Corporate Governance

corporate-gov

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
ethics

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.