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The global corporate governance crisis in the past three decades and its attendant economic downturn has engendered a new drive towards strengthening governance structure in both developed and developing economies.
Whilst the ascendancy of the corporation as a major vehicle for national and trans-border investment is not in doubt, unprecedented corporate scandal has however beclouded the economic inttportance of the corporate form of business.
Though so much has written about governance problems and initiatives in advanced economies not much is known about the Nigerian experience. Looking back at the unprecedented scandal discovered in the banking sector book, Corporate Governance Framework in Nigeria: An International Review underscores the fact that regulations and institutions alone may not necessarily gusarantee best practices in the country.
Given the international nature of investment and economic relevance of corporations, it becomes imperative to revisit the corporate governance experience in Nigeria.