Nigeria is a Sub-Saharan country with a population of over 200 million and a labour force of over 62 million people. With a Labour force the size of the United Kingdom, Nigeria provides several investment opportunities to investors as the largest economy in Africa. The Federal Government has continued to maintain a welcoming disposition towards […]
“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 […]
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 […]
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 […]
Corporate strategy is the overall scope and direction of an organization and the way in which its business operations work together to achieve particular goals in the short, medium and long term. A pivotal role of the Board of Directors is to provide leadership in the development and execution of a Strategic Plan for the […]
A subsidiary is an entity owned by another where the latter entity holds more than half (at least 51%) of the subsidiary’s issued equity. Subsidiaries are created for reasons ranging from the need to carry out business through another entity due to inability of the parent company to undertake the particular business or where the […]
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 […]
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 […]
To answer this question, it is necessary to have a good understanding of the roles and the duties of a Company Secretary. The Company Secretary is by Law an officer of the Company. When acting as an agent of the Company, he owes a duty to act in good faith in the best interest of […]
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 […]