CORPORATE GOVERNANCE AND SHAREHOLDERS’ DATA PROTECTION IN THE 21ST CENTURY

Abstract

Corporate governance in the 21^st century has metamorphosed because of technological advancements, world crises, globalization and changing shareholders expectations. These technological advancements even though beneficial, has brought along with it, challenges relating to data quality, security and privacy.  Strengthening shareholder rights and engagement has being a key objective of corporate governance reforms. These reforms include among other concepts, implementing robust shareholders data management system. This Paper discussed Corporate Governance and Data Protection in The 21^st Century and Protection of Shareholders Data.  This paper employs a doctrinal method of legal research by examining Statutes, case laws and existing literature on the topic and finds that data has become a valuable asset of a company in the 21^st century. The protection of data therefore has risen to the highest level of corporate governance. This paper finds that the Protection of Data provisions as embodied in the Data Protection Act 2023 is not adequate.  This paper recommends adequate legislative framework that caters to the needs of data subjects, compliance with good corporate governance measures that will   enhance data protection in Nigeria.