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Exploring the Requirement of Capital Adequacy and Bank Stability in Nigeria
0₦2,500.00Dr Chinenyeze Amaechi of the Faculty of Law, Imo State University, Owerri in his article “Exploring the Requirement of Capital Adequacy and Banking Stability in Nigeria” explores the world of bank failures beyond capital adequacy. He argues that in spite of the fact that Nigerian banks have been implementing capital standards that are above the Basel minimum requirements, bank failures are still threateningly close due to inadequate regulatory measures, high rate of non-performing loans and corporate governance failures. He contends that the macroprudential and stabilising impact of the Asset Management Corporation of Nigeria, AMCON, in mopping up banks’ toxic loans has been blighted by controversies surrounding transparency issues and in leaving rescued banks without working capital.
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The Changing Status of Employees in Modern Corporate Governance
0₦2,500.00Dr Kathleen Okafor, Head, Department of Property & Commercial Law, Baze University, Abuja examines “The Changing Status of Employees in Modern Corporate Governance». She posits that modern corporate governance has seen greater cooperation and symbiosis between labour and capital which has accommodated the realities of employees’ financial and non-financial interest of co-ownership, co-determination, and co-influence. She explores the different areas of employees’ involvement in corporate governance and concludes that the pivotal role of labour in the wealth of corporations requires that the corporate success must trickle down for sustainable development of corporations and local communities.
