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Corporate Governance In Nigeria Essay

878 Words4 Pages

Comparison between India & Nigeria

S – SOCIAL FACTORS

Nigeria India
1.POPULATION
Nigeria current population is estimated to be 17, 66, 01,299 India current population is estimated to be 1300218878

2 LABOUR AND SOCIAL MOBILITY
- 70% Nigerians live below poverty line -30% of the Indians live below poverty line
- Labour mobility among female employees can be expected to have different characteristics from that of male employees due to family commitments, children and other social factors. - the Scheduled Castes and Scheduled Tribes (SC/STs). SC/STs were historically economically backward, mostly very poor, concentrated in low-skill (mostly agricultural) occupations and primarily rural.
3 FAMILY AND LIFE STYLE CHANGES
- Nigeria families …show more content…

Legal and capacity building as well as the rule of law, should be at the heart of corporate governance. Indian corporate governance model is drawn from the Anglo-Saxon governance model. The investing base in the Indian corporate market, is largely consisting of the company founders, their respective family members and the government.
2 LAW AND POLICY competition law exists to protect the individual and business and if a country subjects itself to fair trading which stimulates a vibrant and healthy economy. Law of India refers to the system of law in modern India. India maintains a common law legal system inherited from the colonial era and various legislations first introduced by the British are still in effect in modified forms today.
3 TAXATION
25% on profit exemption upto 160000/- 30% on profit exemption up to 250000/-
E-ETHICAL
The ethical means Equitable, fair, which deals with people which conform to self-imposed high standards of public conduct. Once practically interchangeable with 'moral, ' has acquired quasi-legal connotations which moved closer to 'legitimate

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