Next in line: Successor visibility at Public Companies
This week on Street Talking in NEXT, I discuss the importance of providing fora of visibility for those in the succession line at companies on the Nigerian Stock Exchange.
For an institution long considered key man-captive, UBA has proven the pundits wrong. Less than forty-eight hours after the new Central Bank of Nigeria rule on the tenure of bank chief executives, UBA, without skipping a heartbeat, announced that Phillips Oduoza would replace Tony Elumelu its helm. Three words rush to mind in describing the first phase of the transition: seamless, smooth, style. Up to that point, it was flawless. Read More…
My Christmas wish: If I was the Head of Corporate Communications at Your Award-winning Nigerian Bank.
Once again, it is that time of the year when banks begin their feverish popularity contest with SMS alerts, full page ads and high street billboards announcing awards for Best This & Best That. Yet, in spite of the huge publicity these awards receive, neither the organizers nor recipients provide transparent metrics for assessing how winners emerge.
In recent years, Nigerian banks have received glittering awards for their performance and progress. For instance, at the 2008 Global Finance magazine’s annual awards ceremony for recognition of excellence in banking, Nigerian banks took home the following awards: Africa’s Lifetime Achievement in Banking Award (Otunba Subomi Balogun, Founder, FCMB), Banker of the Year (Tony Elumelu, Group Managing Director, UBA), Africa Bank of the Year (Intercontinental Bank), Africa’s Best Global Bank (Zenith Bank), and Africa’s Socially Responsible Bank of the Year (Fidelity Bank).
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