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The Role of Corporate Governance in the Growth of Nigerian Banks

Omankhanlen, A. E and Taiwo, J.N. and Okorie, Uchechukwu Emenas (2013) The Role of Corporate Governance in the Growth of Nigerian Banks. Journal of Business Law and Ethics, 1 (1). pp. 44-56.

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This study investigates the role of corporate governance in the growth of Nigerian Banks. A critical review of the situation in the Nigerian corporate environment shows that there have been several cases of abuse of trust by board of directors in some banks, which can be reduced through corporate governance. This study employs Correlation analysis to analyze result generated from the questionnaire administered to bank staff on the subject. The findings reveal that the problems of corporate governance in the Nigerian banking sector include: instability of board tenures, board squabbles, ownership crises, high level of insider dealings. While the weaknesses of corporate governance have been identified to include ineffective board oversight functions, disagreement between boards and management giving rise to board squabbles, lack of experience on the part of the Board of director’s members and weak internal control. It is therefore recommended that issues bordering on poor corporate governance which come to notice should be promptly tackled while customers should report such issues to regulatory authorities.

Item Type: Article
Uncontrolled Keywords: Corporate, Governance, Banks, Trust
Subjects: H Social Sciences > H Social Sciences (General)
J Political Science > JZ International relations
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 15 Feb 2017 12:36
Last Modified: 15 Feb 2017 12:36

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