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Assessment of corporate governance mechanisms on the financial performance of First Bank Nigeria Plc

 Department: Accountancy  
 By: usericon bapatigi7954  

 Project ID: 2211
   Rating:  (3.3) votes: 6
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   Price:₦2000
Abstract
This study focuses on the Assessment of Corporate Governance Mechanisms on the Financial Performance of First Bank of Nigeria Plc. assess the effect of corporate governance on the financial performance of First Bank of Nigeria Plc. Data were obtained from the annual reports and accounts of First Bank Nigeria Plc for a period of 10years (2009-2018). Findings from the study reveal that there is no significant relationship between board size and the financial performance of First Bank Nigeria Plc, board composition does not affect the financial performance of First Bank Nigeria Plc and bank credit committee does not have a significant relationship on the financial performance of First Bank Nigeria Plc. The study recommended among others that the bank should engage in the development and implementation of strategic training for board members and senior bank managers. This should be carried out with a special emphasis on corporate governance. They should regulate the size of the board which should not be too large and must consist of highly skilled and competent professionals who are conversant with oversight function. There should be a reduction in the board composition of the bank sampled since there is no magnificent relationship on the financial performance of the bank. ...
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