Full Description
This book provides a critical analysis of the enforcement regime for breach of directors' duties in sub-Saharan Africa. Focusing on Nigeria, Kenya, Ghana, and Tanzania, it interrogates the current 'state of play' regarding the enforcement of directors' duties in sub-Saharan African countries.
The book examines the effectiveness of enforcement, the reasons for its successes or failures and how it might be improved in these countries. Finally, taking into consideration the specific socio-cultural context of the countries in question, it offers persuasive and practical avenues for reform.
This book will be of interest to scholars and practitioners of comparative corporate law and corporate governance in Africa.
Contents
PART 1: The Theoretical Framework 1. Background to Study: Agency Problem and Agency Costs 2. Enforcement in Corporate Law: Justification and Theoretical Underpinnings 3. Directors: Role, Powers, and Duties PART 2: Enforcement of Directors' duties in Sub-Saharan Africa 4. The Corporate Enforcement Regime in Sub Saharan Africa 5. Comparative Study of the Statutory Derivative Actions Regime in Sub-Saharan Africa 6. The Private Enforcement Regime in Sub-Saharan Africa: Weaknesses and Shortcomings 7. Enforcement Practices from Outside the Continent: The UK And Australian Case Study 8. Fixing the Leaking Roof of Enforcement in Sub Saharan Africa: A Case for Public Enforcement
