Corporate Governance and Board Practices: A Nigerian Perspective

Posted: 25 Mar 2010

See all articles by Chris Ogbechie

Chris Ogbechie

Pan-Atlantic University - Lagos Business School

Dimitrios N. Koufopoulos

HOCG (Hellenic Observatory of Corporate Governance; Gnosis Management Consultants; Queen Mary University of London - Centre for Commercial Law Studies (CCLS)

Date Written: March 13, 2010

Abstract

This study evaluates corporate governance issues in banks operating in Nigeria and deals with board characteristics, composition, operations and processes, as well as their degree of compliance with Central bank of Nigeria Code of Corporate Governance. The empirical findings of the study reveal useful insights with respect to Corporate Governance Practices in Banks operating in Nigeria. The results show that Nigerian Banks have embraced the principles of good Corporate Governance and have achieved high degree of compliance with the Central Bank of Nigeria Code of Corporate Governance and the Securities and Exchange Commission (SEC) code.

This paper draws a number of conclusions and recommendations and also highlights some limitations that can be improved upon in future studies.

Keywords: Corporate Governance, Banks, Board Characteristics, Board Processes, Board Appraisal, Board Relationships, Board Strategic Involvement, Nigeria

JEL Classification: M10,

Suggested Citation

Ogbechie, Chris and Koufopoulos, Dimitrios N., Corporate Governance and Board Practices: A Nigerian Perspective (March 13, 2010). Available at SSRN: https://ssrn.com/abstract=1570247

Chris Ogbechie (Contact Author)

Pan-Atlantic University - Lagos Business School ( email )

Km 22 Lekki Epe Expressway
Ajah
Lagos
Nigeria

Dimitrios N. Koufopoulos

HOCG (Hellenic Observatory of Corporate Governance ( email )

83 Rodney Court
6-8 Maida Vale
London, W9 1TJ
United Kingdom

HOME PAGE: http://www.hocg.eu

Gnosis Management Consultants ( email )

London
United Kingdom

HOME PAGE: http://www.gnosisconsultants.com

Queen Mary University of London - Centre for Commercial Law Studies (CCLS) ( email )

Charterhouse Square
London, EC1M 6AX
United Kingdom

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