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Corporate Governance in Nigerian Banks: a Theoretical Review

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  • Asogwa Ikenna Elias

    (Department of Accounting, Faculty of Business Administration, University of Uyo, Uyo, Akwa-Ibom State, Nigeria)

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.

Suggested Citation

  • Asogwa Ikenna Elias, 2016. "Corporate Governance in Nigerian Banks: a Theoretical Review," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(7), pages 7-15, June.
    • Handle: 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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    References listed on IDEAS

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    2. Rafel Crespi & Miguel A. García Cestona & Vicente Salas, 2002. "Governance Mechanisms in Spanish Financial Intermediaries," Working Papers 0209, Departament Empresa, Universitat Autònoma de Barcelona, revised Sep 2002.
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