CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years

…Sets cumulative tenure limit of directors of the same bank to 24 years The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum of 12 years from 10 years. This was disclosed in a circular on the new, “Corporate Governance Guidelines for Commercial, Merchant, Non-interest … [Read more…]