Get the complete project »
- The Complete Research Material is averagely 68 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Questionnaire, Data Analysis.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Background of the Study
Corporate Governance is a number of process, customers, policies, laws and institutions which impacts on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in the business and mechanisms that try to decrease the principal agent problem (Wikipedia, 2011).
Corporate Governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade creditors, suppliers, customer and communities affected by the corporation’s activities. Informal stakeholders are the board of directors, executives and other employees. It guarantees that an enterprise is directed and controlled in a responsible, professional, and transparent manner with the purpose of safeguarding its long-tem success it is intended to increase the confidence of shareholders and capital market investors.
The World Bank (2009) states that corporate governance comprises two mechanisms, internal and external corporate governance. Internal corporate governance, giving priority to shareholder’s interest, operated on the board of directors to monitor top management. On the other hand, external corporate governance monitors and controls manager’s behaviors by means of external regulations and force, in which many parties, such as suppliers, debtors (stakeholders), accountants, lawyers, and providers of credit and investment bank.
In the past, so many corporate organizations have been caught of getting involved in unethical practices, for example the discovery of financial scam by the Central Bank of Nigeria after the consolidation exercise, involving seven top bank executives in Nigeria, which puts the credibility of their corporate image under suspicion, which further shocking investors confidence. Consequently, corporate governance mechanism has been a crucial issue discussed again.
It is against this background that the researcher see the subject matter; corporate governance and its impact on the management of Forte Oil Nigeria Plc, Kaduna as an issue worthy of being investigated.
Statement of Problem
In the past, so many organizations in Nigeria have been involved in unethical practices, which puts the credibility of their corporate image doubt. As such Forte Oil Nigerria Limited just like other oil company have been constraint with issues arising form customer’s complaint of exploitations of workers by using contract staff as against direct engagement of workers that would be remunerated according to their condition of service. Previous researches into the subject has brought to light the poor governance of so many companies with indebted accounts in Nigeria economy. Their accounting systems did not reflect the companies financial status. A typical example is the financial scam of Oceanic and Intercontinental Bank after the consolidation. Most management of such outfits were not accountable to stakeholders of the companies. Besides, the counts and the regulatory agencies were short of authority, corruption and kickbacks were part of the system in the companies. The poor governance practices led to the collapse of so many companies in Nigeria. Hence the need to study corporate governance and its impact on the management of Forte Oil Nigeria Plc Kaduna.
Objective of the Study
The main objective of the study is to examine the corporate governance and its impact on the management of Forte Oil Nigeria Plc. The specific objectives are:
To examine the effect of corporate governance on the performance of Forte Oil Nigeria Plc.
To examine the internal and external corporate governance control mechanism in Forte Oil Nigeria Plc.
To identify the systemic problems of corporate governance in Forte Oil Nigeria Plc.
To proffer workable solutions to the identified problem of corporate governance in Forte Oil Nigeria Plc.
Significance of the Study
The study will be significant to Forte Oil Nigeria Plc especially as they utilize the findings of this research in enhancing policy governance in their organization. The study will also add to the existing knowledge on the subject matter and will also be a reference material for further research on corporate governance.
The central research question is: What is the impact of corporate governance on the management of Forte Oil Nigeria Plc? The specific questions are:
How does corporate governance affect the performance of Forte Oil Nigeria Plc?
What are the internal and external corporate governance control mechanism in place in Forte Oil Nigeria Plc?
What are the systemic problems militating against corporate governance in Forte Oil Nigeria Plc?
What are the solutions to such problems?
H0: There is no effect of corporate governance on the performance of an organization
H1: There is an effect of corporate governance on the performance of an organization
Scope of the Study
The study covers the examination of the impact of corporate governance on Forte Oil Nigeria Plc. The collection of empirical data is limited to Forte Oil Nigeria Plc Kaduna main office. The study covers a time from 2006 – 2011.
1.7 Limitation of the Study
The limitation of this study arise from the shortcoming of the research design, the instrument of data collection and the non-challant attitude of respondents. For the fact that the survey study is used it is not certain whether other research design such as the descriptive design, historical design or ex-post design will yield the same result. It is not also certain if the same result would be obtained if other kind of instrument of data collection other than the questionnaire is used to obtain data. Besides, the non-challant attitude of the respondents and the over exaggeration or understatement of their responses when scoring the items in the questionnaire could affect the validity of their responses. These limitations should be taken cognizance of by other researchers conducting similar studies.
Definition of Terms
Corporate Governance: This is relationship that exists between the different participants, and defining the direction of the firm.
Corporation: This refers to corporate entity or a body by means of which capital is acquired, used for investing in assets producing goods and services.
Shareholders: People who have invested in a company through subscribing to the company’s stock.
Board Structure: Management at the top comprising of board of directors.
Ownership Structure: Shareholders and directors.
CEO: Acronym for Chief Executive Officer.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR HUMAN RESOURCE MANAGEMENT FINAL YEAR PROJECT RESEARCH TOPICS
» 1.0 Introduction 1.1 Background of the Study Recently, managers and management researchers have long believed that the objectives of the organization ...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Human resources management conters on the modern world of work with the emphasis on people which ...Continue Reading »
» CHAPTER ONE PROBLEM SETTING 1.0 Introduction Transport or transportation is the movement of people, animals, services and goods from one location to a...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In every business organization including Nigerian Bottling Company, the performance of the employ...Continue Reading »
» ABSTRACT This research project intends to explore the management of employee grievances (A case study of selected government establishment in Enugu St...Continue Reading »
» ABSTRACT This project was conducted to determine the Evaluation for manpower development policies – a case study of Nigeria Defence Academy, Kad...Continue Reading »
» CHAPTER ONE BACKGROUND OF THE STUDY 1.1 Introduction Organizations are established with the aim of effectively utilizing various available human and n...Continue Reading »
» ABSTRACT The training of Manpower Development and Employee Performance in an Organization was studied with The Ministry of Finance in Akwa Ibom State ...Continue Reading »
» CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Manpower training and development must be based on a need analysis derived from a comparison of &ldqu...Continue Reading »
10. THE IMPACT OF MOTIVATIONAL FACTORS ON EMPLOYEE’S PERFORMANCE IN NIGERIA (GLOBAL POLYTHENE INDUSTRY KADUNA)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY For an organization to operate smoothly there are must be motivation between the employer and the...Continue Reading »