A corporate finance firm's organization structure

Abstract Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources The board members and those with a responsibility for corporate governance are increasingly using the services of external providers to conduct anti-corruption auditing, due diligence and training. An important theme of corporate governance deals with issues of accountability and fiduciary duty, essentially advocating the implementation of policies and mechanisms to ensure good behaviour and protect shareholders. Good corporate governance has assumed critical importance for all business, be it in public or private sector. This study is descriptive and have intensively drawn from secondary sources. It’s also a review of issues fundamental in corporate governance, thus, principles, control and codes. It conclude that the shareholders have high expectation from the directors in order to promote good governance in Nigeria, they (shareholders) expect rights and equitable treatment of shareholders, transparency, accountability and corporate grip from the directors. Security and Exchange Commission (SEC) in collaboration with Corporate Affairs Commission (CAC) has drafted a “Code of Corporate Governance” which is applicable to all the listed companies in Nigeria. All managers of the business environment and indeed all sector where a stewardship reporting is required needs to believe in and practice the principles of CG. By so doing they will be seen as protective rather being domineering. Key words: Corporate, Governance, Shareholders, Board, Management,

Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations set and pursue their objectives, while reflecting the context of the social, regulatory and market environment. Governance is a mechanism for monitoring the actions, policies and decisions of corporations. Governance involves the alignment of interests among the stakeholders. [2]

Banking sectors around the world allocate a significant amount of money, time and effort to create corporate sustainability. However, previous researchers have found no definite evidence that such strategy can definitely create corporate sustainability which will lead to any financial benefits for the banks, especially in the remote places. The aim of this dissertation is to examine the relationship between corporate sustainability and financial performance in Latvia, Lithuania and Estonia. In addition, this paper discusses the elements of corporate sustainability which are; economic, social and environmental elements. The results show that corporate sustainability is best maximized to gain financial benefit more than social and environmental elements in the Baltic banking sector.

The main objective of this research study among others, is to investigate and/or examine the role of good corporate governance on the performance of Nigerian banks. The study adopted a survey research design which was conducted using a selected bank in Asaba, Delta State. Data were collected through questionnaires that were administered to the selected (cross section of 100) respondents which was judged to be adequate for this study. Data collected were analyzed using the statistical package for social sciences (SPSS) regression software to establish the level of relationship between corporate governance, ethical behaviour/code of conduct, corporate social responsibility, managers and board members relationship and banking performance in Nigeria. The study revealed that weak corporate governance has accounted for some recent corporate failures in Nigeria and has heightened poor corporate governance, large scale misappropriation of fund, financial crises, excessive executive remuneration, conflict of interest, bankruptcy, eventual collapse, etc. Premised upon these findings, this study recommends that shareholders and stakeholders interests be properly and consistently aligned to ensure the banks promise of a future existence. Again, directors and managers should effectively discharge their fiduciary responsibilities and expeditiously increase their commitment, disclosure and transparency, improve on professionalism and shun all forms of fraudulent and corrupt practices. Lastly, it also recommends that should ethics unit be established in organizations to curb the ills and excesses and introduce principle based policies on good governance and ethics, constraints to good corporate governance would have been reduced to a highest level and relevant control measures to promoting good corporate governance will ensure the highest standards of transparency, accountability and attain stellar performance. Keywords: corporate governance, ethical behaviour, corporate social responsibility, shareholders relationship and performance. CORPORATE GOVERNANCE upheavals and/or disruptions in corporate management hence the recent upsurge of interest in researches on corporate governance. No doubt, banks intermittently face uncertain and chaotic capital problems, rapid change in product and processes, increasing importance/concentration on skills, service quality, change in manpower, etc which calls for greater attention, to enable them cope, survive, grow and advance towards enhanced competitive advantage and effectiveness. In 1997, for instance, 26 banks were liquidated as a result of loan (a large scale insider misappropriation of funds) to management staff, directors, some major stakeholders and their relations and companies (Sanusi, 2003). Nigerian banking system has over time experienced hiccups and corporate governance failures, which has compelled researchers to seek solutions to this menace. Corporate governance is multi-faceted. Several definitions by various scholars have been given though. According to corporate governance is an internal system of encompassing policies, processes and people which serves the needs of shareholders and other stakeholders, by directing and controlling activities with good business savvy, objectivity, accountability and integrity. The perceived quality of a company's corporate governance can influence its share prices as well as the cost of raising capital. The Hidu of July 9, 1997 as quoted by Gopalsamy, (2006) viewed corporate governance as not just corporate management but something much more broader to include a fair efficient and transparent administration to meet certain predetermined objectives. It is a system of restructuring, operating and controlling a company with a need to achieving long term strategic goals to satisfy shareholders, creditors, employees, customers and suppliers and then complying with the legal and regulatory requirements apart from meeting environmental and local 34 community needs. The failure associated with corporate governance has assumed multifarious dimensions with implications especially for profit oriented business organizations like the banks and has become an issue of global significance. It characterizes relationships between and among corporate insiders and outsiders in terms of fairness, transparency, integrity, legitimacy, accountability, responsibility, etc. various stakeholders which seek to balance the interests of its shareholders in order to achieve and maximize long term sustained value for the corporation. It also aims at ensuring accountability, integrity and meeting a corporation's financial and other legal and contractual obligations.

VitusInterprss, 2014

The broad objective of this article is to scrutinize the effectiveness of hard law paraphernalia that are there present to protect blockholders of multilateral financial institutions in Zimbabwe. This article focused on descriptive documentary reviews of texts around financial institutions, judicial reports, and Statutory Acts. The study found and revealed that hard laws and regulations yes exist to protect blockholders but the challenge, however, was guaranteeing their enforcement making hard law highly unproductive therefore killing investor confidence in Zimbabwe. The results are quintessential for law enforcement agents, regulators of banks and mangers as they need to craft a quality effective management framework on the protection of blockholders' equity which will attract foreign direct investment and that will promote the country's economic development.

This conceptual paper provides an overview of various constituents of good quality of corporate governance. Despite many researchers advocating good governance for ensuring good health of business organizations, a consensus on what constitutes good corporate governance has not been arrived at. This article attempts to bring together various constituents known to affect the quality of corporate governance individually and provides a summary measure known as Corporate Governance Quality Index (CGQI).

The paper deals with the concept of corporate governance, which is very deeply related to the health index of an economy.The subject of corporate governance came to global limelight after collapses of high profile companies like the U.S. energy giant Enron, telecom heavyweight WorldCom, Parmalat and multinational newspaper group Hollinger Inc. The Satyam Scam in 2009 and Reebok scam in 2012 shattered the myth of good corporate governance India.