CORPORATE GOVERNANCE AND CORPORATE STAKEHOLDERS: A COMPARATIVE ANALYSIS OF THE LAWS IN NIGERIA AND AUSTRALIA

dc.contributor.authorJIBRIL-ALIYU, ZAYNAB TITILOPE
dc.date.accessioned2024-06-04T10:48:46Z
dc.date.available2024-06-04T10:48:46Z
dc.date.issued2022-12
dc.description.abstractCorporate governance is an important feature of any developed or developing economy. In recent times, it has become an integral form of regulation for companies, and stakeholders as they manage the growing influence of corporate bodies on culture, consumption, lifestyle, goods and services of and for the society. However, there is significant debate on what should take primary influence on corporate governance direction, between the stakeholders or the shareholder approach. This dissertation sought to investigate these questions with a view to proffering answers on the state of stakeholder considerations under Nigerian laws, flaws of Nigerian corporate governance when placed against international standards and lessons adaptable from the Australian framework within the Nigerian corporate environment. The research is conducted using the doctrinal qualitative method involving collection of findings available in laws, regulations, journals, online repositories and publicly available secondary sources. The research also adopts a qualitative review of these assessable resources including the OECD framework to properly assess in the right contexts the status of Nigerian corporate governance. This thesis finds that there are significant gaps in the Nigerian legal framework in relation to stakeholder recognition in corporate decisions compared to the Australian system. There was significant support for shareholder primacy against stakeholder considerations and disclosure regimes are arbitrary not meeting the ideals of free market economies or slightly liberal approaches that takes the comply or explain routes to low-risk compliance obligations. The research recommends a review of the Nigerian corporate governance framework to address these issues. Overall, this thesis concludes that the stakeholder theory is the best approach to corporate governance, and a proper implementation of this is crucial for the future of Corporate Governance in the country. This research is important as it properly outlines the current weaknesses of the Corporate Governance regime in Nigeria, which will greatly inform policy, as well as influence future discuss and research in the field.
dc.identifier.citationKate Turabian
dc.identifier.otherL.LM
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/437
dc.language.isoen
dc.publisherLead City University
dc.relation.ispartofseriesL.LM
dc.subjectNigerian Corporate Governance
dc.subjectStakeholder Recognition in Law:
dc.subjectDisclosure Regimes
dc.subjectStakeholder Theory:
dc.subjectCorporate Governance Reform:
dc.subjectPolicy & Regulatory Influence
dc.subjectLAWS IN NIGERIA AND AUSTRALIA
dc.titleCORPORATE GOVERNANCE AND CORPORATE STAKEHOLDERS: A COMPARATIVE ANALYSIS OF THE LAWS IN NIGERIA AND AUSTRALIA
dc.typeThesis

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