An assessment of corporate governance practices in investment banking: a case study of Sterling Bank
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Corporate governance practices are critical in ensuring transparency, accountability, and sustainable performance within investment banking. Sterling Bank has been recognized for its efforts to strengthen governance structures through the establishment of robust board oversight, internal control systems, and ethical guidelines (Olu, 2023). These practices help mitigate risks associated with managerial opportunism and operational inefficiencies while enhancing investor confidence. Over recent years, the bank has integrated international best practices in corporate governance, driven by both regulatory mandates and competitive pressures. Research indicates that strong governance frameworks correlate with improved financial performance and reduced risk exposure (Ijeoma, 2024). Sterling Bank’s approach includes regular performance audits, independent board committees, and comprehensive disclosure practices that ensure stakeholders are well-informed about operational decisions and financial performance. Despite these efforts, challenges persist in fully aligning governance practices with rapidly evolving market dynamics and technological advancements. This study critically examines Sterling Bank’s corporate governance practices, exploring how these frameworks influence strategic decision-making and overall investment banking performance. Through analysis of internal policies, board meeting records, and compliance reports, the research aims to identify areas of strength as well as potential gaps in governance practices. The findings will provide insights into how enhanced governance can serve as a catalyst for improved operational performance and sustainable growth in investment banking.
Statement of the Problem
While Sterling Bank has made significant strides in strengthening its corporate governance framework, several challenges continue to hinder its effectiveness. A primary concern is the difficulty in ensuring consistent adherence to governance policies across all levels of the organization (Chisom, 2023). Inconsistencies in implementation can lead to gaps in accountability and transparency, particularly in the face of rapid technological changes and evolving market demands. Additionally, conflicts of interest among board members and executive management may compromise decision-making processes, thereby affecting overall performance. The regulatory landscape is also in flux, and keeping governance practices aligned with new international standards poses ongoing challenges. These issues contribute to operational inefficiencies and may undermine investor confidence, despite the bank’s efforts to promote ethical and transparent practices. This study seeks to identify the key challenges in implementing robust corporate governance practices at Sterling Bank and to evaluate the impact of these challenges on investment banking performance. By examining internal audit reports, board evaluations, and stakeholder feedback, the research aims to propose recommendations for enhancing governance frameworks, thereby improving risk management and strategic oversight.
Objectives of the Study
– To evaluate the effectiveness of current corporate governance practices at Sterling Bank.
– To identify challenges in the consistent implementation of governance policies.
– To propose strategies for enhancing corporate governance and stakeholder confidence.
Research Questions
– How effective are the existing corporate governance practices at Sterling Bank?
– What challenges impede the consistent application of governance policies?
– What measures can improve corporate governance in investment banking?
Research Hypotheses
– H1: Strong corporate governance practices are positively associated with improved performance.
– H2: Inconsistent governance practices lead to increased operational risk.
– H3: Enhanced board oversight and transparency improve stakeholder confidence.
Scope and Limitations of the Study
The study is confined to Sterling Bank’s investment banking division; limitations include restricted access to internal governance documents and the evolving nature of international governance standards.
Definitions of Terms
– Corporate Governance: The system by which companies are directed and controlled.
– Board Oversight: The monitoring and guidance provided by a company’s board of directors.
– Transparency: Openness in communication and disclosure of information.
Related Project Materials
COST ACCOUNTING FOR INVENTORY CONTROL AND VALUATION
Abstract: COST ACCOUNTING FOR INVENTORY CONTROL AND VALUATION
This research explores the role of cost accounting in inventory control and...
An Assessment of Depression and Its Management in Elderly Patients in Kaduna State
Background of the Study
Depression is a common mental health disorder among the elderly, yet it often...
An Investigation of the Impact of Urban Renewal Programs on Regional Economic Performance in Nigeria
Background of the Study
Urban renewal programs are designed to revitalize deteriorating urban areas by improving infrastruc...
An evaluation of the accessibility of higher education for students with disabilities in Offa LGA, Kwara State
Background of the Study
Access to higher education is widely recognized as a critical pathway for socio-economic empowerme...
ROLE OF STOCK CONTROL IN A MANUFACTURING COMPANY
ABSTRACT
The effect of stock control in an organization is so vital in both large and small firm whether in the publ...
The impact of Western education on indigenous knowledge systems in Ado-Odo/Ota Local Government, Ogun State
Background of the Study
Western education has significantly transformed learning paradigms in many parts...
An investigation into the impact of religious education on students' civic responsibilities in secondary schools in Lafia LGA, Nasarawa State.
Background of the Study:
Religious education plays a pivotal role in shaping students’ worldviews, values, and social behaviors, in...
An Appraisal of Corporate Governance Failures and Their Consequences in Kwara State
Background of the Study
Corporate governance failures refer to the inability of an organization to adhere to principles...
An Appraisal of Constitutional Law and Women's Reproductive Rights: A Case Study of Kano Municipal Local Government Area, Kano State
Background of the Study
Women’s reproductive rights refer to the rights of women...
An examination of marketing challenges on consumer perception of ethical advertising: A case study of a fashion brand in Kano, Nigeria
Background of the study
Fashion brands in Kano are increasingly scrutinized for their advertising practices, where ethic...
