Thursday, December 05, 2019 / 3:00 PM / Ottoabasi Abasiekong for Proshare WebTV / Header Image Credit: WebTV
The Nigeria-British Chamber of Commerce hosted the first edition of its experience sharing series.
The initiative was designed to provide learning opportunities from prominent Nigerian personalities that have distinguished themselves in their careers.
The First series discussed "Building Institutions" with the Chairman of the Africa Initiative for Governance (AIG), Mr. Aigboje Aig-Imoukhuede, as the guest speaker at the event.
Aig-Imoukhuede, a lawyer, banker and philanthropist can be best described as a pacesetter, go-getter, visionary leader, strategic thinker and innovative leader that is positively shaping the financial services industry.
Speaking at the event attended by business leaders, technocrats and financial analysts, Aig-Imoukhuede said that such conversations were vital for any organization to evolve into a robust institution.
He believed that leadership was a critical factor for building institutions, and in this area, the level of a leader's enlightenment and education was important.
According to him, leaders play a vital role in ensuring that there are sound institutions and become enablers for people to do extraordinary things.
"Every organization that seeks to be an institution must have audacious goals," Aig-Imoukhuede said.
He emphasized the importance of organizational culture as a pivot to strategy and called on CEOs and Leaders to avoid copying the strategies of other companies. The erstwhile banker said every organization must understand their unique strategy and build on them to become a notable institution.
The former President of the Council of the Nigeria Stock Exchange, NSE, recognized the need for talent management as an area a leader of an organization must give priority in building the institution.
He described governance as a key component of institution building as it entails the interaction of authority and systems, which leads to decision-making.
Speaking further, he stressed the need for organizations to consistently create value and understand the touch-points with their clients and customers.
Structures he noted must be put in place to allow organizations to achieve improvement in scale and growth in their businesses.
In a Question and Answer session moderated by Mr. Olufemi Awoyemi, FCA, Founder of Proshare Nigeria, Imoukhuede, while fielding questions said stakeholder relationship management and courage were among the key issues that organizations must focus on to retain value and relevance.
He informed business leaders that through the "Africa Initiative for Governance," there was a deliberate effort at contributing to the transformation of the civil service in countries like Nigeria, bringing efficiency and capacity building to the forefront.
The President of the NBCC, Mr. Kayode Falowo, described the "Experience Sharing Series" as an initiative that would help in providing real-life experiences from tested leaders that could inspire other business leaders.