The problem In an earlier blog post, I wrote about the alarming value of unclaimed dividends in the country which was put at an estimated N60 billion naira (about US$360 million). (Please see Much ado about unclaimed dividends) The Securities & Exchange Commission (SEC) has been in search for effective ways to reduce the value … More A cutting-edge solution to the problem of unclaimed dividends in Nigeria
Photo credit: freedigitalphotos.net Introduction Independent directorship has gained considerable significance in modern corporate governance, especially in developed economies. A basic feature of corporate governance codes in most jurisdictions is the use of non-executive directors who are usually independent of management. The non-executive director is a member of the board who does not have any executive … More Is the independent director really independent?