Blog Archives

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

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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

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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

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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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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

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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

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Corporate Governance: How the problem started.

The corporate governance challenges companies face today is real. In spite of all the reform efforts, it still appears as if not much is being done to address the problems adequately. Do you think there have been adequate changes in

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ICSI to develop corporate governance rating model

It has been reported by the Hindu Business Line [see here] that the Institute of Company Secretaries Institute (ICSI) of India is planning to develop a model of corporate governance rating. In doing so, the Institute plans to build on

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

In this second part of this series reviewing specific provisions of the Code of Corporate Governance in Nigeria 2011 (2011 SEC Code) issued by the Securities and Exchange Commission, we shall be considering the provisions of the 2011 SEC Code

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Independent Directors: How many should be on a board?

In the past couple of weeks, we have been discussing the inadequacies in the provisions of the corporate governance codes presently in force in Nigeria as far as independent directorship is concerned [see here and here]. [sociallocker] Another issue that

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Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Chairman-CEO Duality

The Code of Corporate Governance in Nigeria 2011 (2011 SEC Code) issued by the Securities and Exchange Commission and which became effective on 1st April, 2011, can be said to be the most comprehensive corporate governance legislation in Nigeria at

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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

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