Impact Of Corporate Governance On The Financial Performance Of Deposit Money Banks

CHAPTER ONEINTRODUCTION1.1 Background to the studyIt has become a worldwide dictum that the quality of corporate governance makes animportant difference to the soundness or unsoundness of banks. Thus, effective corporategovernance   practice   incorporates   transparency,   openness,   accurate   reporting   andcompliance with statutory regulations among others. Historically, antecedents indicatethat financial  crisis is  a direct  consequence  of lack of good  corporate governance  inbanks;   invariably   one   of   the   sources   of   instability   in   the   banking   sector   is   lack   …