Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.726756
Title: The impact of corporate governance mechanism in preventing bank failures in Nigeria
Author: Ehiwario, Kester Ifeanyichukwu
ISNI:       0000 0004 6422 0133
Awarding Body: Glasgow Caledonian University
Current Institution: Glasgow Caledonian University
Date of Award: 2016
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Abstract:
The Nigerian banking sector has suffered a series of banks failures because of failures including non-compliance with the Central Bank of Nigeria (CBN) regulatory requirements, a weak regulatory framework, poor legal system and lack of transparency and disclosure. In a bid to resolve the causes of bank failures, the CBN pursued corporate governance reforms in 2005 and published the Corporate Governance Code (CBNCGC) in 2009, a central part of their reforms. The aim of this research is to investigate the impact of corporate governance in preventing bank failures in Nigeria. Using an integrated research design framework, the study seeks to: (i) examine the level of compliance with the provisions contained in the CBNCGC; (ii) investigate if there is a significant relationship between regulation and good corporate governance system in the Nigerian banking sector; (iii) investigate if there is a significant relationship between roles and responsibilities of board of directors and good corporate governance; and (iv) identify the possible barriers to the implementation of good corporate governance in Nig~ria. The findings suggest there is a moderate compliance amongst Nigerian banks. They also suggest a significant relationship between Regulation and good corporate governance. Factors that may be hampering effective regulation were a poor legal system and political interference. The findings show a significant relationship between roles and responsibilities of board of directors and good corporate governance. In order to address the issues identified in the study there was a general agreement among interviewees that there must be further provisions in the CBNCGC dealing with noncompliance, and the regulators must effectively enforce such provisions, identifying and penalizing non-compliant banks.
Supervisor: Ring, Patrick ; Webb, Robert Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.726756  DOI: Not available
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