Improving member's participation in the annual general meeting under Nigerian corporate law

Members of a company have the rights to receive notice and participate in Annual General Meeting (AGM). However, various challenges affect members’ participation in the AGM in Nigeria. These include delay in receiving notices of meeting; difficulty in accessing the place of AGM; lack of recognition...

Full description

Saved in:

Bibliographic Details
Main Author:	Shamsuddeen, Magaji
Format:	Thesis
Language:	eng eng eng
Published:	2018
Subjects:	K Law (General)
Online Access:	https://etd.uum.edu.my/8826/1/s901279_01.pdf https://etd.uum.edu.my/8826/2/s901279_02.pdf https://etd.uum.edu.my/8826/3/s901279_references.docx
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.8826
record_format	uketd_dc
spelling	my-uum-etd.88262021-11-16T03:01:21Z Improving member's participation in the annual general meeting under Nigerian corporate law 2018 Shamsuddeen, Magaji Yaacob, Nurli Mohamed Yusoff, Zuryati Ghazali Shafie Graduate School of Government Ghazali Shafie Graduate School of Government K Law (General) Members of a company have the rights to receive notice and participate in Annual General Meeting (AGM). However, various challenges affect members’ participation in the AGM in Nigeria. These include delay in receiving notices of meeting; difficulty in accessing the place of AGM; lack of recognition of information and communication technology (ICT) use in sending notices of meeting; and inadequate remedies. This study seeks to examine various laws, cases, rules, codes of corporate governance and the opinions of experts relating to member’s participation in the AGM which are rights to receive notice of AGM; member’s remedies; and the application of the ICT in the AGM. The study adopts doctrinal and comparative research methodology. The doctrinal aspect is library based complemented by seventeen semi-structured interviews, while the comparative aspect involves reference to relevant company law provisions in Malaysia. The analysis of data employs doctrinal, comparative and thematic. The findings indicate that poor postal services, inability of the members to update their current addresses, and limited circulation of notices published in newspapers are part of the reasons that result to delay in receiving notices of AGM. Similarly, the practice of holding the AGM at the states where the corporate head office is situated becomes a constraint for members in accessing the place of meeting. Furthermore, member’s awareness regarding their rights, remedies and enforcement is low. In addition, the Companies and Allied Matters Act 1990 has no provisions that recognize the use of ICT in AGM. To improve on this, the law must be reformed in such a way that members would receive notices of AGM on time and recognised the application of the ICT in the AGM. The law must also make upward review of all the monetary fines to sanction violation of member’s rights. Similarly, management, shareholder executives and regulators must enlighten members regarding their rights, remedies and how to enforce the remedies. 2018 Thesis https://etd.uum.edu.my/8826/ https://etd.uum.edu.my/8826/1/s901279_01.pdf text eng public https://etd.uum.edu.my/8826/2/s901279_02.pdf text eng public https://etd.uum.edu.my/8826/3/s901279_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Yaacob, Nurli Mohamed Yusoff, Zuryati
topic	K Law (General)
spellingShingle	K Law (General) Shamsuddeen, Magaji Improving member's participation in the annual general meeting under Nigerian corporate law
description	Members of a company have the rights to receive notice and participate in Annual General Meeting (AGM). However, various challenges affect members’ participation in the AGM in Nigeria. These include delay in receiving notices of meeting; difficulty in accessing the place of AGM; lack of recognition of information and communication technology (ICT) use in sending notices of meeting; and inadequate remedies. This study seeks to examine various laws, cases, rules, codes of corporate governance and the opinions of experts relating to member’s participation in the AGM which are rights to receive notice of AGM; member’s remedies; and the application of the ICT in the AGM. The study adopts doctrinal and comparative research methodology. The doctrinal aspect is library based complemented by seventeen semi-structured interviews, while the comparative aspect involves reference to relevant company law provisions in Malaysia. The analysis of data employs doctrinal, comparative and thematic. The findings indicate that poor postal services, inability of the members to update their current addresses, and limited circulation of notices published in newspapers are part of the reasons that result to delay in receiving notices of AGM. Similarly, the practice of holding the AGM at the states where the corporate head office is situated becomes a constraint for members in accessing the place of meeting. Furthermore, member’s awareness regarding their rights, remedies and enforcement is low. In addition, the Companies and Allied Matters Act 1990 has no provisions that recognize the use of ICT in AGM. To improve on this, the law must be reformed in such a way that members would receive notices of AGM on time and recognised the application of the ICT in the AGM. The law must also make upward review of all the monetary fines to sanction violation of member’s rights. Similarly, management, shareholder executives and regulators must enlighten members regarding their rights, remedies and how to enforce the remedies.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Shamsuddeen, Magaji
author_facet	Shamsuddeen, Magaji
author_sort	Shamsuddeen, Magaji
title	Improving member's participation in the annual general meeting under Nigerian corporate law
title_short	Improving member's participation in the annual general meeting under Nigerian corporate law
title_full	Improving member's participation in the annual general meeting under Nigerian corporate law
title_fullStr	Improving member's participation in the annual general meeting under Nigerian corporate law
title_full_unstemmed	Improving member's participation in the annual general meeting under Nigerian corporate law
title_sort	improving member's participation in the annual general meeting under nigerian corporate law
granting_institution	Universiti Utara Malaysia
granting_department	Ghazali Shafie Graduate School of Government
publishDate	2018
url	https://etd.uum.edu.my/8826/1/s901279_01.pdf https://etd.uum.edu.my/8826/2/s901279_02.pdf https://etd.uum.edu.my/8826/3/s901279_references.docx
_version_	1747828468586905600

Improving member's participation in the annual general meeting under Nigerian corporate law

Similar Items