Corporate Structure & Governance

Our Structure

  • BOARD OF DIRECTORS
    (the "Board")
    • Auditor & Ex Secretary
    • Chief Executive Officer
      (CEO)
      • Operations
        (CBO)
        • System/ Databases Admin
          • Research, Monitoring & Brokerage
            • External Relations
              • Client Services Affairs
      • IT & Medias
        (CTO)
        • I.T Development
          • Media & Public Relations
      • Admin & Sales
        (CAO)
        • Internal Control
          • HR & Strategic Planning
            • Legal & Compliance
              • Sales
      • Finance, BO & Risk Mangt
        (CFO & CRO)
        • Clearing & Settlement
          • Risk Management Div
            • Back-Office Department

Meet Our Experts

Our Team

Ibrahim O. OYENIYI
CEO & Founder
Mojisola A. OTUKOYA
Executive Secretary
Kayode K. ADEYEMO
Director, Operations (CBO)
N/A
Director, IT & Medias (CTO)
Habeeb D. MOHAMMED
Director, Admin & Sales (CAO)
N/A
Director, Finance (CFO)
Opeyemi A. TODIMU
Director, Back Office (BO)
Adekunle J. ADEBAYO
Director, Risk Management (CRO)

Governance

Chair’s Message

2016 was a year characterized by slow economic growth and increased regulatory complexities. In spite of a challenging operating environment, IBR-Global Markets Ltd achieved record results thanks to the strength of its leadership team and the commitment of its achievement.

 

Corporate governance

We believe that good governance is a cornerstone of our success at IBR-Global Markets Ltd. For the fifth year in a row, we were recognized for our corporate governance standards, which again ranked us among the top one per cent of companies.

We are proud of IBR-Global Markets Ltd’s leadership position in board governance, and your board remains committed to continuous improvement. We regularly review and update our practices. In fiscal 2016, we updated IBR-Global Markets Ltd’s executive compensation disclosure.

We welcomed Mr     of Lagos, Nigeria to the board in fiscal 2016. Mr        brings deep industry experience and a valuable strategic perspective to the board’s Human Resources Committee and Risk Committee.

 

Confidence in the future

While we expect the economic conditions in the markets in which the company operates to remain challenging, your board has the utmost confidence that the company’s management and employees will continue to deliver superior performance and enhance the company’s financial condition and prospects.

Throughout the financial turmoil of the recent past, the board has been continually impressed by the deep commitment of IBR-Global Markets Ltd’s employees. They deserve our thanks for not only helping to deliver record financial results, but for their efforts in serving our customers and our communities. I want to acknowledge specifically their dedication to providing legendary service, and to responding with overwhelming support to the needs of the communities in which we operate, for example, through the IBR-Global Markets Ltd United Way Employee Giving campaign. Their outstanding contributions speak volumes about their commitment to our communities.

I’d also like to extend my thanks to our shareholders for their continued support. Your board remains committed to working on your behalf, and we look forward to serving you in 2017.

Chairman of the Board

Directors’ key responsibilities

In addition to having the requisite skills and experience, all directors must meet the qualifications for directors set out in the Position Description for Directors of IBR-Global Markets Ltd. Under the Position Description, directors are expected to serve IBR-Global Markets Ltd and the long-term interests of its shareholders by supervising the management of the business and affairs of IBR-Global Markets Ltd. In doing so, the directors are expected to:

  1. Meet the highest ethical and fiduciary standards;
  2. Demonstrate independence from management;
  3. Be knowledgeable and inquisitive about the issues facing IBR-Global Markets Ltd;
  4. Apply good sense and sound judgment to help make wise decisions; and

display commitment through attendance at, preparation for and participation in meetings.

Directors are expected to fulfil these objectives through accountability, integrity, independence, involvement, contribution and commitment to the company and its shareholders.

Directors are also subject to the IBR-Global Markets Ltd Code of Conduct and Ethics.

 

Corporate Governance Committee                       

Key Responsibilities:

  1. Responsibility for corporate governance of IBR-Global Markets Ltd:
  2. Set the criteria for selecting new directors and the Board’s approach to director independence;
  3. Identify individuals qualified to become Board members and recommend to the Board the director nominees for the next annual meeting of shareholders;
  4. Develop and, where appropriate, recommend to the Board a set of corporate governance principles, including a code of conduct and ethics, aimed at fostering a healthy governance culture at IBR-Global Markets Ltd;
  5. Review and recommend the compensation of the directors of IBR-Global Markets Ltd;
  6. Satisfy itself that IBR-Global Markets Ltd communicates effectively with its shareholders, other interested parties and the public through a responsive communication policy;
  7. Facilitate the evaluation of the Board and Committees;
  8. Oversee an orientation program for new directors and continuing education for directors.

 

Human Resources Committee                   

Key Responsibilities:

  1. Responsibility for management’s performance evaluation, compensation and succession planning:
  2. Discharge, and assist the Board in discharging, the responsibility of the Board relating to leadership, human resource planning and compensation as set out in this committee’s charter;
  3. Set performance objectives for the CEO which encourage IBR-Global Markets Ltd long-term financial success and regularly measure the CEO’s performance against these objectives;
  4. Recommend compensation for the CEO to the Board for approval, and determine compensation for certain senior officers in consultation with independent advisors;
  5. Oversee a robust talent planning process that provides succession planning for the CEO role and other senior roles. Review candidates for CEO and recommend the best candidate to the Board as part of the succession planning process for the position of CEO;
  6. Oversee the selection, evaluation, development and compensation of other members of senior management;
  7. Produce a report on compensation for the benefit of shareholders, which is published in IBR-Global Markets Ltd annual proxy circular, and review, as appropriate, any other related major public disclosures concerning compensation.

 

Risk Committee       

Key Responsibilities:         

  1. Supervising the management of risk of IBR-Global Markets Ltd:
  2. Approve IBR-Global Markets Ltd risk appetite and related metrics and identify and monitor the key IBR-Global Markets Ltd risks including evaluating their management;
  3. Approve risk management policies that establish the appropriate approval levels for decisions and other checks and balances to manage risk;
  4. Review IBR-Global Markets Ltd actual risk profile against risk appetite metrics and satisfy itself that policies are in place to manage the risks to which IBR-Global Markets Ltd is exposed, including market, operational, liquidity, credit, insurance, regulatory and legal and reputational risk;
  5. Provide a forum for “big-picture” analysis of an enterprise view of risk, including considering trends and emerging risks.

 

Audit Committee      

Key Responsibilities:

  1. Supervising the quality and integrity of IBR-Global Markets Ltd financial reporting:
  2. Oversee reliable, accurate and clear financial reporting to shareholders;
  3. Oversee internal controls – the necessary checks and balances must be in place;
  4. Be directly responsible for the selection, compensation, retention and oversight of the work of the shareholders’ auditor – the shareholders’ auditor reports directly to this committee;
  5. Listen to the shareholders’ auditor, chief auditor, chief compliance officer and chief anti-money laundering officer, and evaluate the effectiveness and independence of each;
  6. Oversee the establishment and maintenance of processes that ensure IBR-Global Markets Ltd is in compliance with the laws and regulations that apply to it, as well as its own policies;
  7. Act as the Audit Committee and Conduct Review Committee for certain subsidiaries of IBR-Global Markets Ltd that are federally regulated financial institutions and insurance companies;
  8. Receive reports on and approve, if appropriate, certain transactions with related parties.

 

At a glance overview

  • We have a strong, independent Chairman with a clear leadership mandate in corporate governance.
  • The Board oversees management, considers and approves on a continuous basis strategic alternatives and plans, and approves all major strategy and policy recommendations for IBR-Global Markets Ltd.
  • The Board is responsible for setting the tone for a culture of integrity and compliance throughout IBR-Global Markets Ltd.
  • The Board, its committees, the committee Chairs and the Chairman of the Board operate under written charters setting out their responsibilities.
  • The Board renews itself with high calibre candidates with diverse skills and experience.
  • The Audit Committee of the Board, not management, is responsible for the relationship with the shareholders’ auditor.
  • The Board of Directors and the management of IBR-Global Markets Ltd are committed to leadership in corporate governance. We have designed our corporate governance policies and practices to be sure we are focused on our responsibilities to our shareholders and on creating long term shareholder value. We can assure you that IBR-Global Markets Ltd’s policies and practices meet or exceed applicable legal requirements. We continuously monitor all proposed new rules and modify our policies and practices to meet any additional requirements. An overview of our corporate governance structure is set out below.

 Role of the Chairman of the Board

Mr           is the non-executive Chairman of the Board at IBR-Global Markets Ltd. The Chairman of the Board is appointed annually by the non-management directors of the Board. He is independent and his role as Chairman of the Board is to facilitate the functioning of the Board independently of management and to maintain and enhance the quality of our corporate governance at IBR-Global Markets Ltd. His key responsibilities are set out in the Charter of the Chairman of the Board which is available on our website. He also serves as Chair of the Corporate Governance Committee and is member of the Human Resources Committee.