#EmbraceEquity: The Relevance of Board Diversity to Enhance Corporate Governance
The Companies and Allied Matters Act, 2020 (“the Act”), repeals and replaces the present Companies and Allied Matters Act of 1990.
The Organisation for Economic Co-operation and Development (OECD) defines corporate governance as a set of relationships between a company’s management, its board, its shareholders, and all its stakeholders. Corporate Governance also provides structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. Corporate Governance is a critical element of any business and or entity, and in Nigeria, it’s even more important. Despite the country’s immense economic potential and its vast natural resources, Nigeria’s corporate governance practices still lag behind many of its peers in Africa and the world at large.