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According to a statement from the management of the Institute, obtained by the Tribune Business, “leaders from both private and public sectors in the country are tremendously inquisitive to induce resolutions so as to balance the economy, for according to the World Bank's Doing Business and World Economic Forum's on Global competitive reports in 2005-2010 in respect to Nigeria, performance across indicators showed deterioration in all except a stagnant record in trading across borders and contracts enforcement which in other words,
is a signal of depreciation in our economy as a result of poor rated entrepreneurship and commerce within the country”.
not enough for corporate governance codes to provide for disclosure of obligations of the CAMA, adding that there was need to take adequate steps to ensure shareholders have access to information.
“An example will be to compel corporations to provide all necessary information on their official website,” he said.
Nwuche noted that it was rather unfortunate even in modern times shareholders are still not properly informed in the administration of their companies.
“The annual reports and accounts of companies don’t contain sufficient information or omit vital information that can influence an investors decision. I recommend that statutory provisions on annual report be reviewed.Share