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LCCI charge businesses on high ethical standards

L-R: Dr. Sunnie Omezia Michael, Director Trade Promotion, Lagos Chamber of Commerce and Industry( LCCI), Mrs. Bamidele Daramola, Vice President, LCCI, Mr Gabriel Idahosa, Deputy President, LCCI, Sir Ladi Smith, Vice President / Chairman Membership Committee, LCCI and Mrs. Abosede Okeyemi, Director Membership Relations, LCCI during the induction of new members of the Chamber in Lagos on Friday, 25th August, 2023.



LAGOS - The Lagos Chamber of Commerce and Industry (LCCI) has charged British American Tobacco Marketing Ltd., Nigerian Bottling Company Ltd., and other newly inducted business organisations to adopt the highest ethical standards in their operations.


The President, LCCI, Dr Michael Olawale-Cole, represented by the Deputy President, Mr Gabriel Idahosa, gave the advice during the Chamber’s induction of new members on Friday in Lagos.

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Olawale-Cole said that LCCI remained the leading voice of the private sector through its sustained public policy advocacy, stakeholders’ engagement and trade promotion activities.


He said the chamber dedicated resources and energy to consistently promote and protect private enterprise development, commercial and industry activities to foster global competitiveness of the Nigerian economy.


“As we formally induct your companies into the LCCI family today, I wish to emphasise the commitment of the chamber to the cherished tradition of high ethical standards, innovation, continuous improvement, integrity, and good corporate governance in business practice.


“As business owners and managers, though your primary obligation is to maximise profit, I charge you to pay adequate attention to the integrity of your business transactions and practices, environment, climate actions and social sustainability.


“I, therefore, enjoin you all to be committed to the core principles of high ethical standards, global best practices, and responsible corporate citizenships.


“Indeed, the chamber has a code of business ethics to which all members are to subscribe,” he said.


Olawale-Cole reaffirmed the chamber’s commitment to providing services aimed at catalysing private enterprises and organisations to achieve full potential in terms of sustainable growth and global competitiveness.

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Sir Ladi Smith, Chairman, Membership and Welfare Committee, LCCI, lauding the 48 companies on their steps to being inducted, urged them to take advantage of the various sectoral groups of the chamber.


Smith said their membership, if taken with the seriousness that it deserved, would have significant and positive impact on their business endeavours, stimulating growth, profitability, sustainability and the creation of new jobs.


He said that member organisations potentially stood to benefit access to useful and accurate business information essential for business planning and strategy, advocacy and intervention with relevant organs of governments among others.

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“You must, however, place a high premium on your membership status and take it very seriously so as to be positioned to appropriate as much benefit as possible to all of your organisations.


“We also expect, in the spirit of reciprocity, that as your organisations join our Chamber today, they will contribute their own quotas to the development, growth and expansion of the frontiers currently embraced by our great institution,” he said.


Source: NAN
 

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