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.

Download or read book The Corporate Governance of Banks in Nigeria written by Ukpai Kama and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the corporate governance of banks, bank boards of directors play a significant role by monitoring and advising management in the formulation and implementation of strategies. Our hypothesis is that certain characteristics of bank boards (size, composition and proactiveness) determine the effectiveness of the boards in carrying out its monitoring and advisory roles. After controlling for heterogeneity and endogeneity using the two-step system estimator, we find that admitting new members into the board improves bank performance up to a certain point 'efficient limit' where continuous increase of the board size begins to destroy value. We observe an inverse relation between board meetings and bank performance which suggest to us that bank boards that meet more often are only reacting to bank's poor performance. This challenges the widespread belief that frequent board meetings play a role that is more proactive than reactive. We agree that bank boards strategically alleviate the problems of governance in banks and reduce the weakness of other corporate governance mechanisms, especially the regulatory and external governance mechanism. Hence empowering boards through incentive packages and enlarged responsibilities with authority to monitor, sanction, reprimand and advise management will be the way forward for the Nigerian banking sector.

Download or read book Corporate Governance in Banking and Investor Protection written by Belén Díaz Díaz and published by Springer. This book was released on 2018-01-02 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate governance in the banking and financial industries before and after the financial crisis, and helps to evaluate the effect of the recommendations and regulations that have been developed in the interim.

Download or read book Handbook on Corporate Governance in Financial Institutions written by Christine A. Mallin and published by Edward Elgar Publishing. This book was released on 2016-05-27 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis has led to more and more focus on corporate governance and financial institutions. There has been much coverage in the media about various corporate governance related issues in banks and other financial institutions, such as executive directors' remuneration and bankers' bonuses, board composition and board diversity. This book, dedicated to the corporate governance of banks and other financial institutions, makes a timely and accessible contribution to the literature in this area. The contributors are experts in their field with in-depth knowledge of the various countries including Italy, the UK, Germany, the US, China, Japan, Brazil, Russia, Australia and Nigeria, plus a chapter on Islamic financial institutions, covered in this book. Overall, the engagingly written chapters highlight many of the shortcomings of corporate governance which have led to financial scandals, whilst indicating areas where corporate governance can be strengthened and improved. Adding depth and accessibility to existing corporate governance books, this Handbook is ideal as a teaching and learning tool for undergraduate and postgraduate students. For directors and the general business and wider stakeholder communities concerned with corporate governance, it is an essential resource. Contributors:C.L. Ahmadjian, K.-J. Chang, M.J. Conyon, F. Cuomo, H. Farag, L. He, H.-Y Liang, I. Love, C.A. Mallin, C. Ogbechie, B. Okhunjanov, G. Pearson, S. Prigge, R.F. Schiozer, O.K. Tam, P.R.S. Terra, A. Zattoni

Download or read book Corporate Governance written by Abiodun Fade and published by LAP Lambert Academic Publishing. This book was released on 2012-06 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author critically examined why corporate governance (CG)practices in Nigeria banks failed to solve agency problem despite additional guideline issued by the apex bank (Central bank of Nigeria). Two of the banks affected by recent banking reform in the country were used as the case study. The study answered the following questions; What is corporate governance and its functions in Nigerian banking industry? What are the common agency problems that manifest themselves in the principal agent relationship in the Nigeria banking industry? What is the role of Central bank regulation in ensuring sound corporate governance practices in Nigerian banks and why did it fail to unearth the agency problems? Holistic approach was used through diverse approaches in identifying and analyzing previous work on agency theory as it affects corporate governance. Some of Corporate governance dimensions examined in relation to principal-agents relationships are board of director, ownership, integrity of financial reporting, transparency. Inconclusive examination determining CG effect on principal-agent relationship necessitated the study."

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:

Download or read book Corporate Governance Framework in Nigeria written by Olusola A. Akinpelu and published by iUniverse. This book was released on 2012-01-05 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since her political independence from the British government in 1960, Nigeria has gone through different phases in the effort to develop the corporate sector. The intention was to drive the economy through corporate enterprises; however, the absence of effective corporate governance structure and conducive investment environment has no doubt been a source of concern for investors and successive governments. Meticulously researched and organized, this book takes the global view on corporate governance to provide insight into the corporate governance conundrum in Nigeria. Against the background of international standard, Author, Olusola A. Akinpelu proposes a number of reforms to the existing governance structure and delves into the history of corporate development from the 1960s through the present. In addition, Akinpelu offers an in-depth analysis of the philosophical foundations for corporate governance and compiles the theories, models, statutes, reforms, international standards, guidelines, and legal cases on corporate governance in the United Kingdom, Germany, the United States of America, and elsewhere to show how no country is completely immune from corporate collapse. A timely work, Corporate Governance Framework in Nigeria will interest students of business economics, business law, legal practitioners, and researchers in the field of corporate governance. An excellently well written book on all important subject of socio-economic value and relevance. - Guoleba Seri (Esq), Chairman/CEO, Seri Associates, LLC, NY. Founder and President/CEO, African Chambers of Commerce, United States.

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.

Download or read book Principles based Or Rules based System a Case for Reform of the Regulatory Approach to Corporate Governance in the Nigerian Banking Sector written by Kelechi Okorafor and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The corporate world over the past few decades has been plagued with instances of corporate mismanagement which resulted in the collapse of several companies. In Nigeria, several banks have collapsed, with the most recent being in 2018, and these failures have been largely credited to weak corporate governance practices. Banks are key in the development of emerging economies; therefore, good corporate governance of banks has far-reaching implications. To regulate corporate governance in Nigeria's banking industry, the principles-based approach is utilized. However, a critical examination would reveal that it has proven inadequate in achieving the regulatory objectives in light of the current challenges faced. This study proposes a restructure of the current system of regulating governance in the Nigerian banking industry. To achieve this, I engaged in a comparative analysis of the traditional principles-based and rules-based approach to governance regulation, using Canada and the United States as case study. Taking into consideration lessons from this cross-jurisdictional analysis, as well as the peculiarity of the Nigerian banking environment, the study explores new perspectives for regulating corporate governance within Nigerian banks and proposes the adoption of a unique approach.

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.

Download or read book Exploratory Evaluation of the Impact of Regulation on the Practice of Corporate Governance in Nigerian Banks written by Adeyinka Tajudeen Hassan and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crisis of capitalism commonly referred to as "global economic meltdown" is not totally unexpected by the cognoscenti in view of the trajectory of capitalism in world history. Pointer to this periodic turbulence in the capitalist mode of developments is the great Wall Street crash of 1929 and the Financial Thunderstorm of 1987. Developed economies have therefore overtime adopted command economic mechanism to deal with associated problems of economic crisis. Reacting to the global economic meltdown, president Barak Obama was recently reported to be admonishing that all parties concerned should down play on ideology in favour of a pragmatic approach to resolving the problems thrown up by the financial crisis. This research is therefore an exploratory attempt to review and evaluate the impact of regulation on the practice of corporate governance in Nigeria Banks as a means of resolving financial crisis. The research shall be highlighting the evolution of banking business in Nigeria through the global financial crisis and its effect on the Nigerian banking sector. The research will bring out the effect of command and control mechanism of regulation in Nigerian banking sector on the basis of the level of market stability achieved before and after CBN intervention as a result of market failure. The study would also suggest optimal structure of Corporate Governance Policies and Procedure to be applied by Board and Management of Banks in Nigeria.

Download or read book Nigeria written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-05-28 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assessment of the implementation of the Basel Core Principles (BCP) was conducted for effective banking supervision in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement of the supervisory capacity of Nigerian banking system supervisors.

Download or read book The Perception of Investment Analysts on the Corporate Governance of Nigerian Banks written by Folajimi Yesir Ashiru and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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:

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 Corporate Governance in the Nigerian Banking Industry written by Mahmoud Mohammed Isa-Dutse and published by . This book was released on 2009 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance and Internal Control System written by Kabir Tahir Hamid and published by LAP Lambert Academic Publishing. This book was released on 2012-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The banking industry is widely recognized as an indispensable link in the process of economic development. Regrettably, over the past decades, the Nigerian banking industry has not been able to trigger the desired level of socio-economic growth and development in the country due to a number of factors, including poor Corporate Governance, poor quality of risk assets, weak internal audit function and high incidence of fraud and forgeries, among others. Consequently, this resulted to distress and seizure of operating licenses of fifty (50) banks in the country, from 1994 to 2006. This book empirically assessed the relationship between Corporate Governance (CG) and Internal Control System (ICS) in the Nigerian banking industry, with a view to understanding how the effectiveness of control mechanisms can be enhanced; which ultimately will assist in ensuring that corporate scandals, frauds and failures are minimized; different risk exposures of banks mitigated; shareholders' wealth maximized; assets of depositors, shareholders and creditors protected and the value of banks enhanced in Nigeria.