Corporate Governance Practices in Nigeria

Chapter
Part of the CSR, Sustainability, Ethics & Governance book series (CSEG)

Abstract

Recent global happenings regarding high-profile corporate failures have put back on the agenda and intensified debate on corporate governance and board practices. Business regulatory agencies in many countries – Nigeria specifically – have responded by enacting governance codes as a means of better oversight and to align with international best practice. In Nigeria, there are three main codes that cover mostly public and private business organizations.

The authors in their research found that Nigerian companies have been compliant with these codes on structural factors. As regards the process factors, more needs to be done specifically in board evaluation and the quality of directors.

It is recommended that there should be a harmonization of all the codes so that the same set of rules and regulations can be used to evaluate companies irrespective of industry. In addition, the culture promoting whistle blowing in firms should be encouraged.

Keywords

Corporate Governance Audit Committee Board Size Board Independence Board Diversity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.Strategy department, Lagos Business SchoolPan-Atlantic UniversityLagosNigeria
  2. 2.Strategy department, Strathmore Business SchoolStrathmore UniversityNairobiKenya
  3. 3.Strategy department, Brunel Business SchoolUxbridgeUK

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