Introduction
Directors occupy a position of trust and authority within a corporate structure. In Nigeria, the law imposes on directors a set of obligations that transcend mere contractual duties. These obligations are fiduciary in character: directors must act in the best interests of the company, avoiding conflicts, exercising care and diligence, and ensuring that their decisions respect both statutory prescriptions and the public interest. This article examines the core fiduciary duties of directors under Nigerian law, the attendant risks and liabilities for breach, and practical compliance mechanisms for boards and individual directors.
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