Document background
The Non Executive Director Agreement is a fundamental governance document used when appointing independent directors to a company's board in Nigeria. It establishes the legal framework for the relationship between the company and its Non-Executive Director, ensuring compliance with the Companies and Allied Matters Act (CAMA) 2020 and corporate governance requirements. The agreement covers essential aspects such as appointment terms, duties, remuneration, independence criteria, and confidentiality obligations. This document is particularly important in the Nigerian business context, where there is increasing emphasis on corporate governance, board independence, and transparent business practices. It helps companies demonstrate compliance with regulatory requirements while providing clear guidelines for the role and responsibilities of Non-Executive Directors.
