Corporate Law Shareholders' Control of Corporate Management in Nigeria (Paperback) (ISBN-13: 9783659720819)

This research work appraises shareholders' control of corporate management in Nigeria.The justification for it lies in the need for shareholders to have authority to take decisions that affect their property and check management inadequacies.Traditional company law principles seek to prevent fraud against the shareholders and are pervaded by the philosophy of disclosure and publicity.Like most of the doctrines that emerged from the history of English company law, it was pre-occupied by shareholders' protection rather than shareholders' control.The device of the corporation marks a distinction between the shareholders and the company and provides a basis for the allocation of powers to the shareholders and Board of Directors, the two organs of management.In this connection, shareholders' control is determined by the relation between the two organs of management. Despite the enormous powers that are vested in the Shareholders in General Meeting, shareholders exercise weak control.It is recommended a change in the structure of management by creating a two-tier representative board system, under which there should be a non-executive supervisory board to be appointed by the shareholders.

Author: Badaiki Dominic Afeisimi
ISBN-10: 365972081X
ISBN-13: 9783659720819
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 07/21/2015
Pages: 564
Format: Paperback
Weight: 1.80lbs
Size: 9.00h x 6.00w x 1.26d