Monthly Archives: January 2013

Steering Committee on National Code of Corporate Governance inaugurated

A Steering Committee on the development of a National Code of Corporate Governance for Nigeria was inaugurated by the Honourable Minister of Trade and Investment, Mr. Olusegun Aganga (CON), on Thursday, 17th January, 2013. The Committee is charged with the

Posted in Business, Corporate Governance, News and Events Tagged with: ,

Establishing the independent status of an independent director

In an earlier post last week, it was contended that there are some inadequacies in the independent directorship practice in Nigeria which detract from the utility of having independent directors on boards. [See here] These adequacies of the provisions of

Posted in Corporate Governance Tagged with: , , ,

Call for Papers

The Institute of Chartered Secretaries and Administrators of Nigeria invites all interested researchers, authors, scholars and practitioners to submit manuscripts for publication consideration in its forthcoming book, Compendium of Developments in Corporate Governance – 2013 Edition. The Compendium will be

Posted in News and Events Tagged with: ,

Sale of Goods Act in Nigeria: A century and a score and still going strong!

Incredibly, the Sale of Goods Act 1893 is still in force in Nigeria. This statute which became operational in Nigeria under the statutes of general application doctrine by which legislations of general application in force in the United Kingdom before

Posted in Law Tagged with: , , ,

Top Ten Issues for Review in the CBN’s Exposure Draft Corporate Governance Code

Certainly, it is about time the Code of Corporate Governance for Banks in Nigeria Post-Consolidation 2006 (2006 CBN Code) is revised. This call for the revision of the 2006 CBN Code is not new. [See here] In a few months’

Posted in Corporate Governance Tagged with: , , , , , , ,

Top 10 Law Faculties in Nigerian Universities

The Nigerian Institute of Advanced Legal Studies, Nigeria’s apex institution for research and advanced studies in law, has released a list of the top 10 Law Faculties in Nigerian universities. According to a report by Vanguard newspaper on Sunday, 13th

Posted in Awards and Recognitions

Eight Engaging Issues for Directors of Listed Companies in Nigeria in 2013

The year 2013 has taken off on full blast. As directors begin to take stock of the outings of their companies in 2012, with a view to improving on their 2012 performance in 2013, it is appropriate to consider those

Posted in Business, Corporate Governance, General Issues, Law Tagged with: , , , , , , , ,

Independent Directors in Nigeria: Myth or Reality?

Independent directors have gained much traction in the corporate governance scene of developed countries. This category of directors, who are not specifically provided for in company statutes, has emerged as the bedrock of sound corporate governance entrenchment in companies. This

Posted in Corporate Governance Tagged with: , , ,

Reforming the Hire-Purchase Act of Nigeria

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]At last, it does seem that the Nigerian Hire-Purchase Act, Cap. H4, Laws of the Federation of Nigeria

Posted in Law Tagged with: , ,

A Paradigm Shift in Corporate Governance Regulation in Nigeria in 2013?

The Nigerian corporate governance scene is somewhat complicated and scattered. This is especially so in relation to corporate governance regulation. Naturally, this is having a huge impact on the enforcement of corporate governance in Nigeria. For starters, there are four

Posted in Corporate Governance Tagged with: , , ,

Historical Development of Corporate Governance in Nigeria

[easyazon_block add_to_cart=”default” align=”left” asin=”0199607966″ cloaking=”yes” layout=”top” localization=”yes” locale=”US” nofollow=”yes” new_window=”yes” tag=”thecorpro-20″]The history of corporate governance in Nigeria can be said to be somewhat distorted and confusing. Nonetheless, corporate governance cannot be divorced from Company Law in general. Prior to the

Posted in Corporate Governance

Welcome to The Corporate Prof. website!

The Corporate Prof. deals with issues concerning Corporate Governance, Corporate Law, Law and Business, and other informational and/or educative matters relating to those issues. You may wish to read the About Us page for more details concerning the website and

Posted in General Issues