- The Complete Research Material is averagely 54 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Get the complete project »

CHAPTER ONE
INTRODUCTION
1.1 Background of the study
The The concept of corporate governance has attracted a good deal of public interest in recent years, because of its apparent importance on the economic health of corporations and society in general. Basically, corporate governance in the banking sector requires judicious and prudent management of resources and the preservation of resources (assets) of the corporate firm; ensuring ethical and professional standards and the pursuit of corporate objectives, it seeks to ensure customer satisfaction, high employee morale and the maintenance of market discipline, which strengthens and stabilizes the bank Recently, the banking industry in Nigeria has been undergoing serious reforms over the past couple of years arising from the central bank of Nigeria's requirement for banks to increase their capital base (share) to a minimum level of twenty five billion naira (N25B), (Ogbeche, 2006:1). This triggered off several mergers and acquisitions that have reduced the number of players from eighty nine (89) to twenty five (25) banks as at the beginning of 2006 (Kama, 2006; 66). It is imperative to note that at the end of the consolidation exercise, the total capitalization (the value of all equities of the banks came to N775.0 billion compared to the figure of N327 billion before the commencement of this program in July 2004. (Adedipe, 2004: 52).The issue of corporate governance has recently been given a great deal of attention in various national and International forays. This is in recognition of the critical role of corporate governance in the success or failure of companies. Corporate governance refers to the processes and structures by which the business and affairs of an institution are directed and managed. In order to improve long-term shareholder value by enhancing corporate performance and accountability, while taking into account the interest of other stakeholders. Corporate governance is therefore about building credibility, ensuring transparency and accountability as well as maintaining an effective channel of information disclosure that would Foster good corporate performance.
The strategy for addressing the challenges of corporate governance has taken various forms at both the national and International levels and have culminated in initiatives such as: the OECD Code; the Cadbury Report; the Basel Committee Guidelines on Corporate Governance; the King‟s Report of South Africa etc. It is therefore necessary to point out that the concept of corporate governance of banks and very large firms have been a priority on the policy agenda in developed market economies for over a decade. Further to that, the concept is gradually warming itself as a priority in the African continent. Indeed, it is believed that the Asian crisis and the relative poor performance of the corporate sector in Africa have made the issue of corporate governance a catchphrase in the development debate (Berglof and Von -Thadden, 1999).
Performance may be defined as the reflection of the way in which the resources of a company (bank) are used in the form which enables it to achieve its objectives. According to Heremans, (2007), financial performance is the employment of financial indicators to measure the extent of objective achievement, contribution to making available financial resources and support of the bank with investment opportunities.
These are factors which play a role in shaping the financial status of a company. Most studies divide the determinants of commercial banks’ financial performance into two categories, namely internal and external factors. Internal determinants of profitability, which are within the control of bank management, can be broadly classified into two categories, i.e. financial statement variables and nonfinancial statement variables, (Linyiru, 2006). While financial statement variables relate to the decisions which directly involve items in the balance sheet and income statement; non-financial statement variables involve factors that have no direct relation to the financial statements. The examples of non-financial variables within the this category are number of branches, status of the branch (e.g. limited or full-service branch, unit branch or multiple branches), location and size of the bank, Sudin (2004).
Several events are therefore responsible for the heightened interest in corporate governance especially in both developed and developing countries. The subject of corporate governance leapt to global business limelight from relative obscurity after a string of collapses of high profile companies. Enron, the Houston, Texas based energy giant and WorldCom the telecom behemoth, shocked the business world with both the scale and age of their unethical and illegal operations.In developing economies, the banking sector among other sectors has also witnessed several cases of collapses, some of which include the Alpha Merchant Bank Ltd, Savannah Bank Plc, SocieteGenerale Bank Ltd (all in Nigeria), The Continental Bank of Kenya Ltd, Capital Finance Ltd, Consolidated Bank of Kenya Ltd and Trust Bank of Kenya among others (Akpan, 2007). In Nigeria, the issue of corporate governance has been given the front burner status by all sectors of the economy. For instance, the Securities and Exchange Commission (SEC) set up the Peterside Committee on corporate governance in public companies. The Bankers‟ Committee also set up a sub-committee on corporate governance for banks and other financial institutions in Nigeria. This is in recognition of the critical role of corporate governance in the success or failure of companies (Ogbechie, 2006:6). Corporate governance therefore refers to the processes and structures by which the business and affairs of institutions are directed and managed, in order to improve long term share holders‟ value by enhancing corporate performance and accountability, while taking into account the interest of other stakeholders (Jenkinson and Mayer, 1992).
1.2 STATEMENT OF THE PROBLEM
With
the increasing dynamism and complexity of modern business operations, coupled
with the ever-present accounting scandals of high profits companies such as
Cadbury plc and Enronlinc have questioned the effectiveness of corporate
governance mechanism and the quality of financial reports and the credibility
of audit functions.
Since ownership is separated from in their own interest, rather than the
interest of shareholders whom they represent. They could manipulate financial
statements, giving investors misleading impression about the financial position
of the corporation. As a result, financial reports in most cases, do not
reflect the true and fair position of the corporation.
Therefore. The need for accurate, reliable, timely and accessible financial
reports is imperative in order to maintain corporate accountability so as to
achieve organizational goals and quick decision making.
1.3 OBJECTIVE OF THE STUDY
The followings are the purpose of the study:
1. To establish the relationship that exist between corporate governance and financial reporting
2. To establish the relationship between management and shareholders’ interests.
3. To ensure that the financial reports in most cases reflect the true and fair position of the corporate.
4. To enhance the need for accurate, reliable, timely and accessible financial reports necessary for corporate accountability so as to achieve organizational goals and quick decision making.
1.4 RESEARCH HYPOTHESES
For the successful completion of the study, the following research hypotheses were formulated:
H0: corporate governance has no effect on the financial reporting of the banks
H1: corporate governance haseffect on the financial reporting of the banks
H0: Corporate governance does not enhance management and shareholders relationship through transparency and accountability.
H2: Corporate governance does enhance management and shareholders relationship through transparency and accountability
1.5 SIGNIFICANCE OF THE STUDY
It is believed that at the completion of the study, the findings will be of great importance to the central bank of Nigeria who are charged with the responsibility of regulating the activities of the commercial banks to ensure strict compliance with the corporate governance guideline. The study will also be of great importance to the managers of commercial banks as the findings will remind them of the tremendous benefit of corporate governance practice.
The study will also be of great benefit to researchers who wishes to embark on a study in similar topic as the study will serve as a guide to them. Finally the research will be of great importance to student, teachers, lecturers, academia’s and the general public.
1.6 SCOPE AND LIMITATION OF THE STUDY
The scope of the study covers the effect of corporate governance on the performance of commercial banks in terms of profitability. In the course of the study, the researcher encounters some constrain which limited the scope of the study. Some of these constrain are stated below:
(a) Availability of research material: The research material available to the researcher is insufficient, thereby limiting the study.
(b) Time: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.
(c) Finance: The finance available for the research work does not allow for wider coverage as resources are very limited as the researcher has other academic bills to cover.
1.7 DEFINITION OF TERMS
Management
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.
Banks
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets.
Corporate Governance
The methods by which suppliers of finance control managers in order to ensure that their capital cannot be expropriated and that they earn a return on their investment.
Commercial banks
Bank that dealing with businesses: a bank whose primary business is providing financial services to companies
1.8 Organization of the study
This research work is organized in five chapters for easy understanding as follows Chapter one is concern with the introduction which consist of the (overview, of the study), statement of problem, objectives of the study, research question, significance or the study, research methodology, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study it’s based thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding. Chapter five gives summary, conclusion and recommendations made of the study.
You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. ENHANCING CORPORATE ACCOUNTABILITY THROUGH EFFECTIVE AUDIT SYSTEM (A Case Study Of Sheffeild Risk Management Limited Owerri Imo State)
» Abstract Ability to report back the conclusion of an assignment of the progress made so far to the person(s) who delegated the authority to the perfor...Continue Reading »Item Type & Format: Project Material - Ms Word | 87 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. EFFECTIVENESS OF INTERNAL AUDITING AND ITS CONTRIBUTIONS TO MANAGEMENT DECISION PROCESS IN AN ORGANIZATION (A STUDY OF GEETA PLASTIC PRODUCTS NIGERIA ...
» ABSTRACT The aim of this study was to investigate the internal auditing and its contribution to management decision process in an organization, a stud...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. INVENTORY MANAGEMENT AND ORGANIZATIONAL PROFITABILITY IN LARGE MANUFACTURING COMPANY (A SELECTED STUDY OF MANUFACTURING COMPANY IN ABUJA)
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Inventory management is a critical management issue for most large companies, medium sized compan...Continue Reading »Item Type & Format: Project Material - Ms Word | 54 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. SOURCES AND STRATEGIES FOR IMPROVEMENT OF LOCAL GOVERNMENT REVENUE IN ABIA STATE (A CASE OF OHAFIA LOCAL GOVERNMENT AREA),
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Internally Generated Revenue (IGR) is revenues generated internally apart from subventions, alloc...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. THE ROLE OF PUBLIC RELATIONS IN ENHANCING CUSTOMERS’ SATI STATION (A CASE STUDY OF NIGERIAN AIRWAYS ENUGU)
» ABSTRACT This study is aimed at pointing out the function of pubic relations officer in customer’s satisfaction in Nigeria Airways Enugu. Resear...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. AUDIT INDEPENDENCE ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATION
» CHAPTER ONE INTRODUCTION 1.1 Background of the study In recent years, the independence of an auditor has come under criticism. This is because the ess...Continue Reading »Item Type & Format: Project Material - Ms Word | 60 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR (A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA)
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The greatest challenge to government worldwide remains the issue relating to pension fund man...Continue Reading »Item Type & Format: Project Material - Ms Word | 80 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. ACCOUNTING RATIOS AS A TOOL FOR MANAGEMENT DECISION” USING GUINNESS NIGERIA PLC
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Omuya (1990) defined “accounting as a language of business, it is used in the business worl...Continue Reading »Item Type & Format: Project Material - Ms Word | 36 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. THE IMPACT OF AUDITING ON ACCOUNTABILITY AND EFFICIENCY IN THE MANAGEMENT OF THE PUBLIC SECTOR (A STUDY OF AKWA IBOM STATE MINISTRY OF FINANCE)
» ABSTRACT This study was to examine the impact of auditing on accountability and efficiency in public sector with a particular reference to Ministry of...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. THE EFFECT OF MONETARY INCENTIVE ON WORKERS PERFORMANCE IN NIGERIAN ORGANISATION
» Abstract The study explore the impact of Monetary incentives on employees' performance. Eighty three employees of Abdul Gusau polytechnic and state co...Continue Reading »Item Type & Format: Project Material - Ms Word | 44 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT