Regulatory Alerts2008-08-06
20090408210018code Of Conduct For Shareholders Associations In Nigeria
This Code establishes mandatory operational and ethical standards for registered Shareholders' Associations to ensure transparency and corporate governance compliance. Associations must maintain audited financial records, file regulatory returns, and restrict leadership tenures to a maximum of two three-year terms to prevent entrenchment. Shareholders are strictly prohibited from attending general meetings of companies in which they do not hold shares and must prioritize the efficacy of internal control systems within their investee companies.
Share