Article By Damilola Adetunji & Jide
Babalola
Corporate governance is considered to be the mainstay of modern
day entrepreneurship. Issues have over the last few years arisen
which have made it imperative for various jurisdictions to issue
laws/codes to better regulate/enforce the management of public
companies i.e. the Sarbanes Oxley "SOX" Act (US), the
Combined Code of Corporate Governance (UK), King Report I & II
(South Africa) etc. It is clear that the importance of strong
corporate governance cannot be overemphasized, as weak governance
has led to the collapse of hitherto vibrant companies all over the
world, Nigeria inclusive. Indeed, several commentators have linked
the recent failures in the Nigerian banking system to the weakness
of the corporate governance regime.
