An Examination of the Impact of Regulatory Policies on Corporate Governance in Benue State
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Background of the Study
Regulatory policies serve as a foundation for effective corporate governance by establishing standards for accountability, transparency, and ethical conduct. In Benue State, regulatory frameworks such as the Companies and Allied Matters Act (CAMA) aim to promote good governance practices (Adigun & Musa, 2023).
However, challenges such as inadequate enforcement, non-compliance, and policy inconsistencies hinder the effectiveness of these regulations. Strengthening corporate governance is essential for fostering investor confidence and economic stability in Benue State (Ahmed & Bello, 2024).
Statement of the Problem
Despite the existence of regulatory policies, corporate governance in Benue State remains plagued by issues such as corruption, lack of transparency, and weak enforcement mechanisms. These challenges undermine organizational performance and stakeholder trust (Ibrahim & Yusuf, 2023).
Existing research on corporate governance in Nigeria often overlooks the regional challenges specific to Benue State. This study aims to explore the impact of regulatory policies on corporate governance within this context.
Objectives of the Study
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To assess the impact of regulatory policies on corporate governance in Benue State.
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To identify challenges in implementing regulatory policies for corporate governance.
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To propose solutions for improving the effectiveness of regulatory policies.
Research Questions
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What is the impact of regulatory policies on corporate governance in Benue State?
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What challenges hinder the implementation of regulatory policies for corporate governance?
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What solutions can improve the effectiveness of regulatory policies?
Research Hypotheses
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Regulatory policies do not significantly impact corporate governance in Benue State.
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Challenges in implementing regulatory policies do not significantly affect corporate governance.
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Solutions for improving regulatory policies do not significantly enhance corporate governance outcomes.
Scope and Limitations of the Study
The study examines the impact of regulatory policies on corporate governance in Benue State from 2015 to 2025. Limitations include variations in regulatory enforcement and limited access to corporate governance records.
Definitions of Terms
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Regulatory Policies: Rules and guidelines established by authorities to govern organizational behavior.
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Corporate Governance: Practices that ensure accountability, transparency, and ethical conduct in organizations.
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Benue State: A region in central Nigeria, serving as the study location.
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