TABLE
OF CONTENTS
CHAPTER ONE
1.1
INTRODUCTION
1.2
STATEMENT OF THE PROBLEMS
1.3
RESEARCH QUESTIONS
1.4
AIMS AND OBJECTIVES OF THE STUDY
1.5
RESEARCH HYPOTHESIS
1.6
SIGNIFICANT AND JUSTIFICATION OF THE
STUDY
1.7
DEFINITION OF KEY TERMS
CHAPTER TWO
2.1 LITERATURE REVIEW
2.2 HISTORICAL BACKGROUND OF FIRST BANK
2.3 DEFINITION OF CORORATE GOVERNANCE
2.4 PRINCIPLE OF CORPORATE GOVERNANCE
2.5 ETHICAL ISSUE IN CORPORATE GOVERNANCE
2.6 NEED FOR FINANCIAL AND CORPORATE GOVERNANCE
2.7 IMPORTANCE OF CORPORATE GOVERNANCE
2.8 CODE OF CORPORATE GOVERNANCE IN AN ORGANIZATION
2.9 BENEFIT OF GOOD CORPORATE GOVERNANCE
2.10 SIGNS OF BAD GOVERNANCE
2.11 CORPORATE GOVERNANCE IN NIGERIA BANKS
2.12 NATURE OF CORPORATE PROBLEMS IN THE BANKING
INDUSTRY
CHAPTER THREE
3.1 RESEARCH METHODOLOGY
3.2 RESEARCH DESIGN AND DATA COLLECTION INSTRUMENT
3.3 CHARACTERISTICS OF STUDY POPULATION AND SAMPLING
3.4 ADMINISTRATION OF DATA COLLECTION INSTRUMENT
3.5 PROCEDURE FOR PROCESSING COLLECTED DATA
3.6 LIMITATION OF METHODOLOGY
CHAPTER FOUR
4.1 DATA PRESENTATION AND ANALYSIS
4.2 PRESENTATION AND ANALYSIS OF DATA ACCORDING TO
RESEARCH QUESTION
4.1.1 QUESTIONNAIRE AND ADMINISTERED
4.1.2 DEPARTMENTAL CLASSIFICATION
4.3 PRESENTATION AND ANALYSIS OF
DATA ACCORDING TO TEST OF HYPOTHESIS
4.3.1 ANALYSIS B
4.2.2 ANALYSIS OF SECTION C
4.2.3. ANALYSIS OF SECTION D
4.4 GENERALIZATIONS
CHAPTER FIVE
1.
2.
3.
4.
5.
5.1 FINDING, SUMMARY AND RECOMMENDATIONS
5.2 FINDING
5.3 SUMMARY
5.4 CONCLUSION
5.5 RECOMMENDATIONS
REFERENCES
CHAPTER ONE
1.1 INTRODUCTION
In a situation where power is used to direct control
and regulate activities that effects peoples interest there is the need in
exercised such power with good intention.
For corporate activities, particularly public limited
companies the exercise of power over the enterprises directions the supervision
and control of executive action is concerned with the enterprises on their
parties, especially the environment. The acceptance of a judiciary of corporate
governance. This has been widely event driven in the sense that is in response
to scandals and unexpected cries which in some case abstractly terminated the
existence of large corporate entities. The failure of Johnson banks or credit
and commerce international saving bank Euro Corporation Polly pick are cases at
this point. The failures of these institution have been traced back to school
lapses associate with poor corporate governance include conflict of interest of
corporate governance. The concern also
concedes with the implementation of liberalization de-regulation and privatilization
polities. Particularly in transaction economics. It also shifts the authorities
for allocation resources and return including social benefit and externalities
with forms from public to private sector actors.
However, the concern with defines the scope of his
research work is that of corporate governance in Nigeria banks as widely
acknowledgement in the literature banks play a vital role in promotion economic
growth and development of modern nation starter as noted by Schumper (1934) as
a key agent in the process of development.
As financial intermediaries they are pivotal agent in
payment to the real sector. They also act as catalyst for economy growth and
development.
The findings of various investigation into the remote
and immediate cause of recent bank failure in Nigeria narrow the problem down
to two broad group namely: macroeconomic and
micro economic which are respectively exogenous and endogenous to the
effect failed of the CBN/HDIC collaborate study conducted in 1995 or distress
in the Nigerian financial sectors industry was that the endogenous factors were
the most profound of all the subsequent
failure of some of them. Many banks that were distressed attributed to poor
condition largely to endogenous factor which included undue interference from
broad number in management and bad credit policy (CBN/NDIV 1995) presence of
serious corporate governance in the banking sector. Efforts have been taken for
motivated sanitation of the deregulation authorities which has been deployed to
contain the problem of distress banks. The under lending manifestation of the
corporate governance problem in the nation banking sector in the motivation of
the research work to examine the effect of good nation corporate government in
the banking industry in Nigeria.
The importance of effective good corporate governance
in the corporate and economics performance cannot be over emphasized into days
of global market place companies perceived as adopting international but to
attract international investor that those whose practice are not perceived to
be international standard.
It can also be said that crises witnessed in the
Nigeria financial system especially in the nineties could essentially be linked
to non-compliance with the principle of good corporate banking sector in the
area good corporate governance it’s on this development and needs of corporate
entity to adopt good corporate governance.
1.2 STATEMENT OF THE PROBLEMS
Also with these researchers intend to put in brief the problem of non-
compliance with the corporate governance rules and regulations and how this
problem can be solved in due course effect have been made to find solution in
the following problems.
i.
How can a corporate entity discharge
corporate governance through it functions?
ii.
In what way will the corporate
entity gives the explicit procedure on what is to be done.
iii.
How can corporate entities balance
of power with which the organization is directed, supervised and held
accountable.
iv.
How the researches can described and
interest statistics presentation, interpretation analysis the data gathered
through the questionnaire and annual report.
1.3 RESEARCH QUESTIONS
The focus of this study is to identify the effect of god corporate
governance in the Nigeria banking industry. Hence in the course of this study,
effort has been made to find solution to the following research questions
i.
What are the overviews of corporate
governance?
ii.
What are the principles of corporate
governance?
iii.
How does the ethical issue arise in
corporate governance?
iv.
Why the need for financial reporting
and good corporate governance?
v.
What are the important of corporate
governance?
vi.
What are the benefits of corporate
governance?
vii.
How does the corporate governance
arise in an organization?
viii.
Discuss the corporate governance in
the Nigerian banking industry?
1.4 AIMS AND OBJECTIVES OF THE STUDY
This study has to examine the effect of good corporate governance in the
banking industry. The aims and objectives of the study are:
1.
To examine the overviews of
corporate governance.
2.
To highlight the principal talent of
corporate governance
3.
To know the ethic issues in
corporate governance
4.
To know the need for financial
reporting and good corporate governance
5.
To enumerate the important of good
corporate governance
6.
To analyze the code of corporate
governance in an organization.
1.5 RESEARCH HYPOTHESIS
Hypothesis is a statement of belief regarding a
phenomenon, fact or relationship among various variable. Hypothesis is always
tasted against facts before it is accepted or rejected.
There are two types of hypothesis.
·
Null hypothesis: it is tested for rejection or
acceptable depending on the sampling experience it is donated by Ho
·
Alternative hypothesis: this
represents the hypothesis or statement to taken as true when null hypothesis
(Ho) is false, that is rejected, this represent acceptance only if the data
provided convincing evidence of its truth it id donate (HI)
Null hypothesis (Ho) tested in this project is as
follows
Ho corporate governance does not enable the banks to meet up with the
depositor demand.
Hi corporate governance prevents the expectation of the investor and
manager.
1.6 SIGNIFICANT AND JUSTIFICATION OF THE
STUDY
The following categories of people will benefit from
this research work.
·
The bank: it enables the bank to perform
toward the expectation of regulatory bodies and representing the interest of
stakeholders in good manner stewarding and bring back good confidence to the
banking activities.
·
The customer: the demand for the bank services by
the customer both accordance with rules and regulation.
1.7 DEFINITION OF KEY TERMS
The research has considered if necessary to define the
following term in order to facilitate understanding of this work by the reader.
i.
Governance: is concerned with effective leadership
of entities to ensure they deliver on their deliver on their promises as the
wealth creating organ society and they do as in a sustainable manner.
ii.
Corporate: a company that belongs to or is
connected with a business and operates under policies guiding the activities of
the company (CAMA)
iii.
Bank: a bank is a corporate or person who accepts money on
accounts pay cheques on such account and collected for customer.
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