Corporate Governance Framework in Nigeria
An International Review
by
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Nigeria is regarded as an emerging economy that looks to the private sector for the required quantum leap of development. Towards this, there has been a renewed interest on effective corporate governance especially in the wake of corporate mismanagement in 2009 particularly in the banking sector. The policy makers have come to recognize that, the effectiveness with which the boards of companies discharge their corporate and statutory responsibilities would substantially affect the overall performance of the national economy. It is also believed that, the primary duty of the corporate managers revolves around utilizing the resources of the company efficiently and judiciously with a view to achieving corporate objectives. Amidst scandalous corporate abuses, it is believed that sound system of corporate governance is an imperative to ensure that managers and directors of enterprises carry out their duties within a framework of accountability and transparency. With an indepth analysis of the philosophical foundations for corporate governance, the book explains the peculiarities of corporate governance framework in Nigeria and a few other countries. The book will be of interest to students of business economics, business law, legal practitioners and reseachers in the field of corporate governance.
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About the Book
Since her political independence from the British government in 1960, Nigeria has gone through different phases in the effort to develop the corporate sector. The intention was to drive the economy through corporate enterprises; however, the absence of effective corporate governance structure and conducive investment environment has no doubt been a source of concern for investors and successive governments.
Meticulously researched and organized, this book takes the global view on corporate governance to provide insight into the corporate governance conundrum in Nigeria. Against the background of international standard, Author, Olusola A. Akinpelu proposes a number of reforms to the existing governance structure and delves into the history of corporate development from the 1960s through the present.
In addition, Akinpelu offers an in-depth analysis of the philosophical foundations for corporate governance and compiles the theories, models, statutes, reforms, international standards, guidelines, and legal cases on corporate governance in the United Kingdom, Germany, the United States of America, and elsewhere to show how no country is completely immune from corporate collapse.
A timely work, Corporate Governance Framework in Nigeria will interest students of business economics, business law, legal practitioners, and researchers in the field of corporate governance.
‘’An excellently well written book on all important subject of socio-economic value and relevance.’’
- Guoleba Seri (Esq),
Chairman/CEO, Seri Associates, LLC, NY.
Founder and President/CEO, African Chambers of Commerce, United States.
About the Author
Olusola A. Akinpelu, LLB, BL(Nig.), LLM, PhD(Ife) is a Lecturer in the Department of International Law, Faculty of Law, Obafemi Awolowo University(formerly University of Ife), Nigeria where he has been teaching since 2006. As a Legal Academic, he has to his credit several articles published in academic and professional journals.
Since his call to the Nigerian Bar in 2001 as a Barrister and Solicitor of the Supreme Court of Nigeria, Dr. Akinpelu has practiced law in reputable law firms of Chris Ogunbanjo &Co, Olurotimi Williams & Co and Legal Services Bureau.