Abuja — The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for transparency and accountability in government policies.

This was one of the resolutions adopted at its 33 annual conference in Abuja. It also urged government to promote good corporate governance in the Capital Market to restore investor's confidence.

The Institute observed that the current economic downturn was an opportunity for the reform of the economy, pointing out that the various regulators should reform their internal policies, processes and procedures.

It urged capital market regulators to ensure that proceeds from previous Initial Public Offers (IPO) by any company had been judiciously utilised before granting another approval.

It advised the various regulators in the country to formulate codes of best practices in corporate governance that would regulate the public and private companies.