Cross-Cutting Issues In Corporate Governance

CONCLUSION

Corporate governance in Nigeria, as in the advanced, emerging and other developing countries of the world, is an evolving and dynamic concept. The process of building good corporate culture will continue to attract debates and contributions from various stakeholders until a generally accepted model is attained. Our past experiences of widespread distress in the banking industry and the stock market, linked to unethical insider-related dealings, unhealthy speculation and excessive risk taking; have all made the adoption, compliance and regulation of effective corporate governance regimes necessary for Nigeria. This is even more imperative as the government encourages domestic investors and also seeks to attract foreign (direct & portfolio) investors into the country. Regulators, corporate entities with their managements and boards, shareholder groups and other professional bodies must all put their hands on the plough.

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