What Drives Compliance with Corporate Governance Principles: Inference from Public Institutions in Nigeria
Journal Title: International Journal of Social Science And Human Research - Year 2022, Vol 5, Issue 06
Abstract
This study assessed the compliance of public institutions with corporate governance processes in Nigeria. The survey research design was employed in the study. Primary data was collected through the administration of a semi-structured questionnaire to the Finance and Accounts, Internal Audit and senior level management staff. The main instrument for the collection was a structured questionnaire which was subjected to validity and reliability test. Data analysis involves the use of descriptive and inferential statistics. Findings from the study revealed that one third (33.33%) approved politics had great effect on corporate governance. While two in five (41.67%) stated it had moderate effect. Very negligible number (2%) believed politics didn’t have any effect in their organizational setting. Community related factors were also considered as one of the major drivers of corporate governance. One in five (22%) believed community factor like traditional institution had great effect on corporate governance in their organization. This is followed by the one-third (33.33%) who admitted it had a moderate effect. Also, majority (45%) agreed religion and cultural factor moderately influenced corporate governance. While three in ten confirmed it only had a low effect. In relation to constitutional factors, well above average and majority (55%) stated it had moderate effect on corporate governance. It shows that qualification of accountants and internal auditors had great effect on corporate governance with the majority (87%) confirming this. Similarly, the level of exposure or experience of accountant and internal auditors was said to be of great impact by the majority (77%) of the respondents. While the same goes for the effect that qualification of other management staff had on organizatonal corporate governance where majority (45%) claimed it had a great effect. The study concludes that the current compliance of public institutions with corporate governance processes in Nigeria should be sustained for enhance financial service delivery in Nigeria public organizations.
Authors and Affiliations
John Omimakinde, Jacob Kehinde Opele, Elizabeth Omimakinde
Keywords
Related Articles
- EP ID EP706206
- DOI 10.47191/ijsshr/v5-i6-89
- Views 85
- Downloads 0
Critical Reflections on Hassan Zrizi’s Novel: I shall await you at theThreshold of Hope
This study examines the thematic exploration of social and spatial dynamics in I Shall Await You at the Threshold of Hope by Dr. Hassan Zrizi. The novel presents a decentralized social vision, inspired by the experiences...
Development of Inclusive Understanding of Islam in Students of Jenderal Soedirman University in the 4.0 Industry Era
Allegations of radical Islam often appear on campus. Although it tends to be in the realm of ideological struggle, it can develop into a discourse of the struggle of the Khilafah. This condition occurs because religion o...
Religious Moderation among The Nahdlatul Ulama and Muhammadiyah
In recent times in Indonesia, the outlook and attitudes of a person or group of people with religious devotion are likely to be severe, extreme, and intolerant. Furthermore, some are too liberal. Based on the phenomenon,...
The Effect of Principal Management Performance and Working Climate on Teacher Performance through Work Motivation of Elementary School Teacher in Awayan District
Teacher performance is the work accomplished by a teacher in the completion of the specified responsibilities. The purpose of this study was to examine the direct and indirect effects of principal management performance,...
‘It’s complicated’: Teachers’ Strategies to Deal with the Challenges of the Online EFI Teaching
The pandemic of Covid-19 has affected the education system, particularly in Indonesia. All teaching and learning activities should be set in an online learning environment. This situation requires the teachers to change...