About BAAC
Our History
The Convention on Business Integrity (CBi), since June 2006, implements the Business Action Against Corruption (BAAC), Nigeria project. The aim of the BAAC project is to use collective action to improve corporate governance and reduce corruption in the Nigerian business environment. The programme also supports practical initiatives, which promote good governance and improve the investment climate. We achieve this through working with industry at strengthening self-regulation of business, its compliance with government regulation, stakeholder activism and a public vigilance over the arrangement. We also build on existing relationships with the Nigeria Stock Exchange (NSE) and the Securities Exchange Commission (SEC) to build a partnership to strengthen corporate leadership practices by raising standards of board leadership of directors of listed companies in Nigeria to review their fiduciary responsibilities, and meet stakeholder expectations. The aim is to define a set of business principles, reporting guidelines and system of compliance incentives jointly with directors of listed companies in Nigeria.
Better for Business…
The BAAC initiative will help to provide the tools and templates needed for businesses to set up their internal policies and procedures to meet COSO 2013 global standards; the initiative will help establishments create and implement ethics, governance and corruption-risk frameworks critical to businesses seeking certifications and seeking to raise investment capital.
Our Team
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“BAAC through Regulatory Conversations has helped to push for a clear philosophy of regulation to be established in Nigeria; and assist companies with corporate risk by providing a platform for its assessment including corruption-risk. BAAC further achieves its aims by working with industry at strengthening self-regulation of business, its compliance with government regulation, stakeholder activism and a public vigilance over the arrangement.” – Soji Apampa, CEO, Integrity Organisation Limited Gte.
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“doing business with ease is largely dependent on having a friendly regulatory environment which supports the convenience of execution of effective corporate governance standards by galvanizing the adoption of a corruption-risk framework that is critical to achieving the set goals of improved corporate values.” – Olufemi Awoyemi, Chairman, Proshare Limited.