Management and Shareholders Corporate Relations: An Analysis of Independent Management in Nigeria

Both the Board of Directors and the Members of the General meeting possess roles in the running of a company. However, situations do arise when the actions of the controlling shareholders do tend to influence the decisions and actions of the management of the company.

To this end, this paper aims to examine the independent management of directors as regards the relationship between management and shareholders. In pursuit of this, this paper examines the roles of directors and shareholders towards the company and further examines independent management and the interest of shareholders, to determine where both concepts can be separated, and where they collide.

It is the aim of the paper that the readers understand the purpose and need for independent directors and the challenges in the practicability of true independence by this independent management or directors.