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Corporate Governance

Corporate Governance

Our Board of Directors is responsible for the overall long-term success of the company, policy formulation and the strategic direction of the business as well as providing effective leadership to achieve our objectives in a manner that respects our core values. We believe that good corporate governance is critical to our sustainability in an increasingly challenging environment. The Board is responsible for overseeing the effective performance of the management in order to protect and enhance stakeholder value and to meet the company’s obligations to its employees and other stakeholders. It also oversees the effectiveness and adequacy of internal control systems amongst others.

Nigerian Breweries complies with relevant statutory provisions and regulations on health, safety, environment and welfare matters as well as providing the education required to enable compliance by employees. As a good corporate citizen and as a demonstration of our industry leadership position, it is important that we show the way on issues of corporate governance and business conduct.

Our Board of Directors is committed to the highest standard of transparency, accountability and good corporate governance and ensures that the company achieves its objectives and that all operations are carried on in a manner that assures the overall benefit of shareholders and other stakeholders.

The Board fully endorses the Nigerian Code of Corporate Governance, 2018, released by the Financial Reporting Council of Nigeria in 2019 and gives due consideration to all relevant provisions of the Companies’ and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria, 2004. Our corporate governance systems support the practices and procedures to ensure that the company operates in a way that facilitates the achievement of our corporate goals and objectives in a fair, honest, transparent and responsible manner. The company will always take active steps to fully comply with the provisions of the above Code and Laws.

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