What is Good Corporate Governance? Corporate governance refers to the way in which companies are governed. It is concerned with practices and procedures for trying to ensure that a company is run to enable it fulfill its mission and goals whilst having cognizance of the interest of various stakeholders of the company. A major goal […]
Read MoreIntroduction The term “value added services” refers to options that complement a core service from a company but are not as vital, necessary or important. Value added services are often introduced to customers after they have purchased the core services around which these ancillary services are built. This term is used in many industries, most […]
Read MoreFinancial Reporting Council The Financial Reporting Council Act, 2011 (FRC Act) which was signed into law in July, 2011 established the Financial Reporting Council of Nigeria (the FRC). Amongst its functions, it was charged with the responsibility to: to develop and publish accounting and financial reporting standards to be observed in the preparation of financial […]
Read MoreThe position of the Company Secretary is created by the law in sections 293 -298 of Companies and Allied Matters Act (CAMA) 2004, which provides for the appointment and functions of the company secretary. While there is no requirement for directors who have responsibility for the corporate governance of companies to be experts at law, […]
Read MoreA Stakeholder has been defined as any party that is committed financially or otherwise to a company and is therefore affected by its performance. This would normally include shareholders, employees, management, customers and suppliers. Their interests do not always coincide, and in fact they may be in conflict with each other.1 In practice, Companies often […]
Read MoreThe Annual General Meeting (AGM) is the formal occasion at which the Board reports on the affairs and activities of the Company and the manner in which the Board has acted on behalf, and in the interests of the Company’s members. The AGM is an important event for every Company and it gives its members, […]
Read MoreIntroduction Brief history Benefits of good corporate governance practice Implications of poor corporate governance practice Overview Corporate Governance has been defined as the system by which companies are directed and controlled – Cadbury Report 1992. Corporate Governance encompasses practices and procedures to ensure that a company is managed in such a way that it achieves […]
Read MoreA common problem faced by families upon the demise of a loved one is the disposition of the assets of that person. The absence of a Will can result in lengthy and often acrimonious dispute. This write up is premised upon an appreciation of the frailty of the human life and the importance of providing […]
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