An Analysis of Corporate Governance Impact on Corporation Management in Nigeria

Abstract

The quest for a wholesome corporation management has given rise to the frenetic recourse to the institutionalization of regulatory frameworks, codes and rules of corporate practice in Nigeria in recent times. Drawing from over a decade long string of corporation failure, this paper undertakes an overview of the corporate governance challenges and draws a nexus between these and the spate of company failure in Nigeria. Overall, the finding is that the observance of corporate governance statutes, regulations and codes of best practice by companies in Nigeria has been inconsistent with the requirement of the companies and investment statutes; this coupled with a weak supervisory/regulatory regime. This paper recommends that all corporate governance laws and rules in operation in Nigeria be codified as a single instrument which would apply to all corporations.