Business Law

The Functional Stakeholder Model represents a significant and original contribution to contemporary corporate governance discourse in Africa. The book succeeds in reframing how corporate governance can be conceptualised and implemented in institutionally challenging contexts, offering a compelling alternative to governance transplantation narratives. By grounding its analysis in African regulatory realities, the book provides a strong foundation for ongoing scholarship and policy engagement. It is therefore strongly recommended to scholars of corporate governance, banking regulation, and African development, as well as practitioners and policymakers seeking context-sensitive approaches to governance reform.

This paper provides a comprehensive scholarly and evaluative overview of Victor Ediagbonya’s Corporate Governance in Africa, highlighting its central arguments, methodological strengths, theoretical contributions, and significance as an important contribution to knowledge in corporate governance, banking regulation, and African political economy.

Research on corporate governance is frequent and covered by many disciplines including of course law and, in many cases, interdisciplinary. What is not frequent however, is an investigation into corporate governance in the African region specific to industry sectors. This is an important gap that needed to be filled, and Dr Ediagbonya is one of the first scholars to commence filling it. His book, Corporate Governance in Africa, is a region specific and industry specific investigation on an appropriate and reliable corporate governance framework which is both stable, yet adaptable for the peculiarities of the region.

This book is an excellent contribution to the analysis of corporate governance frameworks from emerging countries. It analyses a timely issue of corporate governance in the banking industry of two African countries, Nigeria and South Africa, with some of the largest economies based on gross domestic product (see the introduction). The banking sector in Africa is a sector of significant growth, although significantly concentrated. McKinsey insights points out that ‘performance in Africa’s banking system is driven by a diverse mix of markets, each with its own unique strategies and challenges.

This Symposium is dedicated to a critical engagement with Corporate Governance in Africa, a timely and significant contribution to the growing body of scholarship on governance across the continent. The book provides a nuanced exploration of the legal, institutional, and practical dimensions of corporate governance in diverse African jurisdictions, offering insights that are both contextually grounded and theoretically informed. This symposium brings together scholars to reflect on, interrogate, and extend the arguments advanced in this book.

To mark the 2021 International Women’s Day themed #Choose to Challenge, Afronomicslaw.org celebrates Professsor Olufunmilayo Arewa’s brilliant contributions to Transactional Law and Intellectual Property Law. Murray H. Shusterman Professor of Transactional and Business Law at Temple University Beasely School of Law, Professor Arewa has worked as a consultant on various projects, including engagements relating to education and scientific and technological capacity in Africa. She was also the lead consultant on a project examining the feasibility of establishing a venture capital fund in the Eastern Caribbean.