EFFECT OF CORPORATE GOVERNANCE CODE ON FINANCIAL PERFORMANCE IN DEPOSIT MONEY BANKS IN NIGERIA
- Board development,
- Director remuneration,
- Return on equity
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The study examined the effect of corporate governance code on financial performance in deposit money banks in Nigeria. The data for the study were extracted from the audited annual reports and accounts of the thirteen deposit money banks in Nigeria. Analysis was carried out with descriptive statistics and the hypotheses were tested using regression analysis via E-view 9.0. The analysis of the study shows that board development has a negative and insignificant effect on return on equity in Nigerian banks and this was not statistically significant at 5% level of significance, director remuneration has a negative insignificant effect on return on equity in Nigerian banks. Based on the study results, the researcher recommended that the board should be minimum enough to have high quality, active conversations, as well enough to give the chops and practice essential for the board to serve successfully.