Document background
The Operating Agreement For Corporation serves as the foundational document for corporate governance under Nigerian law, particularly aligned with the Companies and Allied Matters Act (CAMA) 2020. This document is essential when establishing or restructuring a corporation in Nigeria, providing comprehensive guidelines for corporate operations, management structure, and stakeholder relationships. It details critical aspects such as share capital structure, management responsibilities, voting rights, financial management procedures, and dispute resolution mechanisms. The agreement is particularly important for ensuring compliance with Nigerian corporate law while establishing clear operational procedures and protecting shareholder interests. It should be customized to reflect specific business needs while maintaining compliance with Nigerian regulatory requirements.
