MANAGING CORPORATE GOVERNANCE

Managing Corporate Governance & Stakeholder Relationships in Nigeria's Banks

Contents

Introduction3

Background of the Study3

Rationale of the Study4

Need for Research4

Aims & Objectives4

Problem Statement4

Research Question5

Time Table5

Methodology6

Research Design6

Research Techniques7

Grounded Theory & Inductive Analyses7

Phenomenology8

Exploratory Studies8

Descriptive Research8

Ethical Considerations9

References10

Managing Corporate Governance & Stakeholder Relationships in Nigerian Banks

In this research, we intend to highlight the major corporate governance and stakeholder relationship issues in Nigeria's banking sector. Both issues tend to have a direct impact on the financial health of an economy. Nigeria is a developing country and is going through tough economic times. A qualitative analysis would be conducted on Nigeria's banking sector and relevant facts and figures would be discussed to highlight the “major corporate governance and stakeholder relationship issues”.

Introduction

Background of the Study

Before the inception of the contemporary corporate society, the term corporate governance meant little to the masses. Only a handful of shareholders and scholars knew their true meaning and importance. Ever since the advancements in corporate world and increased competition, the issue has become vital. Major corporate governance and stakeholder relationship issues are discussed in academic meetings and boardrooms. Policymakers realize their importance and continue to base their financial strategies based on their issues/ performance (Bennedsen & Nielsen., 2011).

Similarly, within a few years the corporate governance issues gained momentum and struck the most stable economies of the world i.e. United States, United Kingdom etc. In the aftermath of the financial events, the term corporate governance became a household term. In the present study, we would highlight the ways in which Nigerian banks can manage its corporate governance and stakeholder relationships to stimulate the Nigerian economy.

Rationale of the Study

The Central bank of Nigeria is empowered by law to supervise and regulate the banking operations in the country. In an attempt to stabilize the banking sector, the central bank realizes the importance of corporate governance and stakeholder relationships (Offor, 2009, pp. 4). The rationale of the study is based on the premise that by adequately managing corporate governance issues and stakeholder relationships; the banking industry of Nigeria can increase its revenues and add to the stability of the banking sector.

Need for Research

There exists a definite need for research on the topic as Corporate Governance and Stakeholder Relationship management is directly related to the functioning and an effective performance of the banking sector and the overall economy. By highlighting the major issues on the topic in our study, a better understanding of the concepts could be induced and a similar model could be applied in other economies as well.

Aims & Objectives

The major aims and objectives of the present research are:

To induce a better understanding on the issues of Corporate Governance and Stakeholder Relationships

The importance of Corporate Governance & Stakeholder Relationships in Nigerian Banks

Impact of adequate governance and stakeholder relationships on Nigeria's economy

Problem Statement

If we closely analyse the scenario, the crises are just manifestations of various structural reasons that have made corporate governance a vital issue for development and economic prosperity. With companies increasing in size in today's markets, the role of ...