CORPORATE GOVERNANCE AND IT’S EFFECT ON ORGANIZATIONAL PERFORMANCE

ABSTRACT

This study examined the corporate governance and its impact on the management of Forte Oil Nigeria Plc Kaduna. Research questions guided the study. A survey method was used for this study. The population consisted of all the management staff of Forte Oil Nigeria Plc Kaduna with a total population of twenty five (25) persons. The entire 25 person were selected for the study. A questionnaire developed by the researcher based on liker 5 point scale was used for the study. Mean scores and frequencies were used to analyze the data based on the research questions. Research results shows that internal and external mechanism of corporate governance are used to regulate the performance of Forte Oil Nigeria Plc. The control mechanism put in place by Forte Oil Nigeria Plc include internal and external auditing as well as board of director monitoring and balance of power. The systemic problems militating against corporate governance include high cost of monitoring, inadequate supply of accounting information to shareholders.

TABLE OF CONTENTS
Title page i
Declaration ii
Approval Page iii
Dedication iv
Acknowledgment v
Abstract vi
Table of Contents vii
CHAPTER ONE: INTRODUCTION

Background of the Study 1
Statement of the Problem 3
Objective of the Study 4
Significance of the Study 5
Research Questions 5
Scope of the Study 6
Definition of Terms 6
CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction 8
2.1 The Concept of Corporate Governance 8
2.2 Principles of Corporate Governance 10
2.3 The Impact of Corporate Governance on the Performance of Corporate Organizations 12
2.4 Internal and External Corporate governance control mechanism 15
2.5 The Systemic Problems of Corporate Governance 18
2.6 Corporate Governance Models around the World 19
2.7 Regulation in Corporate Governance 22
2.8 Parties to Corporate Governance 25
2.9 Summary of the Literature Review 31
CHAPTER THREE: METHODOLOGY
3.1 Introduction 32
3.2 Research Design 32
3.3 Area of Study 32
3.4 Population of the Study 32
3.5 Sample Size and Sampling Technique 33
3.6 Instrument of Data Collection 33
3.7 Validation of the Instrument 33
3.8 Reliability of Instrument 34
3.9 Method of Data Collection 34
3.10 Method of Data Analysis 34

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction 36
4.2 Characteristics of Respondents 36
4.3 Data Analysis 37
4.4 Summary of Findings 43
4.5 Discussion of Findings 44
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.0 Introduction 46
5.1 Summary 46
5.2 Conclusion 47
5.3 Recommendations 48
References 50
Appendix 52