Cornerstone Insurance PLC (the Company) hereby announces the expiration of the tenure of Mr. Dominic Ichaba as a Non-Executive Director of the Company, with effect from March 31, 2020, in compliance with Section 5.04(vii) of the Code of Corporate Governance for the Insurance Industry in Nigeria by the National Insurance Commission (NAICOM) that no Non-Executive Director of an Insurance Company shall be re-nominated and appointed for more than three (3) terms of three (3) years each.
The Company will notify The Nigerian Stock Exchange and the general public of the appointment of a new Director to fill the vacancy on the Board of the Company.
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