One of Africa’s leading Business experts, Adedipupo Osinloye, has said Corporate Governance is essential for organizational success in the entertainment business.
Adedipupo further stated that perhaps one of the most important principles of Corporate Governance is the recognition of shareholders. “Secondly, from the basic recognition of shareholders’ importance follows the principle of responsibility to shareholders. The policy of allowing shareholders to elect a board of directors is critical. The board’s ‘prime directive’ is always to seek the best interests of shareholders.”
According to Adedipupo, one of the biggest purposes of Corporate Governance is to set up a system of rules, policies, and practices for an entertainment company – in other words, to highlight accountability. Mr.