CORPORATE GOVERNANCE AND PERFORMANCE OF BANKS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
An international wave of mergers and acquisitions has swept the banking industry as boundaries between financial sectors and products have blurred dramatically. There is therefore the need for countries to have sound resilient banking systems with good corporate governance, which will strengthen and upgrade the institution to survive in an increasingly open environment. In Nigeria, the Central Bank unveiled new banking guidelines designed to consolidate and restructure the industry through mergers and acquisition. This was to make Nigerian banks more competitive and be able to operate in the global market. Despite all its attempts, the Central Bank of Nigeria disclosed that after the consolidation in 2006, 741 cases of attempted fraud and forgery involving N5.4 billion were reported. In the light of the above, this research examined the relationships that exist between governance mechanisms and financial performance in the Nigerian consolidated banks. And also to find out if there is any significant relationship between the level of corporate governance disclosure index among Nigerian banks and their performance. The Pearson Correlation and the regression analysis were used to find out whether there is a relationship between the corporate governance variables and firm’s performance. In examining the level of corporate governance disclosures of the sampled banks, a disclosure index was developed guided by the CBN code of governance and also on the basis of the papers prepared by the UN secretariat for the nineteenth session of ISAR (International Standards of Accounting and Reporting). The study therefore observed that a negative but significant relationship exists between board size, board composition and the financial performance of these banks, while a positive and significant relationship was also noticed between directors’ equity interest, level of governance disclosure and performance. Furthermore, the t- test result indicated that while a significant difference was observed in the profitability of the healthy banks and the rescued banks, no difference was seen in the profitability of banks with foreign directors and that of banks without foreign directors. The study therefore concludes that there is no uniformity in the disclosure of corporate governance practices by the banks. Likewise, the banks do not disclose in general how their debts are performing, by providing a statement that expresses outstanding debts in terms of their ages and due dates. The study suggests that efforts to improve corporate governance should focus on the value of the stock ownership of board members. Also, steps should be taken for mandatory compliance with the code of corporate governance while an effective legal framework should be developed that specifies the rights and obligations of a bank, its directors, shareholders, specific disclosure requirements and provide for effective enforcement of the law.
Related Project Materials
ASSESSMENT OF CUSTOMER RELATIONSHIP MANAGEMENT AND ITS IMPACT ON THE ORGANIZATION PERFORMANCE
BACKGROUND OF THE STUDY
A large number of organizations were organized based on the products and s...
THE EFFECT OF GOOD PUBLIC RELATION AND ORGANIZED PROMOTIONS ON THE ACHIEVEMENT OF MARKETING OBJECTIVE, CASE STUDY OF NIGERIA BREWERIE PLC
ABSTRACT
Definition of public Relation is a deliberate, planned...
Perception of business education student on relevance of entrepreneurship education at collage of education
Abstract
The purpose of entrepreneurial training as stipulated by the European Commission 2008, among others include; r...
THE EFFECT OF CLASS SIZE ON ACADEMIC ACHIEVEMENT OF JUNIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
The study looked at the class size as it relates to academic performance of student in Abeokuta South Local Gov...
PERCEIVED INFLUENCE OF RELIGION ON MUSLIM WOMEN SPORTS PARTICIPATION IN SHARIA COMPLIANT STATES IN NIGERIA
ABSTRACTS
The study examined the perceived influence of religion on Muslim women sports participation in sharia compliant States in Niger...
EVALUATION OF HUMAN TRAFFICKING AMONG YOUTH IN THE SOCIETY (A CASE STUDY OF OREDO LOCAL GOVERNMENT EDO STATE)
ABSTRACT
This project work is to evaluate human trafficking among our youth in the society (a case study of Oredo Local...
AN ASSESSMENT OF THE IMPACT OF LEARNING FACILITIES ON THE PERFORMANCE OF PRIMARY SCHOOL PUPILS IN NIGERIA
Background Of The Study
Education, as defined by the National Policy on Education (2004), is&...
HUMAN RIGHTS ABUSES AND SUSTAINABILITY OF DEMOCRACY IN NIGERIA’S FOURTH REPUBLIC: A STUDY OF ENDSARS PROTESTS 2020
ABSTRACT
Nigeria is one of the countries where human right abuses are recorded daily and virtually in all human endeavors and these human...
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED LIBRARY MANAGEMENT SYSTEM
BACKGROUND OF THE STUDY
Library ManagementSystem is an application which refers to library systems which are generally s...
THE EFFECT OF STAFF WELFARE SCHEME ON EMPLOYEE PRODUCTIVITY
ABSTRACT
The Nigerian Local Government system has been fraught with a lot of problems since its incepti...
