ABSTRACT
This research work is on corporate governance
mechanism: a panacea for effective and efficient management of corporations in
Nigeria using Guinness Nig. Plc, Benin City as a case study. The research was
carried out through the use of primary methods which are questionnaire,
personal interview and observation. In the use of the questionnaire for the
collection of data, 120 questionnaires were administered but only 100
representing 100% were retrieved from the respondents. Three hypotheses were
formulated and testing using chi-square and coefficient contingency methods.
Besides, the study deals with the interpretation and analysis of data. It was
found that the study reveals corporate governance as the way and means of
preventing malpractices that can occur through the mechanism designed by either
the board of management. It was concluded that the research was to examine
corporate governance as a tool used in directing and managing business
efficiency, the research therefore amongst other recommend that a high degree of mutual trust, respect
and understanding should exist among the shareholders, board of directors and
management, in order to avoid the incidence of conflicting goals and
objectives.
TABLE
OF CONTENTS
Title Page i
Certification ii
Dedication iii
Acknowledgements iv
Abstract vi
Table of Contents vii
Chapter
One: Introduction
1.1 Background to the Study 1
1.2 Statement of Problems 3
1.3 Research Questions 4
1.4 Objectives of the Study 4
1.5 Statement of Hypothesis 5
1.6 Significance of the Study 6
1.7 Scope of the Study 7
1.8 Limitations of the Study 8
1.9 Definition of Terms 8
Chapter
Two: Literature Review
2.1 Introduction 10
2.2 Parties to Corporate Governance 11
2.3 Principles of Corporate Governance 12
2.4 Mechanisms and Controls of Corporate Governance 15
2.5 The Rationale of Corporate Governance 17
2.6 Review of Development of good Corporate
Governance Practices in Nigeria 18
2.7 Overview of Corporate Governance Particle 20
2.7.1The Role of the Boards of Directors 20
2.7.2The Role of Chief Executive Officer and
Management 21
2.7.3Transparent Financial Reporting and Internal
Control
by Board and Management 23
2.7.4 Shareholders Right and Privileges 24
2.7.5 Role of Institutional Investors 25
2.7.6
Objectives, Roles and Composition of Adult
Committee 26
2.8 Corporate Governance and Public Sector in Nigeria 28
2.9 Good Governance Standard for Public Sector 30
2.10 Symptoms of Bad Corporate Governance 31
2.11 The Effectiveness of Corporate Governance 34
Chapter
Three: Research Method and Design
3.1 Introduction 38
3.2 Research Design 38
3.3 Description of Population of the Study 39
3.4 Sample Size 39
3.5 Sampling Techniques
39
3.6 Method of Data Collection 40
3.7 Method of Data Presentation 41
3.8 Method of Data Analysis 41
Chapter
Four: Data Presentation, Analysis and Interpretation
4.1 Introduction 43
4.2 Presentation of Data 43
4.3 Data Analysis 44
4.4 Hypothesis Testing 49
Chapter
Five: Summary of Findings, Conclusion and Recommendations
5.1 Introduction 57
5.2 Summary of Findings 57
5.3 Conclusion 59
5.4 Recommendations 60
References 62
Appendix 64
Questionnaire 65
CHAPTER ONE
INTRODUCTION
1.10 Background to the
Study
A company may have a
legal personality but it is not a human being that is capable of making
decisions and plans about the business and exercising control over it to
achieve its set objectives. People must undertake this management task. The
most senior level of management of the company is the board of directors
responsible for the management of the company.
In recent years, the
issue of corporate governance has generated much debate. Management is concerned
with running of business where the term corporate governance is used to
describe the ways in companies are directed and controlled.
According to Asein
(2001), corporate governance is not about day-to-day management of the
enterprise, it involves the direction and control of those who have
responsibility for the day-to-day running of the organization.
Corporate
Governance is a system and structure, used in directing and managing business
efficiency and affairs of corporations with the objectives of enhancing
shareholders value which includes ensuring the financial viability of business.
The
process and structure defines the division of power and established mechanism
for achieving accountability, transparency and fairness among shareholders,
board of directors and management.
The
key element of good corporate governance principle includes, trust and
integrity, openness (demands for information), performance orientation,
responsibility and accountability, moral respect and commitment to the
organization of importance is how director and management develop a model up
governance that align the value of it corporate participants and then evaluate
his model periodically for its effectiveness (corporate governance, Wikipedia,
the free encyclopedia).
Corporate
governance also involves a system of structuring, operating and control a
company with a view to achieve long term strategic goals to satisfy
shareholders, creditors, employees, customers and supplies and comply with
legal regulatory requirement apart form meeting environmental and legal
community needs.
1.11 Statement of
Problems
In the study the
following research questions are asked in order to achieved the objectives of
the studies.
1.
There are
failures of companies as a result of poor existence of corporate governance.
2.
Stakeholders
in public limited liability company poorly remunerated as a result of nor
existence of best practices.
3.
Corporate
governance can be used in directing and managing business efficiency.
1.3
Research Questions
1.
What are the
structure of corporate
governance as regards for effective and efficiency management of corporation in
Nigeria?
2
What
brought about corporate governance, its principles and impact in corporate
entities?
3
How
does the process, customs, policies, laws and institution affect the way a
corporation is directed, administered and controlled?
4
How
can corporate scans and scandals (bankruptcies, fraud and mismanagement) be
avoided in an organization?
1.4
Objectives of the Study
The objectives of the
study are to examine the following:
a.
To find out the
structure of corporate
governance as regards for effective and efficiency management of corporation in
Nigeria.
b.
To
find out what brought about corporate governance, its principles and impact in
corporate entities.
c.
To
find out how set process, customs, policies, laws and institution affect the
way a corporation is directed, administered and controlled.
d.
To
find out how to avoid corporate scans and scandals (bankruptcies, fraud and
mismanagement) in an organization.
1.5
Statement of Hypothesis
Ho: Corporate governance does not affect vital issues of
business efficiency.
Hi: Corporate governance affects vital issues of
business efficiency.
Ho: There is no relationship between strategic planning
and corporate governance.
Hi: There is relationship between strategic
planning and corporate governance.
Ho: The component of corporate governance is not
essential in achieving public confidence in corporate entities.
Hi: The component of corporate governance is
essential in achieving public confidence in corporate entities.
1.6
Significance of the Study
In regards to the
relevance of the study, it covers areas which are useful to the board of
directors as regards to their mission, vision, objectives and strategy of a
company. It is relevance to shareholders by boosting their confidence to invest
in a particular business which involves protecting their rights.
Companies will benefit
as it ensures the financial viability of business. It also indicates the way in
which companies are directed and controlled through basic governance principles
of disclosure and accountability of a company. It is also relevant to the
public sector. Public sector will benefit as it will ultimately improve
economic growth and functional position of the country on a global level. It is
also used as a determinant in developing policy, social economic analysis and
poverty resolute issue.
1.7
Scope of the Study
This research,
essentially focus on the corporate
governance mechanism: a panacea for effective and efficient managing of
corporations in Nigeria. The process and structure in which business efficiency
and affairs of corporate are directed, manage and controlled. It also focus on
the dilemma that result from the separation of ownership and control.
1.8
Limitations of the Study
The factors that
militate against the researcher’s ability to come out with concrete findings
during the course of researching includes:
a.
Lack of
necessary materials: The materials sought were not sufficient for the research
as for text works and business journal needed were not gotten at the right
time.
b.
The problem of
retrieving the questionnaire: Some questionnaires issued to respondents were
lost during the attitudes of the respondents to disclose their personal
information.
1.9
Definition of Terms
Management
Management is a
distinct process consisting of planning, organization, starring, directing,
coordinating, reporting and budgeting, performed to determine and accomplished
stated objectives with the effective use or human being and other resources.
Corporation
Corporation is a big
company or group of companies acting together as a single organization for a
particular purpose with a legal entity distinct from its owners.
Strategic Planning
Strategic planning is
the process of determining the major objectives of an organization and the
policies and strategies that will govern the acquisition, use and deposition of
reassures to achieve set objectives.
Planning
Planning is the
establishment of objective and the formulation, evaluation and selection of
policies strategies, factors and actions required to achieve set objectives.
Click “DOWNLOAD NOW” below to get the complete Projects
FOR QUICK HELP CHAT WITH US NOW!
+(234) 0814 780 1594
Buyers has the right to create
dispute within seven (7) days of purchase for 100% refund request when
you experience issue with the file received.
Dispute can only be created when
you receive a corrupt file, a wrong file or irregularities in the table of
contents and content of the file you received.
ProjectShelve.com shall either
provide the appropriate file within 48hrs or
send refund excluding your bank transaction charges. Term and
Conditions are applied.
Buyers are expected to confirm
that the material you are paying for is available on our website
ProjectShelve.com and you have selected the right material, you have also gone
through the preliminary pages and it interests you before payment. DO NOT MAKE
BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.
In case of payment for a
material not available on ProjectShelve.com, the management of
ProjectShelve.com has the right to keep your money until you send a topic that
is available on our website within 48 hours.
You cannot change topic after
receiving material of the topic you ordered and paid for.
Login To Comment