Background of the Study
Corporate governance plays a crucial role in risk management by ensuring accountability, transparency, and adherence to regulatory standards. Effective governance frameworks help financial institutions mitigate financial risks, operational inefficiencies, and reputational damage (OECD, 2023). In the banking sector, where financial stability is paramount, strong governance structures are necessary to prevent fraud, mismanagement, and excessive risk-taking (Basel Committee on Banking Supervision, 2024).
Zenith Bank Plc, one of Nigeria’s largest commercial banks, has adopted various corporate governance practices to strengthen its risk management framework. However, banks operating in regions such as Nasarawa State face unique risks, including economic instability, regulatory challenges, and cybersecurity threats. Assessing how corporate governance influences risk management at Zenith Bank in Nasarawa State will provide insights into the effectiveness of governance structures in mitigating financial and operational risks.
Statement of the Problem
Despite the implementation of corporate governance frameworks, financial institutions in Nigeria continue to experience governance failures that result in financial losses, regulatory sanctions, and reputational damage. Zenith Bank has established risk management policies to address these challenges, but the extent to which corporate governance enhances risk management remains unclear in its Nasarawa State branches. This study aims to analyze the role of corporate governance in strengthening risk management practices at Zenith Bank Plc in Nasarawa State.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
This study focuses on Zenith Bank’s corporate governance and risk management practices in Nasarawa State from 2023 to 2025. Limitations include restricted access to confidential financial data and potential biases in employee responses.
Definitions of Terms
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