THE ROLE OF LEGAL PRACTITIONERS IN MITIGATING CORPORATE RISKS IN NIGERIA: A COMPREHENSIVE REVIEW OF EXISTING LITERATURE ON THE STRATEGIES AND APPROACHES ADOPTED BY LEGAL PRACTITIONERS IN NIGERIA TO MITIGATE CORPORATE RISKS
DOI:
https://doi.org/10.51594/farj.v5i10.579Abstract
This comprehensive review aims to elucidate the pivotal role of legal practitioners in mitigating corporate risks within the intricate corporate landscape of Nigeria. The method involved a meticulous examination of existing literature, focusing on the legal frameworks, regulatory compliance, collaborative innovation, sustainability principles, education, and capacity-building initiatives, financial stability, infrastructure development, and proactive risk management strategies. The results revealed that legal practitioners are instrumental in shaping robust and dynamic legal frameworks and fostering a culture of adherence to legal and ethical norms. They play a significant role in fostering collaborative innovation, integrating sustainability into corporate governance practices, advancing education and capacity-building initiatives, and implementing effective risk management strategies. The conclusion underscores the indispensable and multifaceted role of legal practitioners in navigating the complexities of corporate governance and risk mitigation in Nigeria. Recommendations include strengthening legal frameworks, enhancing collaborative innovation, promoting sustainable corporate governance, advancing education and capacity building, fostering financial stability and infrastructure development, and implementing proactive risk management strategies. These recommendations are crucial for fostering a resilient, sustainable, and ethically sound corporate landscape in Nigeria
Keywords: Legal Practitioners, Corporate Risks, Corporate Governance, Risk Mitigation, Nigeria.
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Copyright (c) 2023 Julie Olajumoke Coker, Ngozi Samuel Uzougbo, Bisola Beatrice Oguejiofor, Onyinyechi Vivian Akagha
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