1. SEC Discontinues Rotation of Directors within Group of Companies The Securities and Exchange Commission (“SEC” or “Commission”) is empowered by Section 355(1)(r)(iv) of the Investments and Securities Act (ISA) 2025 to prescribe corporate governance standards for regulated entities. The section provides as follows: 355 (1) The Commission shall make rules and regulations for the purpose of giving effect to the provisions of this Act and shall in particular and without prejudice to the provisions, make rules and regulations which may include the underlisted and other incidental matters … … (r) without prejudice to the provisions of any law, specifying … Continue reading CHANGES IN NIGERIAN LAW ON DIRECTORSHIP & CHAIRMANSHIP OF CAPITAL MARKET OPERATORS AND PUBLIC COMPANIES