Corporate Governance in Nigerian Banks: a Theoretical Review

Asogwa Ikenna Elias
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Asogwa Ikenna Elias: Department of Accounting, Faculty of Business Administration, University of Uyo, Uyo, Akwa-Ibom State, Nigeria

International Journal of Management Science and Business Administration, 2016, vol. 2, issue 7, 7-15

Abstract: Nigeria’s banking sector had seen corporate failures in the past, which principally resulted due to lack of a robust corporate governance structure. The study provides a theoretical framework and a model for understanding the concept of corporate governance rather than empirical views. This was achieved by delineating the theory of corporate governance, corporate governance model, mechanisms of corporate governance and the legal frameworks. The study concludes that the key setback to corporate governance in Nigerian banks is non-adherence to principles and death of the understanding of the theories and mechanisms of corporate governance.

Keywords: Corporate Governance; Bank; Agency; Stakeholder; Stewardship Theory; Mechanisms; Model (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijmsba:v:2:y:2016:i:7:p:7-15

DOI: 10.18775/ijmsba.1849-5664-5419.2014.27.1001

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