Blog Archives

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: , , , , , , ,

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

Posted in Law Tagged with: , , ,

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: , , , , , ,

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: , , , ,

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: , , , , ,

Companies and Allied Matters Act: The fate of alternate directors

There is a present uncertainty regarding the position of alternate directors in Nigerian company law. Before the coming into force of the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004 (CAMA), it was not

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

Companies and Allied Matters Act: A score and three years yet not much to cheer

[easyazon_image add_to_cart=”yes” align=”left” asin=”B00D3WQMVI” cloaking=”default” height=”160″ localization=”default” locale=”US” nofollow=”default” new_window=”default” src=”http://ecx.images-amazon.com/images/I/51UWFjHzSIL._SL160_.jpg” tag=”thecorpro-20″ width=”160″]When the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA) was first promulgated as Decree No. 1 of 1990, it was

Posted in Business, Law Tagged with: , , ,