Business Action Against Corruption

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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.

The BAAC Nigeria Project seeks to strengthen self-regulation of business, business compliance with government regulations, stakeholder activism and a public vigilance over the arrangements. It builds relationships with two principal regulators, the Nigerian Stock exchange (NSE), Securities Exchange Commission (SEC) and work with the NESG, and Institute of Directors to build partnerships to strengthen corporate governance practices by raising standards of board leadership across the economy.  BAAC is in effect creating partnerships between business and government to fight corruption and fraud through facilitating collective action, research, education training as well as the development and dissemination of best practice tools and guidelines.

The Convention on Business Integrity through the BAAC brings a company into fellowship with other companies, organizations and individuals interested in Collective Action in the fight against corruption