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Abstract

This paper investigated the level of corporate governance compliance among listed manufacturing firms in Nigeria. The study adopted descriptive survey research design and used secondary data. The population of the study comprised of 78 listed manufacturing firms on the Nigeria Stock Exchange at the end of 2018. Through purposive sampling techniques, relevant data were obtained from 56 firms whose stocks were traded consistently on the stock market. Corporate governance practices and compliance were obtained from the firms’ annual reports, the publication of the Nigeria Stock Exchange (NSE) as well as the website of the firms. The data were analysed using tables, percentages, and charts. Findings clearly indicated that listed manufacturing firms had embedded corporate governance initiatives with a compliance rate of 73.66% on average with the highest and lowest compliance rate of 82% and 60% respectively. The study therefore recommends the need for management to create a conducive business environment by ensuring good corporate governance structure to increase investors’ confidence, facilitate additional foreign direct investment (FDI) and the development of the capital market operation in Nigeria

Keywords

Board Structure Executive Compensation Ownership Structure Shareholders right Disclosure and Financial transparency

Article Details

How to Cite
ADENIJI, Y. A. (2023). CORPORATE GOVERNANCE PRACTICE AND COMPLIANCE LEVEL AMONG LISTED MANUFACTURING FIRMS IN NIGERIA. JOURNAL OF ECONOMICS AND ALLIED RESEARCH, 8(2), 198–210. Retrieved from http://jearecons.com/index.php/jearecons/article/view/311