Corporate governance of banks in Nigeria: determinants of Board of Directors' effectiveness.

Authors

Ukpai Kama, Central Bank of Nigeria
Chuku Chuku

Publisher

Central Bank of Nigeria

Keywords

Corporate governance, Board of Directors, Banks and banking, Nigeria

Abstract

The paper seek to ascertain the characteristics that determine the effectiveness of the bank boards in carrying out its roles of monitoring and advisory. It suggests that empowering boards through incentive packages and enlarged responsibilities to monitor, sanction, reprimand would be a way forward for the Nigerian banking sector.

Author Bio

Mr. U. Kama is a staff of Research Department, Central Bank of Nigeria, while Mr. C. Chuku is a NYSC member with the Procurement and Support Services Department, Central Bank of Nigeria, Abuja.

Publication Title

CBN Economic and Financial Review

Issue

1

Volume

47

Recommended Citation

Kama, U., & Chuku, C. (2009). Corporate governance of banks in Nigeria: determinants of Board of Directors' effectiveness. CBN Economic and Financial Review, 47(1), 17-43.