Corporate governance: the impact of theories and models on firm performance in developing countries; Nigeria as a case study

Over the last 30 years, the financial market in the U.S, Europe and the Asian market have been through several stages of corporate governance rehabilitations. The Enron Scandal resulted to company and auditor’s relationship and accountability for financial institutions while The Cadbury Report 1992 addressed the causes of failed corporate governance in the UK. The focus in developed countries has been on corporate governance reformation in terms of shareholders, stakeholder and Board of directors however; very little attention has been paid to corporate governance in developing countries. The focus of this study therefore is to mitigate the gap using Nigeria as a case study.

This study will assess the effectiveness of the regulatory framework company’s Allied matters Act (CAMA) which regulates all the public companies in Nigeria and to analyse the performance of companies in prospect to recent reforms in the Nigeria stock Exchange licenced under the investment and securities Act. (ISA) As a result, the study will make an explorative research with the aim to contribute to more responsible corporate governance accountability in Nigeria and make a logical conclusion. This study will adopts an analytical and qualitative research method and provide essential theoretical framework within which better practice of corporate governance.