Supervision and Control of Corporate Management

In a world with heightened management opportunism, countries are resorting to different avenues to supplement their corporate laws in check-mating directors of companies. The German government in this respect has created supervisory boards to serve as trustees for shareholders and vested them with the power to supervise management. It has also couched a salient corporate governance code to further the independence and monitoring function of the boards. In Cameroon however, companies rely on corporate laws put in place by the OHADA Treaty.This treatise appraises the supervision techniques in Cameroon, in comparison with those of Germany, classified as sui generis. The appraisal seeks to decipher if there are aspects in the German supervision framework which are compatible with Cameroon's, and how they could be implemented to achieve greater efficiency in control. Albeits the recommendations proposed by the author may not be a magic wand or an ultimate panacea to the problems inherent in Cameroon's supervision mechanisms, they will certainly whistle past the graveyard and create a pool of fresh water in the desert.

Autorentext

LL,M. International Business Law, Central European University, Budapest-Hungary. World Law Certificate of Academic Excellence, World Law Institute of Emory University, Atlanta-Georgia, USA. Maitrise en Droits, University of Yaounde II, Cameroon. LL,B. University of Buea, Cameroon. Consultant, Clinique Veterinaire de Ngousso-Yaounde, Cameroon.