KEY QUESTIONS ON APPOINTMENT & REMOVAL OF DIRECTORS IN NIGERIA

1. Who is a director under Nigerian law? Under Nigerian law, there are three (3) types of directors: the executive directors, the non-executive directors and the shadow directors.  Executive directors are those directors who are involved in the day-to-day management of the company’s business usually with departmental positions such as: Executive Director, Finance or Executive Director, Human Capital or Executive Director, Risk & Compliance, etc. A Managing Director of a company may also fall under this category of directors, though, he/she may also be named in the company’s register of directors as a non-executive director (which means he/she has double positions). The non-executive directors are … Continue reading KEY QUESTIONS ON APPOINTMENT & REMOVAL OF DIRECTORS IN NIGERIA