Governance Ethics: Any Lessons from the African Development Bank?, By Donald Amaeshi - Premium Times Opinion

Nigeria News News

Governance Ethics: Any Lessons from the African Development Bank?, By Donald Amaeshi - Premium Times Opinion
Nigeria Latest News,Nigeria Headlines
  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 81 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 78%

Opinion: Governance Ethics: Any Lessons from the African Development Bank?, By Donald Amaeshi

AfDB has allegedly finally succumbed to the demands of powerful stakeholders for an independent investigation. This exemplifies how an organisation can be in full compliance of its internal process and yet act in a way that might negatively affect its reputation by failing to gain the trust of its stakeholders. In hindsight, this could have been probably been avoided…

Despite being a private sector approach to risk management, the development and adoption of anti-corruption/governance focused policies have two broad origins. The first is that it can be a regulatory requirement or a prerequisite by member organisations/states in the case of multilateral agencies. For example, the UK Bribery Act places a burden on UK entities operating abroad, either directly or through agents, to ensure that they have written anti-bribery policies in place.

A review of most compliance programmes in organisations would show that the legalistic school of thought is often the dominant orientation towards the implementation of corporate policies. This is unsurprising, as the function is usually manned by legal professionals or compliance officers with a leaning towards legalism.

Arguably, through socialisation, an organisation provides its members with a shared set of values and norms, with strong cues for conformity. In other words, it can be argued that organisations are themselves mechanisms for behavioural control, where individuals receive behavioural instructions and act on these cues to perform their respective roles.

For instance, African Development Bank’s compliance to its code of ethics in the handling of a whistleblower’s complaints against its president is the fulcrum of a raging public debate. AfDB’s code of ethics specified that investigation be performed at the preliminary stage by the Board, but is silent on whether the Board could use an external, independent party at this first stage or rely solely on its internal structure.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premium Times Daily data-react-helmet=truePremium Times Daily data-react-helmet=trueBreaking news, Investigations, Multimedia, Analysis, Opinion, Business, Sports & more... by Premium Times data-react-helmet=true
Read more »

Premium Times Daily data-react-helmet=truePremium Times Daily data-react-helmet=trueBreaking news, Investigations, Multimedia, Analysis, Opinion, Business, Sports & more... by Premium Times data-react-helmet=true
Read more »

Africa's Population Explosion: A Ticking Time Bomb, By Ebere Onwudiwe - Premium Times OpinionAfrica's Population Explosion: A Ticking Time Bomb, By Ebere Onwudiwe - Premium Times OpinionThe pyramiding of our human numbers on the continent is an urgent development issue.
Read more »

Living With the Truth (2), By Femi Aribisala - Premium Times OpinionLiving With the Truth (2), By Femi Aribisala - Premium Times OpinionA man cannot know himself unless he first knows Jesus, the Truth.
Read more »

Why Trump May Throw AfDB's Adesina Inside the Bandama River, By Festus Adedayo - Premium Times OpinionWhy Trump May Throw AfDB's Adesina Inside the Bandama River, By Festus Adedayo - Premium Times OpinionTrump and his gruff would win this war and Adesina, with his hallowed credentials and celebrated knowledge, may be thrown into the Bandama River pretty sooner than we imagined. The Bandama River is reputed to be the longest and in its commercial value, the most sought after river in Côte […]
Read more »

The Central Bank’s Benchmark Rate and the Rest of the Economy, By Uddin Ifeanyi - Premium Times OpinionThe Central Bank’s Benchmark Rate and the Rest of the Economy, By Uddin Ifeanyi - Premium Times OpinionThe decision, last week, by the Central Bank of Nigeria’s (CBN) policy committee to trim its benchmark interest rate by 100 basis points to 12.5 per cent has been much commented upon, including by those who think the economy may benefit from lower rates. According to this perspective, government may […]
Read more »



Render Time: 2025-04-07 16:14:57