Published 2017
“…Purpose - Board of directors is essential ingredients of corporate governance mechanism that
achieve in monitoring managers’ performance by instituting good corporate practice and protecting
the best interest of shareholders to ensure adequate investment return (Hillman & Dalziel, 2003; Mansor, Che-Ahmad, Ahmad-Zaluki & Osman, 2013).However, the recent financial scandals
that led to the crash of big companies across the globe and Nigeria in particular
raised grave
concern on the effectiveness of board monitoring gimmicks hitherto presumed to shield investors’
interest and control managers opportunistic behaviors (
Ebrahim, 2007). …”
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