Professor Joseph Abugu,Editor-in-Chief, The Gravitas Review of Business & Property Law and Head of Department, Commercial & Industrial Law, University of Lagos in his article “Reforming the Law on Audit Committees in Nigeria” against the background of the proposed bill for the reform of the Companies and Allied Matters Act 2017, explores the murky waters of composition and responsibilities of audit committees and delineates the distinction between the Statutory audit committee and a Board audit committee, underscoring the legal basis for each and their differing roles and responsibilities. He concludes with an analysis of the audit committee regulatory regime in the UK, US and Canada for comparative insight.

Samuel Ojogbo of the Faculty of Law, Benson Idahosa University, Benin City in “Minority Members in Public Companies in Nigeria: What Manner of Membership” discusses the rights and powers of minority members of a Nigerian public company and argues that the rights of minority members are tenuous. He contends that the powers in a Nigerian listed company are in reality shared between the majority members and the board of directors. He posits that only the majority members with their insider knowledge and control of the corporation’s wealth and activities  may properly be called the owners while the minority members, the so-called ‘corporate outsiders’, just make up the numbers. He concludes that the rights granted under section 300 of CAMA amount to little, as insider knowledge which a minority member lacks, is required to trigger the rights.