THE EXPOSURE DRAFT OF NATIONAL CODE OF CORPORATE GOVERNANCE BY THE FINANCIAL REPORTING COUNCIL (FRC) 1990: A REVIEW BY OLAGOKE AKEUSOLA.ESQ.
The idea of having a code of corporate governance in Nigeria is not a
novel one. It has been done severally in other jurisdictions; especially in the United Kingdom which Nigeria has an affinity with,
due to the common law origin of our company law. Thus, a code of corporate
governance must always co-exist with a company law enactment, but here in
Nigeria it seek to supersede the Company Law enactment. The previous codes
which were enacted in the United Kingdom include the Cadbury report (1992), the
Hamel report on Corporate Governance (1998) and the combined code for listed
companies (1999). In Nigeria we have the
Atedo Peterside Corporate governance committee report (2003) and the Mahmood
Corporate governance review (2011)
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