The Place of Corporate Governance Post-onset of Covid19


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The Place of Corporate Governance Post-onset of Covid19
Sam Cookey Jr, CEO, Nigeria

Corporate governance is the anchor that equips companies to prepare for and get through turbulent times..


One of the biggest lessons of the Covid19 pandemic is 'The Place of Governance Post-onset of Covid19' - this was the topic of the Society for Corporate Governance of Nigeria (SCGN) forum on Saturday, for which I was privileged to be the speaker. We had a most engaging discussion following my talk, exploring the governance behaviour at different stages of the pandemic as it unfolded, and how, in private and public sectors alike, good governance is the anchor that has distinguished performance through the global pandemic.

In this slide we looked at how everyone, every business, every government has had to go through the crisis, 'the eye of the storm': it could not be circumvented. Some companies quickly stumbled and fell, while some quickly evaluated the opportunities and rose to the occasion, making early adjustments and pulling out of the core into 'business unusual'. Most companies stumbled at first, and in various degrees are recovering and heading out into 'business unusual'. We looked at how governance affected both the state of readiness, the responsiveness of companies (and governments) and the differing outcomes.
We are now entering 2021Q4, and companies are, or should be, reviewing the current year and peeking into 2022 in an entrepreneurial and strategic way. Those who have learnt the lessons of the place of governance stand to be better prepared, more capable and responsive to what lies ahead. This is what governance is about.
I look forward to comments and feedback from our members on how much more important governance has become, and how to get this across to clients. .


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