CORPORATE GOVERNANCE FRAMEWORK FOR MICRO, SMALL, MEDIUM SCALE ENTERPRISE IN NIGERIA: A NECESSITY?

Abstract

Corporate governance enables business systems that operate independently from their proprietors. Through generations, a good corporate governance structure assures sustainability beyond the business owner. The tenets of responsibility, accountability, and transparency are central to corporate governance. Although the current corporate governance framework in Nigeria is specifically for private, public companies, the question comes to mind as to if corporate governance is relevant to micro, small and medium scale enterprises (MSMEs)? on one hand ,and if there is a legal framework for corporate governance micro, small medium enterprises in Nigeria? This article seeks to evaluate the corporate government framework for MSMES in Nigeria and If having such corporate governance framework will contribute immensely to the growth of enterprise governance in Nigeria.; to promote ethical and best practices in building business integrity and standards in the MSMEs ecosystem in Nigeria.