THE IMPACT OF CORPORATE GOVERNANCE ON BUSINESS SUCCESS
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- NGN 3000
This study explores the impact of corporate governance on business success. Objectives include: (1) evaluating the effectiveness of corporate governance practices, (2) analyzing the relationship between governance and corporate performance, and (3) assessing the long-term effects on business sustainability. A survey design is employed to gather data from a broad range of respondents. Using Taro Yamane's formula, a sample size of 320 is derived, ensuring statistical significance and reliability. The case study focuses on the banking sector in Lagos, Nigeria, where corporate governance is vital. The reliability coefficient score is 0.85, indicating high reliability. Findings reveal that strong corporate governance practices significantly enhance business success by promoting transparency, accountability, and long-term sustainability. Recommendations include implementing robust governance frameworks and regularly training board members and executives on governance best practices.
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