CORPORATE GOVERNANCE IN NIGERIA; CORPORATE ACTORS MISBEHAVIOR AND SHAREHOLDERS PROTECTION

Abstract

A company upon its incorporation becomes a legal person different and distinct from the individuals who established it. However, this legal person is merely artificial designed for business convenience as it cannot act on its own but wholly depends on its human organs. Corporate Governance is a broad or central topic in corporate law that simply refers to the way a corporation is governed. This research seeks to analyze the present laws or regulations of Corporate Governance in respect of investors protection in Nigeria and examine its suitability and efficiency to actually protect investors/ shareholders. It features the commentaries of different authors in respect of the subject matter. It highlights the meaning and purpose of corporate governance, some major theories of corporate governance, the key players of corporate governance and their roles in a company. It establishes that Management of the company resides in the directors and this could be problematic because the directors and other major shareholders may act opportunistically, which is adverse to the interest of the shareholders. This makes investors protection eminent. The other part of this research seeks to examine and analyze comparatively the regulations on corporate governance in Nigeria and that of the United Kingdom, in a bid to point out the loopholes or problems in the Nigerian system and provide adequate recommendations for the lapses. Lastly, the Research proffers recommendations which centers upon reform of the present laws on investors protection and establishment of enforcement mechanisms.

Identifiers

Resource ID

urn:uuid:7e6218e9-8a51-4694-a3c4-e2bf104884b2