Is there a right corporate governance framework for Nigeria?

by Soji Apampa for BusinessDay

In developing an appropriate corporate governance framework, should Nigeria copy international paradigms that may or may not fit our context? Should we borrow wholesale the rules-based or principles-based approaches to corporate governance or would we be better off developing our own unique response based on lessons from these international approaches?

The role of sound corporate governance practice in creating market transparency and efficiency is undeniable; however, there is currently on-going debate around the world regarding what the optimal corporate governance framework is. Is the right framework the rules-based framework as practiced in the United States or the principles-based framework as practiced in the United Kingdom or a hybrid of the two?  And if a hybrid is the answer, where along the spectrum should it lie? Read more here.

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