The Managing Director and Chief Executive Officer, the Nigeria Mortgage Refinance Company, Mr Kehinde Ogundimu, has said that internal audit is relevant in building a sustainable organisational culture.
A statement on Wednesday said that while delivering the keynote address on the theme, ‘The role of internal audit in building a sustainable organisational culture’, Ogundimu said that the failure of many corporate giants like Enron and some of the liquidated local banks in Nigeria had been attributed largely to poor corporate governance, driven by poor organisational culture.
He said, “A distinguishing feature of leading organisations is their culture. Culture affects performance, employee engagement and the ability to create an innovative and positive work environment. Ogundimu added that there was a strong relationship between organisational culture and corporate brand.
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