LCCI harps on good corporate governance, ethical standards

The Lagos Chamber of Commerce and Industry (LCCI) has reiterated its commitment to upholding high ethical standards and good corporate governance in business practices.

The President of LCCI, Mr Gabriel Idahosa, gave the assurance at the chamber’s induction of 45 new organisations, on Thursday in Lagos.

Idahosa said that innovativeness, continuous improvement and integrity remained the tenets which members of LCCI must adopt and uphold.

He said that the chamber had dedicated resources to consistently promote and protect private enterprise development and commercial and industry activities.

“The goal of the Lagos chamber is encapsulated in our mission, which is to promote and protect the interest of its members and the business community at large.

“This is done through public policy advocacy, creation and facilitation of commercial and industrial opportunities, provision of business development services, and observance of highest standards of business ethics.

“As business owners and managers, though your primary obligation is to maximise profit, I charge you to pay adequate attention to the integrity of your business transactions and practices, environment, climate actions and social sustainability.

“I, therefore, enjoin you all to be committed to the core principles of high ethical standards, global best practices, and responsible corporate citizenship.

“Indeed, the chamber has a code of business ethics to which all members are expected to subscribe,” he said.

The LCCI president added that the chamber had been reinforced to consistently provide services that would meet the needs and expectations of all stakeholders.

This, he said, would catalyse organisations to achieve full potential in terms of sustainable growth and global competitiveness.

He added that in its quest to continue to play leadership roles in West Africa, LCCI got the International Organisation for Standardisation (ISO) 9001:2015 Certificate, adding that in 2023, it obtained a re-certification.

“The efforts and sacrifices of LCCI’s founding fathers and successive leadership to give us an institution we are all proud to be associated with, cannot be overstated.

“Their commitment to the actualisation of the mission and strategic goal is the backbone of LCCI’s progress and growing popularity in Nigeria and across the world.

“It is, therefore, expedient for us to position our organisations to benefit optimally from the specially-designed initiatives and programmes of the chamber.

“I am confident that with your active participation in the activities of the chamber, your businesses will derive tremendous benefits,” he said.