Corporate Governance Disclosure: The Evidence from Nigeria
This study centres on the investigation of the level of compliance with the Nigerian Corporate Governance Code's recommendations by the six selected oil companies from 2004 to 2012. Two stages of compliance level with the Corporate Governance Disclosure Index (CGDI) were developed from 43 specific corporate governance issues based on the Nigerian Code's provisions and analysed. Firstly, the study demonstrates the degree of compliance with the CGDI for the selected companies over the survey period (2004-2012). This allows the testing of the continuous progress of the level of conformity with the Nigerian Code's provisions. Second, it measures the level of compliance with the CGDI that existed over the 2004-2009 and 2010-2012 periods respectively. The motive is to find out whether the level of compliance with corporate governance has increased over the two periods since the creation of the Nigerian Code in late 2003. The findings indicate a remarkable improvement with the compliance with the Nigerian Code over the periods by the selected companies.
Bhasin, M. L. (2010). Corporate governance disclosure practices: The portrait of a developing country. International Journal of Business & Management, 5(4), 150.
Dembo, A. M. & Rasaratnam, S. (2014). Corporate Governance and Disclosure in Nigeria: An empirical study. Procedia-Social and Behavioral Sciences, 164, 161-171
Garay, U. & González, M. (2008). Corporate Governance and Firm Value: The Case of Venezuela. Corporate Governance: An international review, 16 (3), 194-209.
Gompers, P. A., Ishii, J. L. & Metrick, A. (2001). Corporate Governance and Equity Prices. National Bureau of Economic Research
Panchasara, Bhavik M., (2012). An empirical study on Corporate Governance in Indian Banking Sector (PhD. Thesis). Saurashtra University. Available from http://etheses.saurashtrauniversity.edu/id/964
Panchasara, B. M., & Bharadia, M. H. S. (2013). Corporate governance disclosure practices and firm performance: evidence from Indian banks. Paradigm, 17(1-2), 88-98.
SEC (2003). The Code of Best Practices on Corporate Governance in Nigeria. Securities and Exchange Commission. Available from: sec.gov.ng/regulation/rules-codes/
SEC (2011). Code of Corporate Governance for Public Companies in Nigeria. Securities and Exchange Commission Available from sec.gov.ng/regulation/rules-codes/.
UNCTAD (2006). Guidance on Good Practices in Corporate Governance Disclosure. United Nations New York and Geneva.
Copyright (c) 2018 Indian-Pacific Journal of Accounting and Finance
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright of all articles published in the Indian Pacific Journal of Accounting and Finance (IPJAF) belongs to their respective authors. Site users are permitted to download and print the articles for personal use. Further reproduction and/or distribution is not permitted, except for brief excerpts or quotations intended for inclusion in some other original works. In this case, proper attribution must be made to the author/copyright holder, and the place of publication must be acknowledged. Altering, editing or otherwise modifying the content of information obtained from the Indian Pacific Journal of Accounting and Finance (IPJAF) is a breach of copyright.
While you retain the copyright of your original material, by publishing in the Indian Pacific Journal of Accounting and Finance (IPJAF) , you will have agreed to the following contractual terms:
- The article is the original work of the stated author(s).
- The work has not been published previously.
- If the Article contains copyright material owned by others, written permission has been obtained from the copyright owner(s) to republish such material in any print or electronic medium and that you have included appropriate acknowledgement of such rights in the Article.
- The author agrees to grant a non-exclusive license to the Indian Pacific Journal of Accounting and Finance (IPJAF) to communicate the work to the public.
- The Indian Pacific Journal of Accounting and Finance (IPJAF) may use the article for publicity purposes.
- The Indian Pacific Journal of Accounting and Finance (IPJAF) may publish the article on third-party sites.
- Any subsequent publication of the article by the authors will carry the acknowledgement: First published in the Indian Pacific Journal of Accounting and Finance (IPJAF) [http://ipjaf.omjpalpha.com]
The Indian Pacific Journal of Accounting and Finance (IPJAF) has taken all reasonable measures to ensure that material contained in this website is the original work of the author(s). However, the Journal gives no warranty and accepts no responsibility for the accuracy or the completeness of the material; no reliance should be made by any user on the material. The user should check with the authors for confirmation.
Articles published in the Indian Pacific Journal of Accounting and Finance (IPJAF) do not represent the views held by the editors and members of the editorial board. Authors are responsible for all aspects of their articles except the editorial screen design.