Distinguished legal practitioner and corporate law expert, Oyetola Muyiwa Atoyebi, SAN, FCIArb (U.K), Notary Public, has published a thought-provoking legal analysis titled “Behind the Veil and Beyond the Age: Analysing the Legal Capacity of Infants and Corporate Entities as Shadow Directors under CAMA 2020.”
Read the full article here:
In the article, Atoyebi explores the evolving concept of shadow directorship under the Companies and Allied Matters Act (CAMA) 2020, highlighting how modern corporate governance extends beyond formally appointed directors to encompass individuals and entities that exercise real influence over a company’s affairs from behind the scenes.
The publication examines the legal question of whether infants and corporate entities possess the legal capacity to qualify as shadow directors under Nigerian law. It analyses the statutory framework governing shadow directorship, the legal capacity of minors, the recognition of corporate entities as potential shadow directors, and the scope of the professional advice exception under CAMA 2020.
Beyond the statutory analysis, the article discusses the broader implications for fiduciary obligations, corporate liability, conflicts of interest, and the promotion of transparency, accountability, and sound corporate governance within Nigeria’s corporate landscape.
Anchored on the enduring legal maxim, Qui facit per alium facit per se (“He who acts through another acts himself”), the publication provides valuable insights for legal practitioners, corporate advisers, regulators, academics, and business leaders seeking a deeper understanding of the realities of corporate control under contemporary Nigerian company law.
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