nonexecutive

Data reduction. Credit: Accounting Forum (2024). DOI: 10.1080/01559982.2024.2303839 Long-serving non-executive directors (NEDs) who can't wean themselves off the social status attached to belonging to the corporate board are failing shareholders and damaging the companies they are meant to serve, new research from the University of Bath and Queensland University of Technology shows. …

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. One of the non-executive directors of Seplat Energy will exit the company’s directors’ board in October, the energy firm said Tuesday.…

International Breweries has appointed a new non-executive director to take the place of Tolulope Adedeji, who recently resigned from the board, the company said Monday in a notification to the Nigerian Exchange. Mrs Adedeji resigned following her appointment as a senior director, trades marketing and sales operations, Labatt Breweries, Canada. At its meeting held on 31 March, the company approved the appointment of Cherian Kurien to take over from Mrs Adedeji. Mr Kurien is a Finance and Technology Vice President…

Unity Bank has announced that the chairman of its board of directors, Aminu Babangida, will be retiring from the organisation with effect from 18 March. Oluwafunsho Obasanjo, a non-executive director at the lender, will also exit by way of retirement on the same date, according to a statement issued by the bank on Friday. The two board members’ departure “follows the expiration of their tenure as directors on the board of the bank and in compliance with the prescribed tenure for non-executive directors under the…

Seplat Energy said Tuesday it has appointed Koosum Kalyan as an independent non-executive director with effect from 28 February. Ms Kalyan is a South African businesswoman and economist whose career began in the Electricity Commission in Melbourne, Australia, the company said. According to a statement issued by Nigeria’s biggest energy company by market value, Ms Kalyan subsequently joined Shell South Africa as an economist and became a member of the Shell Global Scenario Planning Team after which she embarked…

Transcorp Hotels has announced the appointment of Udechukwu Osakwe as a non-executive director in the company. Mr Osakwe’s appointment takes effect from 17 February. A statement by the company said Mr Osakwe worked as a project accountant on a couple of projects assisted by the World Bank under the Nigeria State Health Investment Project of the Federal Ministry of Health. He has profound experience in management consultancy and financial management operations in the public sector through the Federal Ministry of…

Guinness Nigeria Plc said Monday it has appointed Grainne Wafer as a non-executive director to its board effective from 25 January. The new appointee is currently Diageo Global Brand Director, Guinness and Malta Guinness, and has a reputation for strategic interventions that have spurred great performance outcomes. “She brings to the Board extensive marketing experience having held leadership roles across Commercial, Innovation and Marketing functions within the Diageo business,” the Guinness board said in a…

The Senate has received a request from President Muhammadu Buhari, to confirm the reappointment of four nominees as Non-Executive Directors of the Board of the Central Bank of Nigeria. They are Mike Obadan (South-South), Justitia Nnabuko (South-East), Ummu Jalingo (North-East), and Adeola Adetunji (South-West). The president’s request was contained in a letter dated July 21 and read at the start of plenary by the Senate President, Ahmad Lawan, on Tuesday. The request for confirmation, Mr Buhari said, was made in…