This was disclosed at the maiden edition of the Corporate Governance and Enterprise Development Conference organised by Founder of H. Michael & Co, Dr. Adeyinka Hassan.
Hassan noted that more than 100 companies in Nigeria have fizzled out due to corporate failures. According to him, “there are companies we knew when we were growing up that are no more. We heard of Leventis in those days, Kingsway, Bata. Where are they now? They are all gone, due to lack of a well-structured board and lack of good corporate governance.”
She said: “Mine is a family business and we have been in business for 38 years. My husband decided that the company would be a way of giving back to society. So, at The Guardian, we have done up to 90 per cent, if not 100 per cent of corporate governance.
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