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Vol. XII Issue IX - September 2010
Project Management eJournal
FEATURED PAPER
Conceptual Framework for Corporate Governance in Nigeria – Challenges and Panaceas
By Habeeb A. Quadri; MSc Econs, MBA, PMP
PhD Program in Project Management
University of Maryland
USA
Abstract
This research paper reviews the conceptual framework of corporate governance in Nigeria and seeks to understand current best practice, the challenges, the failure and offered policy recommendations as panaceas for efficient implementation of empirically validated international corporate governance best practice in Nigeria. This paper identifies the underdeveloped nature of the Nigerian economy as a major obstacle to efficient functioning of corporate governance. Legally binding shareholders’ rights are undermined, members of boards of directors are randomly handpicked from a pool of cronies, and there is complete lack of transparency and disclosure in the system.
The existence of institutional regulatory framework in Nigeria is constrained with lack of enforcement mechanisms to properly implement laws and regulations on corporate governance best practice. Lessons learned are difficult to document for future reference which complicate resources allocation from the surplus areas of enforcement to deficit areas in the implementation process.
More…
To read entire paper (click here)
 About the Author Author
Habeeb Quadri, MSc, PMP, MBA, PhD (candidate), is a Harvard trained leader in corporate governance and a Wall Street alumnus with Big 5 Consulting experience.. Currently working on his PhD in Project Management Engineering at the University of Maryland in the United States, Habeeb is also Managing Partner for Haquad Group Inc. in Lanham, Maryland. He was previously Senior Vice President and Chief Financial Officer for the Thurgood Marshall College Fund (2004-2007), senior business analyst and financial controller for UBS Paine Webber (2001-2004), and senior manager/CFO advisor for Arthur Anderson (1996-2000), all of New York City. Previously in his career he was an economist for the World Bank and USAID in Nigeria and South Africa, and a procurement coordinator for ExxonMobil in Eket, Nigeria. He is an executive graduate of the International Corporate Governance and Leadership program at Harvard University (2010), has a PMI-RMP® Risk Management Professional certification and a project management professional (PMP®) certifications from the Project Management Institute (PMI®), holds an International Project Management Certification from the American Management Association, graduated from the Executive Graduate program in Project Management from New York University, and is a Chartered Economic Policy Analyst by the American Academy of Financial Management. He holds an MBA in Project Management from the University of Management & Technology, USA (2010), a MS in Economics from the University of Lagos, Nigeria (1996), and a BS in Economics from Ogun State University in Nigeria (1992). Habeeb Quadri can be contacted at hquadri@umd.edu. |
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