The term Corporate Governance entails the effective and transparent oversight of an organization’s operations by its management and board, to foster stakeholder engagement. It encompasses managerial accountability, board structures, and the protection of shareholders’ rights
CAMA 2020 equips Nigerian minority shareholders with a powerful tool – the oppression remedy. It tackles not just voting disparity, but also unfair dividends, manipulative directors, and even discriminatory practices.
In conclusion, Nigeria needs an effective insolvency framework for rescuing struggling oil firms and requires limited court intervention, debtor-friendly practices, and specialized courts.
A microfinance bank may be established by individuals, groups of individuals, community development associations, private corporate entities and foreign investors subject to a maximum of 49% shareholding for individuals and aggregate related parties.
In incorporating an enterprise, the name given to such enterprises is very important, there may be conflicts between one enterprise and another without any proper regulation on the names of businesses; this is why the Companies and Allied Matters Act 2020 prohibits and restricts businesses from adopting certain names
The implication of the inclusion of a non-compete clause or non-compete agreement is that where the agreement is validly enforceable, any breach of the terms of the agreement affords the employer a right of action in court.
Pre-action notice, where it is required, constitutes a condition precedent for the institution of action; any action brought without the notice would be premature and incompetent.
The establishment of Nigeria's Financial Reporting Council (FRC) under the Financial Reporting Council of Nigeria Act, 2011, marked a significant milestone in the country's efforts to enhance financial transparency, corporate governance, and accountability.
Insolvent practitioners play a critical role in Nigerian corporate restructuring, overseeing the complex process of managing the financial hardship and insolvency of companies. They are responsible for ensuring the interests of stakeholders are protected, fairness is maintained, and the integrity of the insolvency proceedings is preserved.
