Monthly Archives: February 2013

Companies and Allied Matters Act: Making a case for a one-man board

The number of directors that a company should have is statutorily provided for in company law statutes. In the case of Nigeria, the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004 (CAMA) is explicit

Posted in Law Tagged with: , , , ,

Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Board evaluation

Board performance evaluation is one board activity which has attracted much attention and for which there exist some widely accepted practices. The issue is therefore worthy of some consideration. We shall review what the existing best practice on board performance

Posted in Corporate Governance Tagged with: , , ,

Independent Directors: International best practices and the way forward

In the past couple of weeks, we have been discussing different issues pertaining to independent directorship. The importance of independent directors in modern companies is certainly not in doubt. Also clear is the fact that they are instrumental in the

Posted in Corporate Governance Tagged with: , , ,

Hire-Purchase Act Reform: Rights and obligations of parties

[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]In reality, a typical hire-purchase agreement confers a bundle of rights and obligations on the parties to the

Posted in Law Tagged with: , , , ,

Sale of Goods Act Reform: Rejection for delivery of wrong quantity

There is the need to revisit the circumstances under which a buyer may reject goods where a wrong quantity was delivered by the seller. It is conceded that the delivery of wrong quantity ordinarily amounts to a breach of the

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

Ten Key Steps in Board Evaluation

Board evaluation is now more compelling as it is usually mandated by contemporary corporate governance codes. As anybody who has been involved in the process knows, it is usually a very challenging exercise. However, it must be done properly to

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Investment Scam: If it sounds too good to be true, then it probably is!

Is the love for easy money a sure-fire mindset for being a victim of an investment scam? Is greed the foundation for falling for investment scam? If it seems too good to be true, it probably is! It is so

Posted in General Issues Tagged with: , ,

Companies and Allied Matters Act: Shadow directors revealed

The Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA) recognises a category of directors referred to and known as shadow directors. In fact, a specific section of the CAMA was devoted to defining

Posted in Law Tagged with: , , , , ,

Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Board committees

Another corporate governance issue with well-established international best practice relates to the committees of the board of directors. In continuation of the discussion on the compliance of the Code of Corporate Governance in Nigeria 2011 (2011 SEC Code) with international

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

Nigeria missing in Top 20 Emerging Markets List

In a recent list [see here] of the top 20 emerging markets recently released by Bloomberg Businessweek, Nigeria was conspicuously not present on it. This is so in spite of the fact that four African countries were on that list.

Posted in Business, News and Events Tagged with: ,

Independent Directors: Are there any roles for them?

In continuation of our discussions on independent directors [see here, here and here], this article discusses the fundamental issue of the role of independent directors. The necessity of discussing the role of independent director is predicated on establishing the reason

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