Skip to main content

GOOD CORPORATE GOVERNANCE -

GOOD CORPORATE GOVERNANCE AS A CORRELATE TO ORGANIZATIONAL
PERFORMANCE AND NATIONAL DEVELOPMENT

Kabuoh Margret Nma
Department of Business Administration and Marketing
Bubcock University, Ilishan-Remo- Ogun State, Nigeria.
E’mail;iheanetu2000@yahoo.com

ABSTRACT

The world Economic meltdown, financial scandals and recent collapse of major corporate institutions such as Leman Brothers, Lever Brothers Nigeria Plc (Unilever,) Oceanic bank & Intercontinental, XL Holdings etc are all typical cases of corporate governance crisis. Good governance and development are dividends of democracy which are of great interest to the democratic world. All of these call for urgent attention. This paper examined how good corporate governance relates to organizational performance and national development.

Various literatures revealed that organizational performance and national development are all products of good governance and could be improved if properly managed. The paper recommended that all organizations should imbibe good corporate governance culture. There should be routine checks on the activities of the top and lower management staff by the governing body.
Democracy and all its practices should be upheld in both organizations and societies. Capacity building efforts to be embarked upon by institutions of governance to perform their roles effectively.



INTRODUCTION

Good governance manifest itself in all facets of society and the economy development cannot take place in an atmosphere of insecurity and unstable political system (Ogbu, 2012). It is in view of this that the World Bank has said that lack of development is a direct consequence of bad governance; emphasizing that under bad governance the economy cannot grow or develop.

According to the World Bank (1992):
Bad governance has many features, among which are, failure to make a clear separation between what is public and what is private gain; failure to establish a predictable framework for law and government behavior in a manner that is conducive to development; or arbitrariness in the application of rules and law; excessive rules, regulations, licensing requirements, etc which impede the functioning of markets, and encourage rent-seeking; priorities that are inconsistent with development, thus resulting in a misallocation of resources and excessive narrow base for, or non-transparencies, decision making.
Read more>>>>

Comments

Post a Comment

Popular posts from this blog

A SURVEY OF THE AWARENESS OF VACCINATING LOCAL CHICKENS (Gallus domesticus) WITHIN THE CENTRAL ZONE OF PLATEAU STATE

A SURVEY OF THE AWARENESS OF VACCINATING LOCAL CHICKENS ( Gallus domesticus) WITHIN THE CENTRAL ZONE OF PLATEAU STATE Biyal, D.H., Deshi, M.B; and Gochuk, Z.D. Plateau State College of Agriculture, Garkawa, Plateau State, Nigeria ABSTRACT The research was conducted to access the level of awareness and use of vaccines on local chickens (Gallus domesticus) within the central zone of Plateau State. Five (5) districts were randomly selected, one from each of the five LGA’s that make up the central zone of Plateau State. 400 questionnaires were distributed, filled and retrieved from the 5 LGAs, each with 80. The data was analyzed using simple percentage. Result showed that 177 (44.25%) of the respondents were poor subsistent farmers and civil servants make up only 80 (20.00%) that raise local chickens. One hundred and seventy nine, 179 (44.75%) of the respondents have been into it between 11 – 20 years, and those over 20 years were only 84% (21.00%). Only 84 (21.00%) out of t...
Post a Comment
Read more

STUDENTS’ ACHIEVEMENT IN ENGLISH LANGUAGE AS CORRELATE OF ACHIEVEMENT IN MATHEMATICS IN LANGTANG NORTH LOCAL GOVERNMANT OF PLATEAU STATE, NIGERIA

STUDENTS’ ACHIEVEMENT IN ENGLISH LANGUAGE AS CORRELATE OF ACHIEVEMENT IN MATHEMATICS IN LANGTANG NORTH LOCAL GOVERNMANT OF PLATEAU STATE, NIGERIA Ajoro, M.D. and Mbwas, C.D. Department of Basic studies,  Plateau State College of Agriculture, Garkawa, Plateau State, Nigeria ABSTRACT The research design was correlational survey carried out to investigate the correlation between senior secondary two (SS2) students achievement in English Language and their achievement in Mathematics in Langtang North Local Government area of Plateau State. The study made use of 398 students from 7 schools of the 17 schools using systematic sampling technique. Two research questions were asked and 2 null hypotheses were made. Literature was reviewed and achievement test in English Language and Mathematics were conducted. Reliability coefficients of 0.99 for English language achievement test and 0.98 for Mathematics achievement were obtained using Kuder Richardson KR 21 analysis from th...
Post a Comment
Read more

CHINA- PAKISTAN ECONOMIC CORRIDOR (CPEC), ITS IMPACTS ON PAKISTAN ECONOMY

CHINA- PAKISTAN ECONOMIC CORRIDOR (CPEC), ITS IMPACTS ON PAKISTAN ECONOMY Sutinder Singh and John Mohd Magray GDC, Bijbehare Anantnag India, GDC, Pulwama, India Email: singh.john@ymail.co.uk ABSTRACT China is opening up its land borders in Xinjiang to interact more freely with central Asia and Europe. China and Pakistan are jointly building the china- Pakistan Economic Corridor (CPEC), with passes through Pakistan-occupied Kashmir. India views this is as violation of its sovereignty. Geopolitics rather than geo-economics predominates India’s thinking on possibilities offered by the revival of the old Silk Road by the Chinese. The CPEC project has been divided into phases, the first phase being the completion of Gwadar International Airport and major developments of Gwadar Port. This phase is expected to be completed by the year 2017. The project also includes the expansion of Karakoram Highway- the road that connects China with Pakistan and placement of fiber-optic line ...
Post a Comment
Read more