Comparative analysis on the role of corporate boards: empirical evidence from sub-Saharan Africa
by Adeoye Amuda Afolabi
International Journal of Economics and Accounting (IJEA), Vol. 6, No. 3, 2015

Abstract: This paper examines the role and responsibilities of a firms' board of directors on corporate governance. Using survey questionnaire based on international corporate governance norms, data were collected from listed firms in Ghana, Nigeria and South Africa. The conclusions are as follows: 1) the results show that commitment of board of directors to disclosure and communication may provide effective corporate practices; 2) however, in Nigerian firms, we find that separation of role and responsibilities of chairman and CEO is likely to hinder corporate governance practices; 3) the attention to executive compensation by the board of directors has a negative influence on rule and laws of corporate governance of firms, this is probably arising from the absence of an executive compensation committee. We recommend that the regulatory bodies of corporate governance need to put emphasis on nonbinding advisory vote by shareholders on executive compensation. There may be separation of role and responsibilities between chairman and CEO in Nigerian firms, however there is need for more effective chairman and CEO.

Online publication date: Sat, 19-Sep-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Accounting (IJEA):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com