CORPORATE GOVERNANCE AND ITS EFFECT ON ORGANIZATIONAL PERFORMANCE (A CASE STUDY OF FORTE OIL NIGERIA PLC, KADUNA)

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CORPORATE GOVERNANCE AND ITS EFFECT ON ORGANIZATIONAL PERFORMANCE (A CASE STUDY OF FORTE OIL NIGERIA PLC, KADUNA)

ABSTRACT

This study examined the corporate governance and its impact on the management of Forte Oil Nigeria Plc Kaduna. Research questions guided the study. A survey method was used for this study. The population consisted of all the management staff of Forte Oil Nigeria Plc Kaduna with a total population of twenty five (25) persons. The entire 25 person were selected for the study. A questionnaire developed by the researcher based on liker 5 point scale was used for the study.  Mean scores and frequencies were used to analyze the data based on the research questions. Research results shows that internal and external mechanism of corporate governance are used to regulate the performance of Forte Oil Nigeria Plc. The control mechanism put in place by Forte Oil Nigeria Plc include internal and external auditing as well as board of director monitoring and balance of power. The systemic problems militating against corporate governance include high cost of monitoring, inadequate supply of accounting information to shareholders.

TABLE OF CONTENTS
Title page                                                                                                  i
Declaration                                                                                              ii
Approval Page                                                                                         iii
Dedication                                                                                               iv
Acknowledgment                                                                                     v
Abstract                                                                                                    vi
Table of Contents                                                                                    vii
CHAPTER ONE: INTRODUCTION

    1. Background of the Study                                                              1
    2. Statement of the Problem                                                            3
    3. Objective of the Study                                                                             4
    4. Significance of the Study                                                              5
    5. Research Questions                                                                      5
    6. Scope of the Study                                                                         6
    7. Definition of Terms                                                                       6

CHAPTER TWO: LITERATURE REVIEW
2.0    Introduction                                                                                   8
2.1    The Concept of Corporate Governance                                                8
2.2    Principles of Corporate Governance                                           10
2.3    The Impact of Corporate Governance on the Performance of Corporate Organizations                                                             12
2.4     Internal and External Corporate governance control mechanism    15
2.5    The Systemic Problems of Corporate Governance                            18
2.6    Corporate Governance Models around the World                      19
2.7    Regulation in Corporate Governance                                        22
2.8    Parties to Corporate Governance                                                 25
2.9    Summary of the Literature Review                                            31
CHAPTER THREE: METHODOLOGY
3.1    Introduction                                                                                   32
3.2    Research Design                                                                            32
3.3    Area of Study                                                                                 32
3.4    Population of the Study                                                                32
3.5    Sample Size and Sampling Technique                                        33
3.6    Instrument of Data Collection                                                    33
3.7    Validation of the Instrument                                                      33
3.8    Reliability of Instrument                                                             34
3.9    Method of Data Collection                                                           34
3.10  Method of Data Analysis                                                             34

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1    Introduction                                                                                         36
4.2    Characteristics of Respondents                                                       36
4.3    Data Analysis                                                                                       37
4.4    Summary of Findings                                                                        43
4.5    Discussion of Findings                                                                     44
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.0    Introduction                                                                                      46
5.1    Summary                                                                                             46
5.2    Conclusion                                                                                          47
5.3    Recommendations                                                                            48
References                                                                                                50
Appendix                                                                                                       52

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