It is important to note that non-executive Directors can be told apart from the former based on the fact that they do not have contracts of employment with the shareholders (owners) of the company and do not have fixed salaries, unlike their executive colleagues. They are paid based on any amount agreed by members of the company at the annual general meeting through a resolution. A company speaks and expresses its opinion through resolutions.
The following are some of the reasons why it’s legally beneficial to have a Business outfit incorporated by a Foreign investor in Nigeria whereby the Liability (profit or loss) of Members are Limited to the exact number of shares owned by such individual
Excerpts from Pastor Poju Oyemade’s Introductory Speech to be given @ The Platform 2nd October…