Information Disclosures and Transparency in Corporate Governance in Nigeria
Branson, Virgin Group reputations at the centre of $250 million London court clash
Internal Virgin emails revealed in a $250 million London lawsuit on Monday suggest that British billionaire Richard Branson's residency in a tax haven dealt a severe blow to the reputation of Virgin Group. This damaging revelation came at a time when Virgin Atlantic, a UK-based airline, was seeking a government bailout amidst the pandemic.
Tinubu reviews Finance Act 2023, signs 4 Executive Orders
On Thursday, 6th July, President Bola Tinubu took the initiative to sign four distinct Executive Orders, each serving a specific purpose. One of these orders involves the suspension of the 2023 Finance Act, deferring its commencement date from May 28, 2023, to September 1, 2023...Continue Reading
unction: X-raying the
ole of Independent Non-Executive Directors
Beyond their traditional monitoring and controlling function, Independent Non-Executive Directors (INEDs) play a vital role in corporate governance by bringing a diverse range of skills, expertise, and independent judgment to the boardroom. Here are some key aspects that highlight the significance of INEDs in corporate governance:
US SEC charges window maker View, Ex-CFO over accounting fraud
The U.S. Securities and Exchange Commission (SEC) filed charges against View Inc (VIEW.O), a manufacturer of "smart" windows that adjust their tint based on sunlight, as well as its former chief financial officer. The charges stem from allegations of understating the costs associated with replacing faulty windows, which ultimately led to a restatement of financial statements.
Fostering Long-Term, Multi-Stakeholder Orientation in the ESG Discourse in Nigeria: The Role of Governance Frameworks
To drive a long-term, multi-stakeholder orientation in the Environmental, Social, and Governance (ESG) discourse in Nigeria, several governance frameworks are needed. These frameworks should promote sustainable practices, enhance transparency, and encourage active engagement among various stakeholders. Here are some essential governance frameworks that can help achieve these objectives: