The Nigerian Corporate Governance Challenge: Inadequacy of Laws or Question of Enforcement?
Bibliographic record
Abstract
The unexpected collapse of prominent companies like WorldCom and Enron led many countries to pay attention to corporate governance. In a bid to forestall future collapses, regulators across the world often take steps to review extant laws. In particular, developing economies like Nigeria are now cognizant of the importance of corporate governance and are making efforts to develop a framework that will stand the test of time. Despite this staunch resolution, Nigeria is not making substantial economic progress. Critics have argued that Nigeria's corporate laws and governance codes are inadequate and cannot produce the desired results. There is, therefore, a need to further explore this concern, and this article seeks to do so by undertaking an appraisal of Nigeria's corporate governance framework through a comparative analysis with that of Canada. The aim is to ascertain if the main challenge is one of inadequacy of laws or of implementation and enforcement.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.004 | 0.007 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.002 |
| Science and technology studies | 0.004 | 0.013 |
| Scholarly communication | 0.007 | 0.005 |
| Open science | 0.000 | 0.001 |
| Research integrity | 0.002 | 0.002 |
| Insufficient payload (model declined to judge) | 0.001 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".