Corporate Leadership Failure and Its Implications for the consolidation of Corporate Governance and Accountability in Nigeria

Abstract

Leadership is at the centre of the successes and failures of corporate organization worldwide. In this paper, leadership is at the centre of corporate failures as exemplified by the failure of some banks and corporations in Nigeria. To avert failure occurrence, this paper recommends that regulatory agencies, Professional Associations/Bodies and Audit firms should be alive to their responsibilities by raising alarm before the harm is done, and where a corporate leader has failed as a result of his/her personal or selfish dealings, an appropriate commensurate punishment should be meted out to him or her, to serve as a deterrent. The analysis of this paper would be through the use of some secondary sources relevant to the theme of this paper.