An evaluation of the limitations of the corporate governance codes in preventing corporate collapses in Nigeria

Abstract

The drive for monetary success has the tendency for corporate executives to exploit and/or disregard regulatory controls for the sake of financial gain. This research evaluates the limitations of the corporate governance codes in Nigeria in preventing collapses. A background into the development of corporate governance in Nigeria is evaluated. Furthermore, the Nigerian corporate governance frameworks, its implementation, challenges and effectiveness would be assessed. The qualitative research method was employed to collect information. Descriptive data and critical analyses methods are used to compare the corporate governance codes.