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Ikeja Electric Customers To Enjoy Improved Turnaround Maintenance Services |    Ikeja Electric Reaffirms Support For Education Sector Development |    Ikeja Electric Recruitment Policy Boosts Enrollment Into Technical Colleges |    Lagos State Education Board Lauds New Approach To Safety Education |    Amikanle, Abule Taylor And Environs Get Lifeline |    Heavy Rain Wrecks Havoc |    Ikeja Electric Analyst, Michael Oladeji Bags ICAN Award |    Ikorodu Business Unit Upgrades Equipment To Boost Service Delivery |    Ikeja Electric Assures Maximum Utilization Of Newly Commissioned 2 X 60MVA Power Transformer At Odogunyan     Alimosho Residents To Enjoy More Supply As TCN Commissions 100MVA 132/33KV Transformer |    Ikeja Electric Takes Kick-Malaria Campaign To Waterside Communities |    Ikeja Electric Records Zero Fatality in Q1-2018 |    Ikeja Electric Partners L.E.A.R.N To Advocate Electrical Safety For Teenagers And Youth |    Nigerian Society Of Engineers (NSE), Endorses Ikeja Electric's Power Play Board Game    Ikeja Electric Moves To Protect Customers |    Ikeja Electric Presents Power Play Board Game To Unilag     Lagos State Safety Commission Endorses Ikeja Electric's POWER PLAY Board Game |    Ikeja Electric Commissions Additional Feeders In Igbogbo, Ikorodu |    Community Lauds Ikeja Electric Over Youth Empowerment |    "NOW I TRULY BELIEVE" Energy4Life Winner Exclaims As Bonus Hits Account |    Ikeja Business Unit Launches Customer Fair |    Cost Reflective Tariff, Our Challenge |    Ikeja Electric Partners CDCs And CDAs To Empower New Payment Agents |    Ikeja Electric Reinforces Commitment To Safety With Launch Of Power Play |    Invitation For Pre-Qualification For Manufacturers, Suppliers And Contractors |    Youth Empowerment: Ikeja Electric Trains Youth On Entrepreneurship |    Electricity Usage Monitoring, Disconnection and Reconnection: Request for Proposal (RFP) |    Ikeja Electric Flags Off Youth Empowerment Project |    Ikeja Electric Commissions New Transformers |    Man Docked For Stealing N735,000 Belonging To Ikeja Electric |    Three remanded in Prison for tampering with Ikeja Electric’s installations    Ikeja Electric Bags International Certification For ISO 9001 And OHSAS 18001     Ikeja Electric Organizes Safety Engagement Program For Licensed Electrical Contractors Association Of Nigeria (LECAN) |    Ikeja Electric To Commence Complete Rehabilitation Of Maryland Injection Substation |    Ikeja Electric Unveils Anniversary Rewards For Loyal Customers |    Ikeja Electric Commences Customer Data Capture Exercise |    Speech Delivered At Official MoU Signing Ceremony Between Ikeja Electric And Mojec International Ltd |    Crowd Throngs Ikeja Electric's Medical Outreach |    Planned TCN Upgrade Of Ejigbo And Alimosho Power Transformers |    Ikeja Electric, XT Monitor Organises Medical Outreach For Lagos Communities

Corporate Governance

At IE we are committed to maintaining the highest standards of governance and ethical practices. We recognise the importance of shareholder value creation and understand that this means more than financial performance. To this end, we have placed Fairness, Accountability Responsibility and Transparency (FART) as the foundational pillars of our governance structure.

The corporate governance structure was developed in line with the requirements of the Code of Corporate Governance for public companies in Nigeria taking into consideration international best practices in corporate governance and board management.

The activities of the Board of Directors (“the Board”) are regulated by the applicable laws such as the Companies and Allied Matters Act, as well as its constitutional documents such as the Board Charter, the Memorandum and Articles of Association, the Shareholders’ Agreement and the IE Corporate Governance Business Principles.

OUR VALUES

Our commitment to corporate governance is contained in a range of documents including but not limited to:

1. Corporate Governance Business Principles
2. Core Values
3. Code of Ethics and Professional Conduct
4. Employee Guidelines

Corporate Governance Business Principles

Core Values - SPICES

Safety

We ensure safety in all our areas of operations

Professionalism

To deliver on all our endeavors with the highest level of professionalism

Integrity & Discipline

To maintain integrity through discipline in all our actions

Commitment to Stakeholders

To maintain our commitment to delivering quality service to all our stakeholders

Exceptional Service Delivery

To ensure we deliver exceptional service at all times

Sustainability

To remain committed to build a sustainable business

Code of ethics and professional conduct

The Code of Ethics and Professional Conduct was developed as a tool to help our employees effectively address ethical issues and gray areas, which they might encounter on a daily basis. The 10 codes complement existing standards and guidelines. They serve as an ethical benchmark for our employees. They are:

  1. Loyalty, Honesty and Integrity
  2. Demonstrate Competence and Quality of Service
  3. Employee conduct at all times
  4. Proper dealing with third parties – (Agents, suppliers, contractors etc.)
  5. Conflict of interest
  6. Protection and use of Assets, Resources and Information
  7. Compliance with Laws, Rules, Regulations and Policies
  8. Maintaining accurate books of records and accounts
  9. Reporting breach in compliance with Codes
  10. Compliance with codes and sanctions grid

Employee Guidelines

These consist of guidelines regarding expected standards of employee behaviour and cover issues such as whistleblowing, anti-bribery, handling conflicts of interest, confidentiality and compliance with privacy laws and other regulatory requirements.

Sustainability Reporting

As a part of our commitment to sustainable growth, in 2016,we launched our maiden sustainability report.

For IE, the report represents a milestone in our journey towards transformation of the Nigeria’s largest distribution company. It reflects our economic, social and environmental activities from January 1 to December 31, 2015. However, references are made to activities from November 2013, in order to provide an accurate image of the journey post-privatization.

It is a reflection of our activities since takeover, a celebration of our success and recognition of areas where we could have performed better. In addition to reflecting our focus on improving performance as an organization, it also represents our commitment to transparency, for the benefit of our key stakeholders.

The intended audience for this report are stakeholders such as our shareholders, customers, employees, suppliers, government and regulatory organizations. These stakeholders are directly and indirectly impacted by the activities of the organization.

Please click here to read a copy of the report.