Corporate Governance.
Strong governance is the foundation of sustainable performance. AVA Capital PLC is committed to the highest standards of integrity, accountability, transparency and responsible decision-making across our four specialist subsidiaries.
Governance Philosophy
Governance Built on Accountability.
At AVA Capital PLC, governance is embedded in the way we make decisions, manage risk, protect stakeholder interests and create long-term value.
Our governance framework promotes independent oversight, ethical conduct, disciplined execution and compliance with the highest regulatory standards.
Governance Framework
How AVA makes decisions.
Board oversight
Provides strategic direction and independent oversight of the Group.
Committee structure
Support effective governance through specialist oversight and informed recommendations.
Management responsibilities
Executes strategy within clearly defined governance and accountability frameworks.
Decision-making process
Shareholders
The ultimate stewards of the Group, whose interests inform every decision.
Board of Directors
Sets strategy, approves policy and holds management accountable.
Board Committees
Three committees provide focused oversight of audit, finance and risk, and human resources and governance.
MD/CEO
Translates board direction into executable strategy across the Group.
Executive Leadership
Leads the operating businesses within defined risk and control limits.
Business Units
Deliver client mandates within regulatory and internal control frameworks.
Clients & Stakeholders
The outcome of disciplined governance - trust, performance and value.
Governing Principles
Our governing principles.
Our governance framework is designed to promote accountability, independent oversight, ethical conduct and long-term value creation.
Integrity
We act ethically and transparently.
Accountability
Clear ownership of decisions and outcomes.
Independence
Robust oversight and objective judgment.
Stewardship
Decisions made with a long-term perspective.
AVA Capital PLC - AGM 2026
Annual General Meeting - Board in session
Governance Documents
A public library of standards.
All documents are reviewed periodically and updated in line with regulatory changes and internal best practice.
Committee Structure
Specialist oversight, focused mandates.
Each committee operates under a written charter approved by the Board, with defined membership, meeting cadence and reporting lines.
Constituted under Section 404 of CAMA 2020 with five members - three shareholders and two Non-Executive Directors - and unrestricted access to management, books and records.
- Exercise oversight of the internal audit function and its independence
- Ensure a comprehensive internal control framework and report on its effectiveness
- Oversee fraud risk identification, prevention, detection and reporting
- Review internal audit plans and the effectiveness of the external audit process
- Review significant financial reporting issues with the Chief Financial Officer
Quarterly, and as required
Reports to the Board; the Company Secretary acts as secretary
Three Board members with competence in accounting and auditing, a majority of whom are Non-Executive Directors, in line with Principle 11.5.2 of the NCCG 2018.
- Monitor the financial reporting process and review annual accounts before Board submission
- Establish and recommend risk management policies and framework for Board approval
- Oversee risk identification, assessment and the adequacy of control mechanisms
- Review the adequacy and effectiveness of the risk management function
- Re-evaluate the risk policy periodically to reflect internal and external change
Quarterly
Reports to the Board; the Company Secretary acts as secretary
Serves as the nomination and governance committee under Principle 11.2 of the NCCG 2018, comprising three Board members and chaired by an Independent Non-Executive Director.
- Review Board structure, size, composition and succession planning annually
- Maintain a formal, transparent process and criteria for Board appointments
- Identify and recommend suitably qualified individuals for appointment as Directors
- Oversee Director induction, continuing education and annual performance evaluation
- Ensure succession plans for Board and senior management positions
Semi-annually, and as required
Reports to the Board; the Company Secretary acts as secretary
Governance Timeline
The evolution of oversight.
- 2018
Company Founded
Investment banking and securities brokerage licences secured.
- 2019
Regulatory Licences
Asset management licence obtained; governance policies formalised.
- 2021
Expansion of Business Lines
AVA Trustees Limited commences operations; four-business structure complete.
- 2023
Strengthened Framework
Enhanced enterprise risk and compliance framework across the Group.
- 2026
Public Listing on NGX
AVA Capital PLC listed by Introduction on the Nigerian Exchange Limited.
- Beyond
Future Growth
Deepening board independence and pan-African governance standards.
Continue your journey
Explore the wider Group.
Confidence, by design
Strong Governance Inspires Confidence.
Our commitment to transparency, accountability and responsible leadership underpins every decision we make and every relationship we build.
