[b]Nigerian emerges UNCTAD-ISAR chairman

November 1, 2012 by Ademola Alawiye Leave a Comment



The Chief Executive Officer, Financial Reporting Council of Nigeria, Mr. Jim Obazee, has been unanimously elected as the chairman of the 29th session of the United Nations Conference on Trade and Development inter-governmental working group of experts on International Standards of Accounting and Reporting.

A statement made available to our correspondent on Wednesday said this was the first time a Nigerian had been elected to chair the group of experts on this subject for the United Nations.

UNCTAD-ISAR is a specialised inter-governmental forum based on consensus building and voluntary cooperation among participating countries.

Every year, UNCTAD hosts the group of experts from over 50 countries on topical global agenda on financial reporting and corporate governance and other issues of common concern to member states besides informal exchange of experiences and best practices.

Within the year, they also host sessions on issues of urgent global importance that bear on institutional reforms and financial reporting.

The statement said, “Currently, the group is holding its 29th session in Geneva, Switzerland, from October 31 to November 2, 2012. The main agenda item for the 29th session deals with regulatory and institutional foundations for high quality corporate reporting.

“It will also review the recent development in the area of corporate reporting and discuss the result of the pilot tests of the UNCTAD-ISAR’s accounting development toolkits for assessing country’s capacity building needs.”

The statement said that Obazee would chair the activities of the group for the next UNCTAD- ISAR calendar year.

Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy.

UNCTAD, it said, had progressively evolved into an authoritative knowledge-based institution whose work was aimed at helping to shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action were mutually supportive in bringing about sustainable development.[/b]

http://www.punchng.com/business/money/nigerian-emerges-unctad-isar-chairman/

Congratulation to him

It's a welcom development.

Congrats to him.