Tag: 2018
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Can a Non-Executive Director Become an Independent Director on the Same Board in Nigeria? What the Nigerian Code of Corporate Governance 2018 Says
Introduction Companies in Nigeria frequently consider reclassifying an existing Non-Executive Director (NED) as an Independent Non-Executive Director (INED) on the same board. The reasons are often practical: achieving quick compliance with board independence requirements, leveraging the director’s existing knowledge of the company’s business, saving recruitment time and costs, and avoiding the lengthy onboarding process for…