, and corporate social responsibility. The analysis, NCC Executive Vice-Chairman stated, indicated a strong correlation between effective governance and regulatory compliance, with companies not excelling in governance facing poor financial performance. This observation demonstrates that “good governance is not merely a regulatory obligation but a strategic necessity for sustainable business success,” Maida asserted. Key elements of future of corporate governance in telecoms industry Besides expatiating on the correlation between effective governance and regulatory compliance in the industry, Dr. Maida further enumerated the essential components shaping the future of corporate governance in the telecoms sector. According to him, these include Adaptability. As digital transformation and emerging technologies redefine the landscape, governance frameworks must adapt while ensuring accountability, he noted. Data Privacy and Security: With telecom operators handling vast amounts of sensitive data, robust data protection measures are imperative. He also warned that “data breaches could have dire consequences for both individual companies and the sector as a whole.” He equally stressed the need for “governance frameworks” that prioritise data security through comprehensive policies and compliance protocols in the ecosystem. The EVC/CEO of the telecoms sector regulatory Commission averred: “Corporate governance is not just a regulatory organisation; it is the foundation for the success and sustainability of our industry.” The Executive Vice-Chairman as well highlighted the impressive growth of Nigeria’s telecommunications industry since its liberalisation in 2001. He said: “From just 305,000 active phone lines in 2001, we now boast over 150 million active telecoms subscribers.” Maida restated the telecoms sector’s significant contributions to the West African country’s Gross Domestic Product (GDP) to include job creation, and economic empowerment for millions of Nigerians. Related Topics: NCc Don't Miss Removal of CCT Chairman Justice Danladi Umar unconstitutional – Bauchi lawyers You may like Be more transparent with yours data billings – NCC tells network providers NCC to resolve telecoms, banks’ USSD debt issue with CBN NCC moves towards digital justice Subscribers to be exposed to only seven data tariff plans – NCC NCC to create new role of corporate officers in line with governance in telecoms industry NCC committed to transparency, accountability in communications sector – Maida Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media LtdCouncillor switches between Cong, AAP multiple times in a few hoursManmohan Singh: The politician who was defeated by politics234win bet app 。

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Luigi Mangione said 'violence is necessary to survive' in chilling post before CEO murderNETFLIX saw a massive spike in ratings for its Christmas Day NFL games. Despite some technical difficulties, the Netflix broadcast was an absolute success. While the quality of the broadcast went in and out, Netflix saw a huge influx of viewership for their NFL games. Specifically, the 2 pm ET game between the Pittsburgh Steelers and Kansas City Chiefs saw millions of live viewers. According to NFL Media , there were viewers from over 200 countries watching the game at some point. Netflix also reported that the Chiefs-Steelers game was their second-most watched live event. Read more on the NFL While the game saw a large influx of viewers, many of them were upset with the quality of the stream they watched. Like the broadcast of the Jake Paul vs Mike Tyson fight, Netflix had some technical difficulties. These difficulties came early in the stream during the national anthem. Voices of Service were in Pittsburgh to sing the Star Spangled Banner. Most read in American Football Fans shared how great the performance of the anthem was until the audio cut out. Those viewers who had their audio affected took to social media to rant about the stream. "The one time there’s a decent national anthem, they f**k up the audio. Thanks @Netflix," one fan said. "Does Netflix not have the mics of the national anthem singers? They’re just tracking the mics by the stadium speakers," another fan said. "Yo @netflix y'all really botched one of the best national anthems we have probably heard this year in the @nfl," a third fan said. "This is a horrible national anthem! Netflix and the @NFL should be ashamed!!" a fourth fan said. "The National Anthem sounded great but sucks you could barely hear it on #Netflix," a fifth fan said. Netflix will be the global home of the NFL on Christmas Day this year. The streaming service will show two special holiday games live around the world. Patrick Mahomes and the Kansas City Chiefs kick off the double header against the Pittsburgh Steelers at 1 pm ET. And they'll be followed by the Baltimore Ravens at the Houston Texans from 4.30 pm ET. That game will also feature a halftime show from Beyonce in her home town of Houston, Texas. Netflix also confirmed their broadcast team for the day , led by Fox NFL commentator Greg Olsen and former Good Morning Football host Kay Adams. The issues weren't nearly as bad as what occurred during Paul vs Tyson, but Netflix did pledge to fix the technical difficulties after that game. "This unprecedented scale created many technical challenges, which the launch team tackled brilliantly by prioritizing stability of the stream for the majority of viewers," Netflix CTO Elizabeth Stone wrote in a company memo after Paul vs Tyson. "I’m sure many of you have seen the chatter in the press and on social media about the quality issues. Read More on The US Sun "We don’t want to dismiss the poor experience of some members, and know we have room for improvement, but still consider this event a huge success." While the games were a success to Netflix, the broadcaster likely has a lot of work to do before becoming a permanent partner of the NFL.ALEXANDRIA, Va. (AP) — Google, already facing a possible breakup of the company over its ubiquitous search engine , is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct, this time over technology that puts online advertising in front of consumers. The Justice Department and Google made closing arguments Monday in a trial alleging Google's advertising technology constitutes an illegal monopoly. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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