EXAMINING CORPORATE GOVERNANCE PRACTICES IN NIGERIAN AND SOUTH AFRICAN FIRM
Loading...
Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This paper reviews the historical background of corporate governance and
emerging issues in the development and practice of corporate governance in Nigerian and
South African firms. The paper examines the role of institutional bodies on corporate
governance of listed firms, regulatory and enforcement, and institutional bodies of corporate
governance in Nigeria and South Africa. Other issues also examined include role and
responsibilities of corporate board and external factors that affect corporate governance
such as politics, corruption, economic, and ownership structure of listed firms. We find that
institutional shareholders are more active in South Africa than in Nigeria, also shareholders
association in South Africa are not active compared with that of Nigeria. In addition, South
Africa have a stronger institutional framework than Nigeria, this really provide an evidence
to show that enforcement of corporate governance practices in South Africa seem to be better
than Nigeria. Generally, we find that corruption and bribery, politics, economic and
ownership structure influence effective corporate governance practice in each country.
KEYWORDS: Corporate governance, Institutional frameworks, Politics, Corruption,
Economics and Ownership structure