simple majority decisions and shareholders, in general meetings, can overrule the directors and dismiss errant or non-performing directors. The governing document of all companies in Nigeria, the Articles of Association, can only be altered by the shareholders in general meetings. This gives them the overriding control to determine how companies operate. Establishment of Assets Management Company of Nigeria (AMCON): This Company was established in July 2010 as a key stabilizing and revitalizing tool to revive the financial system, by efficiently resolving the non-performing loan assets of the banks in Nigeria. It was designed to acquire Eligible Financial Assets (EBA) from Eligible Financial Institutions at a fair value and to put these assets to economic use in a profitable manner. Publication of 2011 Code of Good Corporate Governance: Government has taken cognizance of the rate at which shareholders’ associations are multiplying, and has taken time to address the issue through the Security and Exchange Commission 5.4.4 Nigerian employees are shielded from excessive or abusive actions by labour laws and Nigeria has very active Labour Unions under the umbrella of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) whose activities have, from time to time; brought erring corporations into line with legal requirements. The various Labour Unions have been negotiating collective bargaining agreements with employers for the protection of employees. Employers under such agreements are usually forced to the negotiating table or picketed into line when negotiations breakdown. The Ministry of Labour and Productivity also plays a mediating role between organized labour and employees in the public and private sectors. 5.4.5 The Consumer Protection Council (CPC) Act of 1992 provides ample protection for communities and consumers. The Council operates through State Committees established in the 36 states of the Federation. These state committees are empowered to require corporations to make enquiries based on complaints from individuals or communities on the activities of such corporations. Section 6(1) of the Act provides that “a consumer or community that 80