Experts task secretaries, registrars on responsible use of AI

Magdalene Ukuedojor
Mar, Thu, 2025

Business

Experts task secretaries, registrars on responsible use of AI

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By Rukayat Moisemhe

Experts have tasked companies’ secretaries, registrars and administrators on the responsible use of Artificial Intelligence (AI) while enhancing Environmental, Social, and Governance (ESG) practices and data management.

They gave the advice at the 2025 Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) Company Secretaries and Registrars’ Forum in Lagos.

The forum’s theme was: “Enhancing the AI Mindset in Delivering Sustainability Principles on Data Management and Governance”.

Mr Christopher Ogirri, Data Engineering Lead, KPMG Africa, said as governance professionals, secretaries and registrars played a crucial role in ensuring compliance, transparency, and efficient corporate decision-making.

Ogirri said ESG reporting would become mandatory in Nigeria by 2028, following the Financial Reporting Council Adoption Readiness Roadmap.

He said that large Public Interest Entities (PIEs) must comply by 2027, with others following in 2028, and Small and Medium Enterprises required to report from 2030.

He stressed that as organisations adopt AI to enhance ESG data management and governance, secretaries and registrars must be aware of key concerns related to data privacy, security, and reliability.

He added that regulatory and governance concerns must be carefully addressed to ensure compliance, transparency, and ethical decision-making.

“Managing vast amounts of ESG-related data presents significant challenges, including accuracy, consistency, and regulatory compliance.

“While AI enhances ESG reporting by automating data collection and analysis, improving transparency and compliance, governance professionals must ensure its responsible and ethical use.

“As organisations integrate AI into governance and ESG processes, secretaries and registrars must collaborate with technology teams to ensure that AI tools align with compliance and ethical standards,” he said.

Mrs Funmi Ekundayo, the President, ICSAN, said the forum revolved around discreet application of Artificial Intelligence to deliver cutting-edge results in data management and governance.

Ekundayo said that data management referred to the practices of collecting, organising, protecting and storing data to enable its analysis for informed business decisions.

She added that it involved various aspects such as data governance, quality management, security, and integration.

Ekundayo noted that AI offered undeniable benefits such as faster performance, reduced human errors, elimination of injury in hazardous environment among others.

She, however, stressed that there was currently increasing awareness on the imperative of safe and environmentally-corporate business practices inclusive of AI adoption and usage.

“Hence, the need to find ways AI can be employed as a technical accelerator and incubator mechanism for delivering innovations and products in consonance with sustainability principles on data management and governance.

“Developing the appropriate mindset is a sine qua non for achieving success in any endeavour, and our focus at this forum is to enhance AI mindset for optimal delivery,” she said.

Dr Leo Okafor, the Company Secretary, United Capital Plc, emphasised the need for an ethical AI committee, chaired by independent committee board members to identify gaps in the system to drive accountability.

Okafor also called for the awareness and implementation of the laws on responsible AI use, saying organisations must have a framework that protects data and corrects breaches.

Mr Bamidele Oseni, the Managing Partner, Caleb Consulting Uganda Ltd., said secretaries and administrators must take advantage of compliance software, block chain technology to drive organisational efficiency.

“For everyone using AI, there are obligations such as risk management system, data system, human oversight, robust cyber security framework for accountable AI use,” he said.

Mr Clifford Akpolo, the Head, Group Communications and Partnership, Nigerian Exchange Group (NGX), said AI facilitated ESG reporting, data analytics and optimised operation and energy costs.

Akpolo, however, noted that AI was as good as the person administering it.

He revealed that the NGX was exploring how to enhance operations via AI seeing the peculiarities of the stock market. (NAN)(www.nannews.ng)

Edited by Abdulfatai Beki/Chinyere Joel-Nwokeoma

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