The APGA National Chairman, Barrister Sly Ezeokenwa opines “Governance Building Blocks and Board Effectiveness for Productivity – Nigerian Governance as a Case Study” – The Way to Go! – Written by NDUKA ANYANWU
“Governance Building Blocks and Board Effectiveness for Productivity – Nigerian Governance as a Case Study” is an
opinion expressed by the APGA National Chairman, Barrister Sly Ezeokenwa. This viewpoint focuses on the essential elements of governance and the importance of effective board functioning in enhancing productivity, he general overview of governance building blocks and board effectiveness in the Nation building such as Nigeria can not be over emphasized, therefore, the following in his opinion can be adopted:
1. Strong Institutions: Effective governance requires the presence of strong and independent institutions that can enforce the rule of law, ensure accountability, and
provide a stable and predictable environment for economic and social activities. Strengthening institutions is crucial for promoting good governance and achieving productivity.
2. Transparency and Accountability: Transparency and accountability are fundamental principles of good governance. Transparent processes, decision-making, and financial management help build trust between the government, citizens, and businesses. Accountability mechanisms, including oversight bodies and anti-corruption measures, are essential for ensuring that public resources are utilized efficiently and for the intended purposes.
3. Rule of Law: Upholding the rule of law ensures that all individuals, including leaders and citizens, are subject to a fair and just legal framework. A strong rule of law promotes stability, protects human rights, and facilitates economic growth and investment.
4. Effective Leadership: Effective leadership is crucial for governance and board effectiveness. Leaders must have integrity, accountability, and a vision for development. They should prioritize the public interest, make informed decisions, and provide guidance and direction to promote productivity.
5. Stakeholder Engagement: Engaging stakeholders, including citizens, civil society organizations, and the private sector, in the decision-making process fosters inclusivity and ensures that diverse perspectives are taken into account. Stakeholder engagement enhances ownership of development initiatives and promotes productivity by aligning policies with the needs and aspirations of the people.
6. Board Effectiveness: In the context of corporate governance, board effectiveness is vital for productivity. Boards of directors should be composed of competent individuals with diverse skills and expertise. They should provide strategic oversight, set clear goals, and ensure proper risk management and accountability within organizations. Effective boards contribute to improved decision-making, organizational performance, and long-term productivity.
It is important to note that the specific details and recommendations put forth by the APGA National Chairman, Barrister Sly Ezeokenwa may be of utmost important for implementation by our politically elected personnel, their SA’s, Ministers as well ministry and parastatal for good governance structure that will bring about effective productivity.
Note: This article is written on behalf of Barrister Sly Ezeokenwa, the APGA National Chairman
