Corporate Governance and Management Efficiency of Deposit Money Banks in Nigeria

Abstract

This study focuses on corporate governance and efficiency in deposit money banks in Nigeria: A study of First Bank and Zenith Bank. The study raised three major objectives which include; to determine the relationship between board size and efficiency in Deposit Money Banks in Nigeria, to determine the relationship between transparency and efficiency in Deposit Money Banks in Nigeria and to determine the relationship between ownership structure and efficiency in Deposit Money Banks in Nigeria. The survey design was adopted to investigate the objectives, Pearson Product Moment Correlation Coefficient was used to test the hypothesis and the simple percentage method was used to analyze the data. The research adopted the Stake Holder theory, the Agency Theory and the Managerial theory. A total of eighty nine returned questionnaires constitute the sample size for the project study. Findings show that there is direct and significant relationship between corporate government governance and efficiency in banks. The project study then recommended that boards should not just be transparent, but seen and perceived by lower level management to be transparent as this influences their actions. It was also recommended that ownership should not be lopsided but open to all that can afford to acquire their intended financial interest.