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 Act 2006 of the United Kingdom, in spite of its mammoth 1,300 sections spanning over 700 pages, has no provisions on types of directors  even though it has elaborate provisions on other issues concerning directors: appointment, qualification, removal, duties, liabilities, etc. This article considers the different types of directors that are commonly available in spite of the absence of specific statutory provisions in that regard. There are four different perspectives we shall adopt in this review to ensure that the subject is adequately covered.

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7 comments on “Companies and Allied Matters Act: Types of directors
  1. Ade87 says:

    The categories of directors are ; Life directors, Associate directors, executive and non executive director, Alternat director, Chirman, Shadow director, managing director AKA CEO. We have also learnt their duties, section 279(4)(fudiciary duty), Apointments, removal, vacation of Ofice, Obigations, Duty of care and skill, power of removal. section 262(1)

  2. Ajakaiye Modinat says:

    The essence of the categorisation of directors is to clearly distinguish the duties of every class of director. The independent directors which are recognized by the various codes of corporate governance of every country including Nigeria (Section 4.3 and 5.5 (c) of the SEC CODE 2011) is in a class of its own due to the unique and classic criteria for the nomination of directors under this category. This is to ensure the fair and efficient performance of their duties.

  3. paul abah says:

    It is high time stringent measures are put in place to ensure heavy sanctions for defaulters of the Companies and Allied Matters Act 2004 (CAMA). In this regard, the Corporate Affairs Commission (CAC) has said that it would no longer tolerate the use of infants as members of the Board of Directors of companies; [section 257(a) CAMA] The Commission also said that it will ensure that unfit companies or fraudulent people are not registered. [section 254 CAMA] The Chairman, Board of Directors, Otunba Funso Lawal said the agency is aware that some companies are fond of placing an infant on the Board, and that such plan will not be tolerated. The above malaise can be better understood by reading the publication in The Nation Newspaper of April 30 2013, titled “CAC to stop ‘baby’ directors” by Toba Agboola and Tolu Osundolire as follows:
    “We plan to stop the usage of infants as Board of Directors of a company. We want to ensure transparency and openness; in other word, anybody that wants to register must submit two current passports and other documents. We are also aware that some unscrupulous people want to register a company so as to perpetuate their evil plan.”

  4. berryblingz says:

    The types of directors are: Life directors, Associate directors, Executive director, Non Executive Director, Alternate director, Shadow director,Independent director,Chairman,and the Managing director .The reasons for the categorization is for each of them to know thier various duties.

  5. nikkieluvs says:

    The following are the types of directors that we have; Life directors, Associate directors, executive and non executive director, Alternate director, Chirman, Shadow director, managing director. See section 279(4) for their duties, Apointments, removal, vacation of Office, Obligations ,Duty of care and skill, power of removal. see also, section 262(1).

  6. halimahslimfit says:

    There is no specific provision for the types of director under the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA). Also, the Companies Act 2006 of the United Kingdom does not provide a specified section for types of a director. By virtue of Section 567 of CAMA, the term director include any person occupying the position of a director by whatever name called and include any person in accordance with whose direction or instructions the directors of the company are accustomed to act. However, there are some types of directors which are provided under the CAMA, although not specifically provide for but still named. They are; (a) Shadow director as provided for under section 245 (b) Executive and non – executive director. Provided under section 244(2) and section 282 (4) (c) Life director. Provide under section (255) (d) Alternate director. (No provision for this type of director) (e) Managing director / CEO. Provided under section 263 (5) (f) Chairman. Under section 11 (b) of the Code of Corporate Governance in Nigeria 2003.

  7. floxxy says:

    A director is a person that is duly appointed by a company to direct and manage the affairs of the company. There are different categories of directors listed in CAMA. they are as follows; Shadow director, Alternate director, Executive and non-executive director, Life director, Associate director, Managing director/Chief Executive Officer and Chairman.

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