Monthly Archives: February 2013

Companies and Allied Matters Act: Types of directors

Generally, company law statutes do not usually contain elaborate provisions on types of directors. This is the case also with the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA). Interestingly also, the Companies

Posted in Law Tagged with: , , , , , , ,

Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Directors’ remuneration

Company law statutes generally provide for the remuneration of directors. Also relevant in respect of directors’ remuneration is the Articles of Association of the company concerned. Apart from the provisions of the statute on directors’ remuneration, it is a common

Posted in Corporate Governance Tagged with: , , , ,

External Auditors and the Codes of Corporate Governance in Nigeria

The importance of the external auditors seems to be well-appreciated in Nigeria. Of the four corporate governance codes presently in force in Nigeria, three of them have provisions regarding external auditors. The only corporate governance code without any provision on

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Hire-Purchase Act Reform: Death of the hirer

[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]The repossession of hire-purchase goods by the owner has been discussed in a previous post [see here] where

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Sale of Goods Act Reform: Other considerations

In the last few weeks, we have discussed several issues relating to the Sale of Goods Act 1893 that should be reformed [see here, here, here, here and here]. In this concluding article relating to the reform of the sale

Posted in Business, Law Tagged with: , , ,

Companies and Allied Matters Act: Who can be a company director?

The Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA) has elaborate provisions regarding the administration of companies in Nigeria. A key player in the management of companies is a director. Interestingly, the CAMA

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Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Disclosure and transparency

The twin principles of disclosure and transparency are fundamental to corporate governance. They constitute some defining essence of corporate governance. Unsurprisingly therefore, it is common practice for contemporary codes of corporate governance to ensure that these issues are adequately provided

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Nigerian Stock Exchange penalises errant firms

The Nigerian Stock Exchange has fined some errant firms listed on the stock exchange for failing to comply with the Listing Rules of the Nigerian Stock Exchange. According to the information contained in its recent X-Compliance Report, the affected firms

Posted in News and Events

External Auditors and Corporate Governance

External auditors are one of the essential gatekeepers of every organisation. They have very important role to play in the company. Following the somewhat recent collapses of major corporate giants, it has become evident that external auditors could make or

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

Hire-Purchase Act Reform: Assignment of hirer’s rights and interests

[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]A major lacuna in the Hire-Purchase Act, Cap H4, Laws of the Federation of Nigeria 2004 (HPA) relates

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TheCorporateProf.com Unveiled!

Today, February 14, 2013, in this season of love, The Corporate Prof. formally berths on the internet. The Corporate Prof. is created with love for the benefit of scholars, students, researchers, business people, and all persons interested in corporate governance,

Posted in General Issues, News and Events

Sale of Goods Act Reform: What does “goods” mean?

Quite obviously, the scope of the Sale of Goods Act 1893 relates to goods. What is however not quite certain is what the term “goods” covers. It is imperative to establish what amounts to goods as that is important in

Posted in Law Tagged with: , , ,