Title: An Appraisal of the Duties of Directors of a Public Company in Nigeria
Abstract: This article considers the duties imposed by law and sound principles of corporate governance that directors of a company should adhere to. It posits that it is 'in the best interest' of a public company that directors should not only discharge their duties dutifully, as required under the law, but also act 'conscientiously,' in accordance with sound principles of corporate governance. The article asserts that the Securities and Exchange Commission (SEC) Code of Corporate Governance for Public Companies (SEC Governance Code) is not intended as a rigid set of rules, but as a guide to facilitate sound corporate practices and minimum standards of corporate governance expected particularly of public companies with listed securities. The responsibility for ensuring compliance with the principles and provisions of the SEC Governance Code lies primarily with the Board of Directors.
Publication Year: 2017
Publication Date: 2017-03-27
Language: en
Type: article
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