Corporate governance
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2.2 TURNOVER This section of the study explores the concept and theories of turnover, its impact of organizational productivity, and the calculation formula. 2.2.1 Definition of Concept Organizations with a “healthy culture” are characterized by high productivity, efficiency, and low turnover because leaders embrace diversity, equality, respect, fairness, and human capacity development (Uyar et al,…
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Abstract Purpose This paper aims to identify and analyze the neoliberal, Anglo-American corporate governance mechanisms which embed shareholder value in Nigeria, and assess how they constitute major “practical barriers” to effective corporate social responsibility (CSR) in the country. While some of these mechanisms operate internally – performance-related pay (executive remuneration) – the use of non-executive…
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The Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count charge bordering on abuse of office & corruption against the immediate former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. Emefiele will be arraigned before Justice Rahman Oshodi of the Lagos High Court, Ikeja on Monday, April 8 on counts bordering…
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Kaduna State Governor, Uba Sani, has said his administration inherited a huge debt burden of $587 million, N85 billion, and 115 contractual liabilities from former governor of the state, Nasir El-Rufai. Governor Sani, who disclosed this in Kaduna on Saturday while addressing a town hall meeting, said the huge debt burden was eating deep into…
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Corporate governance failures in Nigeria can be attributed to two major factors. While the first is the adoption and usage of a formal legal system that is alien and unamenable to our norms and values (culture), the second which is related to the first is the acceptance and practice of a model of corporate governance…
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There are many models of corporate governance in the world and there is no universal best choice. The choice of the best model for a company depends on not only on its goals, motivations, mission and business context but also on their economic, legal, political and social frameworks. Nevertheless, there are 2 dominant governance models.…
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Are you curious about the meaning of the term “corporate governance” in business? Find all its official definitions below, as well as why it is important and what actions can you take to create an effective corporate governance strategy. Definitions of Corporate Governance in Business Simple Definition of Corporate Governance in Business Corporate governance in…
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1. Introduction The COVID-19 pandemic exposed governments to waves of fraud. As the unscrupulous profiteers in Britain and America remorselessly exploit the crisis for illegal gains thereby worsening taxpayers’ woes fraud, everyone in both public and private sectors are morally obligated to blow the whistle under the False Claims Act and similar programs. This action…
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PESTEL Analysis is a strategic framework used to evaluate the external environment of a business by breaking down the opportunities and risks into Political, Economic, Social, Technological, Environmental, and Legal factors. PESTEL Analysis can be an effective framework to use in Corporate Strategy Planning and for identifying the pros and cons of a Business Strategy. The PESTEL framework is an extension of the PEST strategic framework, one that includes…
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THE COVID-10 PANDEMIC HAS EXPOSED PREVIOUSLY NEGLECTED FLAWS IN GLOBAL Whistleblower Protection LAWS. The pivotal role of accountability and transparency in building and maintaining public trust in organizations is indisputable. How the Chinese government and World Health Organization (WHO) undermined public health at the initial and peak stage of COVID-19 pandemic, and consequential global spread…
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You don’t really care about how bad a road is until you are the one using said bad road. The same applies to snow in winter—you don’t really care about it until all of your regular parking spots become piles of snow and you can’t but try and improvise your parking until the snow melts.…
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Pillars of Corporate Governance In all ramifications of human endeavour, the foundation of corporate governance is the attitude and practice of the society. Inam (2006) postulated that these values are based on the following: 1) Accountability of power, based on the fundamental beliefs that power should be exercised to promote human well-being. 2) Democratic values,…
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Code of Corporate Governance According to Frank and Graeme (2005) the followings are considered essential for effective operations of corporate governance in any public limited liability company; 1) Half-yearly financial statement prepared by the management of the entity and subject to a limited scope review (not audited) by the external auditors. Such a review should…
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Abstract This study investigated the ways and manners in which the affairs of banking sector in Nigeria are managed by those charged with the responsibility. It showed there is a relationship between corporate governance and the performance of banks in Nigeria. The population of the study consisted of all the 24 consolidated banks in Nigeria that…
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Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also…
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For a long time, capacity deficiencies and the low level of governance performance among African countries lead to turmoil of “having tribe societies without a central government”. This is an important factor that caused slow development in Africa. Thus, we must rethink the development and governance issues of Africa, to seek Africanised solutions for African…
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