Various financial scandals have brought to the fore the need to ensure effective corporate governance. On a global scale, we have witnessed developments in international corporate governance, which have consistently highlighted the commonalities, and differences in corporate practices adopted. There is increasing effort on an international level for corporate governance standardisation, in order to ensure consistent practices across the board, reduce cost of capital for Multinational Companies (MNC’s) and increase cross boarder institutional investment. The Corporate Governance module focuses on and critiques the different approaches to corporate governance taken in various jurisdictions. Despite the different forms of company law and differing rules about listing on the stock exchange in the various jurisdictions, most of the studies and reports about corporate governance are consistent in identifying the characteristics of good corporate governance. That is, everyone knows what good governance comprises; its characteristics are consistent across jurisdictions. What may vary across different jurisdictions and industries, and even across different companies, are their governance practices and the extent to which the companies practice good governance.
structure a detailed research project on the following Question:
i) Carry out a comparative analysis of the similarities, differences and effectiveness of the corporate governance codes and legal rules and practices adopted in the countries identified.
ii) You should critically assess your country’s (Nigeria’s) corporate governance codes, legal rules and practices and compare the approach adopted with that adopted by another country’s (UK) governance codes and legal rules .
iii) You should also identify the strengths and weaknesses of the practices and explore obstacles, which need to be overcome in order to improve corporate governance.