DO CORPORATE BOARDS REMUNERATION COMMITTEE ATTRIBUTES MITIGATE ACTUAL ACTIVITIES’ FINANCIAL RE-ENGINEERING AMONG LISTED COMPANIES IN NIGERIA? A STUDY OF THE NIGERIAN CORPORATE GOVERNANCE LANDSCAPE

Peter-Mario Efesiri Efenyumi, Amaka Elizabeth Agbata and Tochukwu Gloria Okafor
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Peter-Mario Efesiri Efenyumi: Department of Accountancy, Nnamdi Azikiwe University, Awka
Amaka Elizabeth Agbata: Department of Accountancy, Nnamdi Azikiwe University, Awka
Tochukwu Gloria Okafor: Department of Accountancy, Nnamdi Azikiwe University, Awka

Annals of the University of Craiova for Journalism, Communication and Management, 2024, vol. 10, issue 1, 151-158

Abstract: In the contemporary corporate landscape, appropriate governance frameworks encompass, but are not restricted to, well-functioning corporate board committees that guarantee the management's proper utilization of the enterprise's resources and accurate reporting of its economic status and operational efficacy in the most pertinent manner. The accurate and utmost-faithful-representation of the financial statement as a whole is a key reason the study investigates empirical evidence to elucidate and forecast the statistical relationship between the characteristics of remuneration committees on corporate boards and the financial re-engineering of actual activities. The study deployed an ex post facto research design. The study's data were gathered from the annual reports of 74 companies over an 11-year period from 2011 to 2021; a total of 814 observations were evaluated using least squares regression techniques.

Keywords: Corporate Boards; Remuneration Committee Attributes; Independence; diligence; Financial Re-Engineering; Actual activities; Growth Opportunity; Faithful-representation (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2024
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