Enhancing Board Effectiveness

2Principles of Corporate Governance and Effective Boards

Folajimi Ashiru, Franklin Nakpodia and Emmanuel Adegbite

Introduction

This chapter examines an important instrument for corporate governance that is the corporate board. Corporate governance continues to evolve even though its practice remains tied to the dated legal concept of the firm (Tricker, 20 15). The collapses among corporate firms, the cyclical financial crisis, the financial incentive of contemporary investors, globalisation concerns and more recently, the technological advances in audit and assurance have all combined to necessitate good corporate governance practices by firms. This explains the increased prominence of corporate governance in the last three decades (Tricker, ...