The Chartered Institute of Directors Nigeria (CIoD), the premier corporate
governance Institute and a leading promoter of ethical professional
standards in Nigeria, has kicked off the 2023 edition of its Leadership
Bootcamp for Directors Programme in Barcelona, Spain.
The programme, which attracted directors diverse sectors of the economy
was declared open by the President and Chairman of the Governing Council of IoD Nigeria,
Alhaji Tijjani Borodo, F.IoD, ably represented by the Institute’s Director of Academy,
Mr. Sunday Adenipekun, M.IoD on Tuesday December
12, 2023 at the NH Barcelona Stadium Hotel, Barcelona, Spain.
In his opening remark, Alhaji Tijjani Borodo, President of the Institute observed that the
theme of the year’s Directors’ Bootcamp, “Directors’ Role in Driving Business
Transformation and Succession Planning” was apt, considering the
inevitabiliy of constant change and transformation
in the contemporary business landscape. He said, “A constant factor that organisations
have grappled with over the years is operating in a
business environment that is characterised by uncertainty and unpredictability.
This is more so over the last one decade because of the amazing intensity
of changing technology, sociopolitical, economic, climate and regulatory
changes. From all indications, the ferocity
of these changes would be unparalleled in the new decade, given the new
paradigms of competition, increasing sophistication of stakeholders,
disruptive innovations and emerging business models.
The implication of this is that only firms that reinvent themselves
through constant transformation may stand the chance of surviving the tide
of change in the new decade. Such firms need adept boards that will lead the
needed transformation. Of course, for any transformation to be sustainable,
it must be matched with effective succession planning.
Alhaji Borodo commended the participating directors and encouraged them
to plan their 2024 training calendar with an intent to participate in some
of the new directors development programmes the Institute has introduced
on the heels of its chartered status. He said the programmes, which covers
megatrends like environmental and social governance, artificial intelligence,
cybersecurity, strategic disruptions, business analytics and digitalized oversight,
amongst others, were part of the Institute’s efforts at enhancing the capacity of
directors to keep them technically sound, agile and proactive in a fast pace
digital economy that is characterised by constant change.
The programme will end on Friday December 15, 2023.