Corporate governance practices in the Nigerian banking industry

Chris Ogbechie

Chapter 10 in Handbook on Corporate Governance in Financial Institutions, 2016, pp 230-253 from Edward Elgar Publishing

Abstract: The importance of good corporate governance for business development cannot be ignored. Therefore the Nigerian banking sector requires the practice of good corporate governance for its stability, growth and development. This has become evident due to the role of the banking sector as a driver of economic development. Therefore in this chapter the corporate governance practices in the Nigerian banking sector are discussed vis-á-vis corporate governance codes therein. The operationalization of the Central Bank of Nigeria (CBN) Code (2006) is critically examined, as well as the introduction of the revised CBN Code (2014), by discussing the updates as presented in the CBN Code (2014). The author explores the enhancement and strengthening of the whistleblowing mechanism vis-á-vis good corporate governance, as detailed in the whistleblowing guidelines of the CBN Code (2014). To further strengthen corporate governance in the Nigerian banking sector, useful recommendations on enhancing corporate governance practices are proffered.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781784711788.00019.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable (https://www.elgaronline.com/view/9781784711788.00019.xml [301 Moved Permanently]--> https://www.elgaronline.com/view/edcoll/9781784711788/9781784711788.00019.xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:16126_10

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().