CORPOPRATE GOVERNANCE

Proshare Nigeria sees effective corporate governance as critical to achieving its set goals and increasing the company's value. The company has therefore established the following corporate governance principles, practice, and structure to enable it deliver on its mission.

Compliance Statement

For the year to December 31, 2017 the Company has, in the Directors' opinion, complied fully with the provisions set out in the Governance Code.

Corporate Social Responsibility

Proshare strives to ensure it delivers value to the investment community and to the larger society. It is therefore critical that social responsibility is at the heart of Proshare's business in order that we continue to build and maintain trust with our many stakeholders (financial data providers, analysts, stockbrokers, fund managers, issuing houses, stock exchange, market regulator, other regulators, policy makers, legislators, investing publics, students, financial journalists, service providers, employees and others) as well as in the communities in which we operate.

PProshare therefore attaches great importance to ethical business practices and to societal and environmental issues as affordable. Accordingly, ultimate responsibility for them is taken at the highest levels.

Prior to now, Proshare has played an active role in both its local community and beyond through the following:

  • Facilitating annual economic seminars and financial literacy programmes in schools, churches and associations.
  • Production of free to read financial education materials and resources.
  • Renovating our immediate environment and support for roads upgrade and pavement constructions;
  • Security consciousness by ensuring that mobile transporters within the estate were provided with a unique identity placed on free illuminated jackets;
  • Provision of a well-equipped and model Newsstand to provide shelter for the neighbourhood newspaper vendor with facilities to serve as a mini-book & stationery store;
  • Creation of a neighbourhood website / portal for the local CDA;
  • Sponsorship of the quarterly neighbourhood magazine since 2010; and
  • Provision of free financial and professional resources to resolving concerns, problems and issues related to engagements with the financial community.

Further information about Proshare's 'responsibility' focus areas and regular news about responsibility-related achievements, can be obtained from the business and markets unit vide corporaterelations@proshareng.com

Code of Ethics

Proshare is committed to the maintenance of high ethical standards. The company's Code of Ethics applies to all Directors, Advisors, Partners and Employees and is available for review on the Proshare website.

Financial Reporting & Disclosure, Internal Control and the Role of the Auditors

The Board has, through the a committee, established formal and transparent arrangements for financial reporting, external auditing and the review of the internal control environment, including compliance service delivery and other risk issues. The committee's terms of reference extend to the company's compliance and risk management activities as a whole and not just the financial aspects of internal control.

The committee has access, as it may require, to the company's internal and external auditors throughout the year, in addition to presentations from both on a scheduled basis. Any significant findings or identified risks are closely examined and are reported to the Board with recommendations for action. All employees can, and are encouraged to, raise any concerns in any of these areas and any other area, anonymously if they wish, to the management/board in the strictest confidence without fear of retaliation.

Corporate Social Responsibility

Proshare strives to ensure it delivers value to the investment community and to the larger society. It is therefore critical that social responsibility is at the heart of Proshare's business in order that we continue to build and maintain trust with our many stakeholders (financial data providers, analysts, stockbrokers, fund managers, issuing houses, stock exchange, market regulator, other regulators, policy makers, legislators, investing publics, students, financial journalists, service providers, employees and others) as well as in the communities in which we operate.

Proshare therefore attaches great importance to ethical business practices and to societal and environmental issues as affordable. Accordingly, ultimate responsibility for them is taken at the highest levels.

Prior to now, Proshare has played an active role in both its local community and beyond through the following:

  • Facilitating annual economic seminars and financial literacy programmes in schools, churches and associations.
  • Production of free to read financial education materials and resources.
  • Renovating our immediate environment and support for roads upgrade and pavement constructions;
  • Security consciousness by ensuring that mobile transporters within the estate were provided with a unique identity placed on free illuminated jackets;
  • Provision of a well-equipped and model Newsstand to provide shelter for the neighbourhood newspaper vendor with facilities to serve as a mini-book & stationery store;
  • Creation of a neighbourhood website / portal for the local CDA;
  • Sponsorship of the quarterly neighbourhood magazine since 2010; and
  • Provision of free financial and professional resources to resolving concerns, problems and issues related to engagements with the financial community.

Further information about Proshare's 'responsibility' focus areas and regular news about responsibility-related achievements, can be obtained from the business and markets unit vide corporaterelations@proshareng.com

Professional Governance

  • Legal Advisers - Helory.More Solicitors
  • Auditors / Certification - Chuku Omeka & Co.
  • IT Compliance - Perizia, India
  • Taxation & Financial Advisors - View Consult

HELORY.MORE SOLICITORS

Helory.More Solicitors, established in 2005 was set up as a legal advisory, consulting, litigation and transactional services law firm. The effectively combines the tradition and competence of the old and distinguished English law firms with the dynamism and innovation of modern day American practices resulting in providing the most contemporary services in both conventional and emerging disciplines of law. They are seasoned legal practitioners, notaries public, trademark agents and arbitrators, who have over the years, acquired extensive experience in various areas of legal practice.

Their people, having spent their earlier years in practice in some of the nation's most prestigious firms the fusion to work as one entity is both a hybrid of a distinctive, well-grounded corporate and capital market practice, as well as a synergy of expertise in advocacy, alternative dispute resolution and transaction processing and documentation to deliver a heritage of dynamism in legal practice at its very best. Helory.More Solicitors' managing partner is Ms Jennifer ABURIME.

CHUKU OMEKA & CO.

Chuku Omenka is a firm of Chartered Accountants committed to delivering quality in Audit and Assurance, Tax, and Advisory services. In Nigeria, they have offices in Lagos and Aba, Abia State. Their operations cover Nigeria and Other African Countries. They have provided services to organizations in 11 African Countries including: Nigeria, Ghana, Guinea, The Gambia, Cameroon, Ethiopia, Togo, Coted'Ivoire, Tanzania, Chad, and Niger Republic. Presently, the practice firm has three (3) partners, with Mr. Johnson Chinedum Iwoh being the partner-in-charge of Proshare.

Available Upon Request

  • Latest Audited Accounts
  • How We Work
  • Accounting Policy
  • Editorial Guide
  • Terms & Conditions
  • Service Level Agreements
  • Becoming A Partner

E-mail: contact@proshareng.com

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