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Author : Bukola G. Ibrahim
Publisher :
ISBN 13 :
Total Pages : 75 pages
Book Rating : 4.:/5 (14 download)
Download or read book Enforcement of the Corporate Governance Code in Selected Nigerian Banks written by Bukola G. Ibrahim and published by . This book was released on 2010 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Larry Ordu
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (127 download)
Download or read book The Enforcement of Corporate Governance Practices on Nigerian Banks written by Larry Ordu and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mazi Okechukwu C. K. Unegbu
Publisher :
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.F/5 ( download)
Download or read book Corporate Governance in Banking and Other Financial Institutions written by Mazi Okechukwu C. K. Unegbu and published by . This book was released on 2004* with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eseoghene Joseph Idolor
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Corporate Governance and Agency Behaviour written by Eseoghene Joseph Idolor and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of corporate governance failure and agency behaviour on stock market prices has long been of great interest to financial economists, behavioural scientists and capital market researchers. Yet there is to date no consensus over what constitutes an effective governance mechanism that induces agents or managers to consistently act in the interest of share value optimization, neither is there a consensus on the immediate effect of corporate governance failures on stock market prices. In this research study, an in-depth investigation of the announcement effect of corporate governance failures of some highly rated Nigerian commercial/deposit money banks, publicly announced by the Central Bank of Nigeria, is undertaken. To this end a sample of seven highly rated conventional deposit money banks in Nigeria, whose chief executive officers (along with other top management staff and executive directors) were sacked by the Central Bank of Nigeria (CBN) for committing corporate governance malfeasance; against the CBN code of corporate governance were identified and examined. Using event study methodology, the mean abnormal returns and cumulative mean abnormal returns for the seven banks ranging from thirty seven (37) days before and after the announcement date were determined. Empirical results from our findings indicate that the stock market is informationally efficient in Nigeria and that investors do react to announcement of corporate governance failure. The study therefore recommends the strengthening and strict enforcement of corporate governance codes in Nigerian banks.
Author : Emeka R. Offor
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659338465
Total Pages : 92 pages
Book Rating : 4.3/5 (384 download)
Download or read book Corporate Governance in Nigerian Banks written by Emeka R. Offor and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance describes the expectations of stakeholders on how corporations are governed. These expectations or perceptions keep changing; and because they keep changing, the managers of corporations and indeed all stakeholders need to keep pace with these expectations. In this paper, the researcher reviewed the various attempts made by Central Bank of Nigeria (CBN) at entrenching corporate governance in Nigerian banks with a special focus on whether banks in Nigeria are complying with the code of corporate governance post consolidation (2005 - 2009). The study employed an interpretivist methodology and collected data through observation, document analysis and a review of the CBN case. The case x-rayed the regulator - induced banking consolidation reforms and the compliance with the mandatory code of corporate governance for banks in Nigeria post consolidation as well as issues bordering on supervisory framework, architecture and risk management. The research revealed that banks in Nigeria are committed to conforming to the dictates of the code of corporate governance while struggling to achieve viability.
Author : Fasanya Ismail Olaleke
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Corporate Governance as Correlate for Firm Performance written by Fasanya Ismail Olaleke and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The theoretical obligation of the managers in the agency theory is to safeguard the interest of the shareholders, and this study is targeted at investigating the impact of corporate governance on the performance of nine selected banks in Nigeria. The study performs a pooled Ordinary Least Square (OLS) regression analysis of the data from 2006 to 2010. The findings suggest that both size of the board and its ownership structure have positive significant effects on the Return on Equity (ROE). However, the influence of governance indicator on the assets of the companies is significantly negative. Further, the board composition is found to be insignificant as a predictor of profitability measures. The regulatory influence and economic conditioning factors also show no significant effect on Return on Assets (ROA) as well as ROE, suggesting that the banks have developed the ability to absorb or conceal domestic shocks in the economy. The results generally support the hypothesized fact that the banking industry suffers from asset management and poor governance malaise. The study recommends that the regulatory authorities, including the Asset Management Company of Nigeria, be involved in the screening and monitoring of debt assets beyond the current salvage practice.
Author : Gabriel Adegbite
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (13 download)
Download or read book Banking Reforms written by Gabriel Adegbite and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking and corporate governance reform is an ongoing phenomenon which has received intense global attention after the 2008 global financial crisis. This is particularly true of Nigeria where banks constitute a dominant position of the financial sector. It has compelled many financial and non-financial regulators in Nigeria such as the Central Bank of Nigeria and the Securities and Exchange Commission to revise the codes of best practices for banks and other public companies overtime with a new single code of corporate governance [the national code of corporate governance] set to be released by the Financial Reporting Council of Nigeria.This paper makes a contribution to the existing literature on the state of corporate governance development in the Nigerian banking and non-banking sector, the impacts of the banking regulations and the efforts put in place at ensuring that banks are well governed. It also addresses the issue of compliance, disclosure and harmonisation of codes in Nigeria. It argues that while standards and codes are being enacted and revised by the CBN, the SEC and now FRCN, there is greater need for the Nigerian internal and external environments (such as the socio-political, economic and cultural systems) to support the reforms. There is also need for better enforcement, a renewed transparency and total compliance to the spirit and letter of the code in Nigeria.
Download or read book Code of Corporate Governance in Nigeria written by and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nwude Chy
Publisher : GRIN Verlag
ISBN 13 : 3668782709
Total Pages : 37 pages
Book Rating : 4.6/5 (687 download)
Download or read book Issues in Corporate Governance in Nigeria written by Nwude Chy and published by GRIN Verlag. This book was released on 2018-08-27 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masterarbeit aus dem Jahr 2018 im Fachbereich BWL - Unternehmensforschung, Operations Research, , Sprache: Deutsch, Abstract: Corporate governance refers to the system through which organization are directed and controlled. Following the experiences of failed companies in America and Europe in recent times and the resultant consequence on unemployment, wealth creation and shareholder value, corporate governance has taken a centre stage worldwide especially in emerging economies such as Nigeria that can ill-afford system failure. Typically, in public corporations directors are elected by shareholders to manage the affairs of the corporate on their behalf; which by implications imposes on the directors fiduciary responsibilities. A person with fiduciary duty is a person entrusted with the power or property with the understanding that the person is working for the benefit of the individual(s) who may have entrusted them with such responsibilities – therefore directors have fiduciary responsibilities to work in the best interest of shareholders and for the benefit of shareholders not in the interest of some other people or their individual interest. From all indications, the current global financial crises have revealed severe shortcoming in corporate governance across the global, there seems to be a common factor, an apparent lack of checks and balances needed by companies in order to cultivate sound business ethics bringing about the concern for improved corporate governance across all continents, this provides the needed motivation for this study. In Nigeria; for instance several public companies including local subsidiaries of western multinational companies have been criticized for various degrees of unethical practices. The case of Cadbury Nigeria PLC referred to as ‘Deliberate breaches of accounting system and controls’, are only a tip of the ice berg in Nigeria, a country that has for many years been sapped by widespread corruption. The choice of Cadbury Nigeria Plc for this study is because of their strategic importance as industrial giant in Nigeria that are presumed to be well established and respected for decades. It is expected that this study will contribute to knowledge on corporate governance as well as proffer some solution to the shortcomings and challenges of corporate governance issues with reference to Nigeria.
Author : Oluseun Paseda
Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Code of Corporate Governance for Banks in Nigeria written by Oluseun Paseda and published by . This book was released on 2017 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good corporate governance is essential to achieving and maintaining public trust and confidence in the banking system, which are critical to the proper functioning of the banking sector and economy as a whole. This paper is essentially a critique of the Code of Corporate Governance for Nigerian banks as released by the CBN in 2012. It begins with a background of corporate governance weaknesses observed in pre-consolidation banking era and the fact that the first code, introduced post-consolidation for Nigerian banks (2006), did not attenuate the challenges highlighted in the prior periods. This paper weighs some elements of the new code, such as quality of board membership, separation of powers, tenure of office, remuneration, shareholding and risk management, against the Basel principles for enhancing corporate governance.
Author : Ikemefuna Stephen Nwoye
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book UNEP-FI Principles for Responsible Banking and the CBN Code of Corporate Governance written by Ikemefuna Stephen Nwoye and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to evaluate the UNEP FI Principles for Responsible Banking and the Code of Corporate Governance by identifying areas of convergence and divergence as they relate to issues of responsible banking and adherence to acceptable ethical standard and best practice; as well as benefits that Nigerian Banks can derive from adhering to the UNEP FI Principles.
Author : Dr. Francis Udeh
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (13 download)
Download or read book Impact of Corporate Governance on Firms Financial Performance written by Dr. Francis Udeh and published by . This book was released on 2017 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study evaluated the Impact of Corporate Governance on Firms Financial Performance in Nigeria Quoted Banks in order to determine the Banks Financial Performance before and after the introduction of Code of Corporate Governance in Nigeria. The main objective of this study is to evaluate Board Composition with a view to determining its impact on Firms Financial Performance. Board Composition was used as measure of Corporate Governance while Return on Capital Employed (ROCE), was used to operationalise Financial Performance. The study is anchored on Shareholders theory. The Population of this study comprised fifteen (15) banks whose shares are quoted on Nigeria Stock Exchange. Judgmental sampling technique was used to select seven (7) banks from the entire Population of the study (which makes up the sample size). Data were obtained from secondary source (published financial statements of the selected quoted banks) covering the periods of 2003-2014. The method of data analysis utilised was Ordinary Least Squares Regression Analysis. A model was formulated. The findings from this study showed that Board composition has a negative, though insignificant impacts on ROCE during the 2003-2008 period (p1) and during the 2009-2014 period (p2). In conclusion, the way in which corporate governance is organised differs among countries, depending on the economic, political and social contexts. We therefore recommend that the directors of board should adhere to CBN regulations and guidelines in bank management, with this, they can achieve their aim and shareholders confidence will be restored, on the board.
Author : Emeka Offor
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book A Critical Evaluation of the Role of the Central Bank of Nigeria in Ensuring Corporate Governance in Nigerian Banks Post Consolidation written by Emeka Offor and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance describes the expectations of stakeholders on how corporations are governed. These expectations or perceptions keep changing; and because they keep changing, the managers of corporations and indeed all stakeholders need to keep pace with these expectations. In this paper, the researcher reviewed the various attempts made by Central Bank of Nigeria (CBN) at entrenching corporate governance in Nigerian banks with a special focus on whether banks in Nigeria are complying with the code of corporate governance post consolidation (2005-2009). The study employed an interpretivist methodology and collected data through observation, document analysis and a review of the CBN case. The case x-rayed the regulator-induced banking consolidation reforms and the compliance with the mandatory code of corporate governance for banks in Nigeria post consolidation as well as issues bordering on supervisory framework, architecture and risk management. The research revealed that banks in Nigeria are committed to conforming to the dictates of the code of corporate governance. The study further revealed that these banks are struggling to achieve a balance between performance and conformance, thereby calling for a rethink on the relationship between corporate governance and risk management. The research made far reaching recommendations on how CBN and also the banks can keep pace with the ever changing dictates of corporate governance in Nigeria.
Author : Simisola Imelda Akintoye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)
Download or read book Corporate Governance Regulation and Control of Fraud in Nigerian Banks written by Simisola Imelda Akintoye and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Adewale Adegoke Alawiye-Adams
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)
Download or read book Corporate Governance written by Adewale Adegoke Alawiye-Adams and published by . This book was released on 2014 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study was to assess the impact of corporate governance on banks stakeholders and efficient bank management in Nigeria. The corporate governance variable employed in this study was that of board of directors. The two proxies selected for this research as independent variables are Board size and Board composition. Whilst the proxy for the dependent variable employed was earnings per share since regression only depicts the relationship that exist between two variables (x and y). This study made use of secondary data obtained from the financial reports of five (5) banks for a period of eight (8) years (2005-2012). Secondary data was analysed using Regression while chi-square was used to analyse the primary data from bank operators through administered questionnaire. The results generated were found to be similar to that of other previous scholars who have carried out a research on the issue of corporate governance and banks profitability. This study makes a significant contribution to research by exposing the importance of corporate governance in the Nigerian Banking System. The study supported the hypothesis that corporate governance positively affects not only stakeholders but also efficient bank management.
Author : Bello Marshall
Publisher : African Books Collective
ISBN 13 : 978591657X
Total Pages : 252 pages
Book Rating : 4.7/5 (859 download)
Download or read book Corporate Governance in Nigeria written by Bello Marshall and published by African Books Collective. This book was released on 2020-07-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Governance in Nigeria: Current Practices and Emerging Trends examines in a detailed approach the current status and structure of corporate governance in Nigeria. It outlines the basis for sound corporate governance as it relates to internal and external mechanisms put in place to ensure adequate control between different stakeholders through statutory and non-statutory regulations to enhance the economic vitality of economic entities in a country. The effectiveness or otherwise of corporate governance practice in a country is basically determined by legal, regulatory, institutional and value systems put place along with the economic status of the country.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145528257X
Total Pages : 54 pages
Book Rating : 4.4/5 (552 download)
Download or read book Ghana written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-14 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 2003 Financial Stability Assessment Program (FSAP) update, Ghana’s financial system has undergone rapid growth and structural transformation. The authorities have been implementing reforms to enhance the financial system’s resilience to shocks and its contribution to growth. The vulnerabilities reflect the interplay of several factors, but state involvement is an important element. The other contributory factors include deficiencies in commercial banks’ risk management, supervision, and the insolvency regime. Additional recommendations are detailed in the Report on the Standards and Codes on Compliance (ROSC) with the Basel Core Principles (BCP).
