Corporate Governance
Establishing a Climate of Confidence
Lafarge Africa continues to comply and act in line with both local and international regulations such as its Memorandum of Association, the Companies and Allied Matters Act (Cap C20 Laws of the Federation of Nigeria, 2004), regulations of the Nigeria Stock Exchange, the Security and Exchange Commission Code of Corporate Governance for Public Companies 2011 (SEC), and other international networks.
We apply high standards to corporate governance, with the goal of ensuring the Company's long-term value and success for all stakeholder groups: customers, shareholders, employees, creditors, suppliers and the communities in which we operate.
Our corporate governance policies particularly seek to ensure:
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Transparent and sustainable value creation by clearly delineating responsibilities, management processes and organization
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Continuous monitoring of the Board of Directors' performance and efficiency
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Appropriate decision-making relating to policy principles and controls
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Entrenching of the five core values of the Company which are improved customer relations, results, integrity, sustainability and people development.
Our Corporate Governance principles and practices are further strengthened with the adherence to the Holcim Code of Business Conduct, which articulates the values, ethics and business principles and it serves as the ethical road map for the Company, its directors, employees and stakeholders, supplemented with an appropriate mechanism to report any concerns pertaining to non-adherence to the said Code of Business Conduct.
We remain in full compliance with its Memorandum and Articles of Association, the Companies and Allied Matters Act (Cap C20 Laws of the Federation of Nigeria, 2004), rules of the Nigerian Stock Exchange, the Securities and Exchange Commission (SEC), International Best Practices and other regulations.
