ETHNICITY AND CORPORATE GOVERNANCE PERFORMANCE IN NIGERIA: Problems And Prospects
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A lot has been written and discussed about ethnicity and the dangers it portends on the socioeconomic development of any country vis-à-vis Nigeria. These salient scholarly contributions have been on either its effects on the public or civil service as attention to that of Corporate Governance is virtually none existent. This paper therefore examined the effects of ethnicity on the Corporate Governance in Nigeria. It anchors on the Upper Echelon’s Theory and consequently,
revealed that corporate governance is relatively a new concept that emanated from the modern economists. The argument as was discovered, was that, ethnicity actually influences the performance of corporate governance in Nigeria but the underlying question is, - to what extent? We therefore, appraised the nexus between the variables and recommended amongst others; - that organizations should ensure that ethnic consideration is emphasized in board memberships of corporate institutions in Nigeria (i.e., comprising the major ethnic groups in Nigeria).
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