Fidelity Bank Plc has received the highest rating on corporate governance from the Nigerian Exchange (NGX), demonstrating its commitment to transparency, accountability, and ethical business practices.
The bank’s CG+ rating, the highest under the Corporate Governance Rating System (CGRS), reflects its adherence to global best practices and full disclosure requirements.
The NGX’s Corporate Governance Rating System is designed to strengthen governance structures, promote ethical business practices, and provide a basis for investors to differentiate between listed companies.
Fidelity Bank’s sustained high rating is a testament to its dedication to corporate governance excellence.
The bank’s compliance with NGX regulations includes prompt submission of operational results, full disclosure of material information, and accurate reporting.
Its commitment to corporate governance has earned praise from shareholders, market experts, and regulatory bodies.
Market experts emphasize the importance of corporate governance compliance in investment decisions.
They note that a high rating indicates a company’s commitment to transparency, accountability, and ethical business practices, making it an attractive investment opportunity.
Investors have expressed confidence in Fidelity Bank’s corporate governance structure, citing its good succession plan, independent non-executive directors, and impressive performance.
The bank’s commitment to corporate governance has created a positive impression among shareholders, who appreciate its exemplary leadership and continuous growth.
The NGX applies sanctions to defaulting companies, including fines, suspension of trading, and compulsory delisting. Fidelity Bank’s high rating demonstrates its commitment to avoiding such sanctions and maintaining market integrity.
Fidelity Bank’s commitment to transparency, accountability, and ethical business practices has earned praise from stakeholders and reinforced its position as a leading commercial bank in Nigeria
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