The Nigerian Code of Corporate Governance – Principle 27 – Stakeholder Communication

“Communicating and interacting with stakeholders keeps them conversant with the activities of the Company and assists them in making informed decision” In today’s socio-political climate, cultivating the trust of stakeholders is critical to corporate success. Public and media scrutiny of what organisations say and do is immediate, relentless and unforgiving (where these are perceived as […]

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 THE ROLE OF THE LOCAL BOARD IN MULTINATIONAL FIRMS

In an effort to maintain standards that form the basis of their competitive advantage, multinational firms have a set of standard operating procedures that apply across the global organization. Indeed, business success often depends on globally integrated operations – including marketing, production, research and development as well as human resources management. A major challenge in […]

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 THE ROLE OF THE AUDIT COMMITTEE IN CORPORATE GOVERNANCE

The Audit Committee is a key governance structure charged with oversight over financial reporting and disclosure. Apart from the Statutory Audit Committee, as required (of public companies) by the Companies and Allied Matters Act, Cap C20, LFN, 2004 (CAMA) which is made up of an equal number of Directors and shareholder representatives, a company may […]

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 IDENTIFYING AND MANAGING STAKEHOLDERS

Sound corporate governance practices are essential for efficient, viable and sustainable growth of companies and institutions, including governments. An interesting definition of corporate governance is that which defines it as “a system of law and sound approaches by which corporations are directed and controlled, focusing on the internal and external corporate structures with the intention […]

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 THE ROLE OF THE LOCAL BOARD IN MULTINATIONAL FIRMS

In an effort to maintain standards that form the basis of their competitive advantage, multinational firms have a set of standard operating procedures that apply across the global organization. Indeed, business success often depends on globally integrated operations – including marketing, production, research and development as well as human resources management. A major challenge in […]

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 Managing Shareholder Associations

Institutional Shareholders and indeed individual shareholders are key stakeholders in any organization and play a significant role in corporate governance. The focus here is on Shareholder Associations and how managing them effectively is an important aspect of stakeholder management which is essential to the success of every company. The emergence of “independent” Shareholder Associations in […]

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