Sources of corporate governance rules and practices 1 Primary sources of law, regulation and practice
What are the primary sources of law, regulation and practice relating to corporate governance? Is it mandatory for listed companies to comply with listing rules or do they apply on a ‘comply or explain’ basis?
The main sources of law relating to corporate governance are as follows:
- the Companies and Allied Matters Act 1990 (CAMA);
- the Investment and Securities Act 2007 (ISA);
- the Financial Reporting Council of Nigeria Act 2011 (FRCA).