NCC launches new Corporate Governance Guidelines for the telecom industry – Reports

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The Nigerian Communications Commission (NCC) has launched new corporate governance guidelines for the telecommunications industry, aimed at promoting sustainability, ethics, and innovation in the sector. The guidelines bar top NCC management staff from joining the board of any telecom firm until five years after leaving the commission.

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The Executive Vice Chairman of NCC, Dr Aminu Maida, said the guidelines are a “decisive step toward a resilient, ethical, and innovative telecoms industry”. He emphasised that effective boards ensure disciplined capital expenditure, energy and site-security strategies, and cyber resilience, reducing outages, protecting data, and improving customer outcomes.

Maida noted that the telecom industry’s sustainability demands that boards and management teams are configured and incentivised to deliver reliable service quality, strong compliance, prudent leverage, robust cybersecurity, responsible supply chains, and credible disclosures. “Good governance is not merely a regulatory requirement – it is a strategic imperative for business success and long-term sustainability,” he said.

The guidelines stipulate a balanced composition of executive directors, non-executive directors, and independent non-executive directors, as well as separation of chair and CEO roles. Sector-specific expertise, particularly in ICT and cybersecurity, is also mandatory on the Board.

The implementation of the guidelines will begin next year, and NCC will engage with stakeholders to ensure a smooth rollout. The Commission’s goal is to embed a culture of accountability, adaptability, and sustainable value creation in the telecom industry

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