COMPARATIVE ANALYSIS OF CORPORATE GOVERNANCE TRENDS IN THE UNITED KINGDOM, UNITED STATES OF AMERICA, AND NIGERIA

Abstract

This paper examines recent developments in the legal foundations of corporate governance in the United Kingdom, the United States, and Nigeria, alongside the institutional frameworks and enforcement mechanisms. It analyses the influence of key governance instruments, both within and outside Nigeria, reflecting efforts to align with these international standards.However, governance failures and weak regulatory enforcement mechanisms continued to limit effective compliance. The paper adopts a doctrinal methodology by examining corporate governance laws, codes, and enforcement practices across the three jurisdictions. The paper also considers emerging trends such as enhanced disclosure obligations, increased board diversity, the growing relevance of environmental, social, and corporatereporting, and expanded shareholder participation. The paper recommends stronger enforcement mechanisms, improved regulatory capacity, clearer sanctions for non-compliance, and the selective adaptation of international best practices to Nigeria’s corporate and regulatory environment to enhance governance effectiveness.