Last October the Financial Reporting Council published the new National Code of Corporate Governance, consisting of three separate codes: one for the private sector; one for not-for-profit entities; and one for the public sector. The not-for-profit code proved controversial and the FRC has now confirmed that the Code has been suspended following a directive from the Federal Government; a new Executive Secretary/Chief Executive Office of the FRC has also been appointed: see here.
Tuesday 24 January 2017
Nigeria: suspension of the national code of corporate governance
Last October the Financial Reporting Council published the new National Code of Corporate Governance, consisting of three separate codes: one for the private sector; one for not-for-profit entities; and one for the public sector. The not-for-profit code proved controversial and the FRC has now confirmed that the Code has been suspended following a directive from the Federal Government; a new Executive Secretary/Chief Executive Office of the FRC has also been appointed: see here.
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