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DRAFT CORPORATE GOVERNANCE CODE FOR ILORIN MICROFINANCE BANK

	*New!!*
	1.0 INTRODUCTION
	The Corporate Governance code has been drawn up to provide necessary guidance for establishing the roles and responsibilities of the management and the board of Ilorin Microfinance Bank Limited[IMFB]. The cardinal objective is to ensure that the bank’s affairs are conducted in an orderly and responsible manner to ensure that the various stakeholders expectations are met and indeed surpassed by the board and management who are entrusted with the piloting the affairs of the bank.
	The Code among other things defines the roles and responsibilities of the board, and also that of the management. In view of the need to ensure that insiders related activities are effectively controlled to guide against abuses, the code also sets acceptable procedures and guidelines for the conduct of insiders related activities. In order to underscore the board members political will to enforce strictly the code provisions, appropriate sanctions are provided for its violations.