Here is the thing! Aliens visiting Nigeria today may think that Nigerians did not have businesses or corporations in the 1960s. Most of today’s successful companies commenced operations in the last three to four decades (or so). Most pre-independence era Nigerian-owned businesses are long dead. Only a handful of companies could weather the storms of the last six decades. Gone are the 1960s and 70s brands that dominated the various economic sectors: transportation, construction, fast-moving consumer goods, textiles, manufacturing, auto industry, etc.
Why were these businesses unable to transcend from the founders to the next generation? What were the challenges with corporate governance, wealth transfer and succession planning, investments and capital mobilisation, legal and regulatory challenges, etc?
Listen to industry leaders share their insights on how corporate governance principles and practices can help ensure Sustainability and Cross-Generational Wealth Transfer.”
Watch the video here, and share your thoughts in the comments section.
