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•Pledges to partner NGX RegCo on corporate reporting award
The Institute of Chartered Accountants of Nigeria (ICAN) on Tuesday, conferred the investiture of Dr Innocent Okwuosa, as the 59th President of the Institute.
Dr Okwuosa was first elected into the governing council of the ICAN in 2011 before serving in the Institute in various capacities.
In his acceptance speech, Okwuosa noted that ICAN has emerged stronger, becomemore resilient and better positioned for greater impacts on the profes, adding that the credit for this exchange of leadership baton goes to the institute’s visionary founding fathers and past presidents.
While stating that the working theme of the Institute under his leadership as; ICAN on a new trajectory, Okwuosa said that the Council will embark on genuine stakeholder consultation involving the body of past presidents as well as pursue its public interest mandate with greater vigour and determination.
“We will advocate for and promote accountability, transparency and good governance within public and private institutions given our belief in the building of strong institutions. Whereas our previous accountability and transparency has focused on the public sector through the ICAN AI, this year, we will expand on this to the private sector.
We will partner with the NGX Regulation Ltd to introduce corporate reporting awards among listed companies in Nigeria. This will further promote the adoption of integrated thinking in corporate reporting whereby corporations imbibe best practices in volunteering sustainability and financial information for investors which will help unlock capital in the Nigerian capital market,” he said.
He further added that the Council will make more significant contributions on relevant accounting, finance, and economic issues. According to him, a Think Tank of the Institute will promote thought leadership and take charge of the production of the Institute’s position papers on national issues.
