The Group Chief Executive Officer of Mc-Clique Brands Associates, Eddy Ademosu, has stressed the importance of integrity and adherence to corporate governance code as prerequisite for business growth.
Speaking at the yearly general meeting luncheon of Business Club Ikeja, in Lagos, recently, he stated that adherence to the codes as envisioned by the board and executive management, must permeate the entirety of business frameworks, strategies and operations and, should not be compromised for any reason.
The event, with the theme: "The Challenges and Prospects of Integrity in (Nigeria) Business," he stated that "among the eight great" challenges that every business (small, medium and big) faces today, integrity has emerged tops.
These are cash borrowing and resource management; increased selection and competition; marketing and customers' loyalty; uncertainty; regulations; problem solving and risk management; and finding the right mix of staff.
According to him, from the various presentations above, integrity/ethics as a concept, is central to growth, development and survival of businesses generally, and thus, presents its myriads of challenges and prospects at all levels.
Statistically, he further stated that it has been said that the "Ease of Doing Business Report" is intrinsically tied to the integrity quotient levels of each rated country.
It simply means that New Zealand that tops the list of "Ease of Doing Business" has the most integrity values in the world compared to countries like Nigeria at the tail of the table (145 out of 190)
"Generally, business thrives in conducive and sustainable environment, the lack of which allows for malpractices, corruption and sub-standard ethical practices.