Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)

Project and Seminar Material for Cooperative Economics and Management CEM

Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)


Chapter One


Introduction

1.1 Background of the Study

A definitive explanation given by O’Sullivan & Sheffrin, (2003) viewed cooperative as a business organization owned and operated by a group of individuals working together to achieve a common purpose for mutual benefit. A cooperative is set up to cater for the wellbeing of its members. They finance and operate the business or service for their mutual benefit. The issue of corporate governance came due to recent fall of some big corporation due to the dishonesty of managers who were vested with the trust of managing the firm and representing the interest of the shareholders but went ahead to mismanage the resources of the firm there by leading to the fall of some firms. Consequently, cooperative movement, had in recent times, focused on corporate governance as a means of promoting good governance and Management of cooperative societies. This is as a result of the growth of many cooperative societies which have instituted managers to manage its affairs. It is therefore imperative that this managers act in the best interest of the shareholders through adequate and proper disclosures of financial transactions, channeling of resources to the affairs of the cooperative and safeguarding their investments. The duty of care requires the management to act in good faith, apply their best judgment, and implicitly exercise due diligence. The study seeks to appraise corporate governance and cooperative societies in Nigeria. A case study of AVAMCU, Calabar.


1.2 Statement of the Problem

The corporate scandals which led to the fall of big firms has diminished investor confidence in boards of directors who were vested with the responsibility of monitoring executive performance and representing the interests of shareholders (Kim & Nofsinger, 2005). As a result, investors are interested in raising new ma nagement who will represent the interest of the shareholders, improve accountability and the effectiveness of corporate boards (Rauterkus, 2003).

According to Brasilia (2008), the practices of good governance have proved to be fundamental in the success of organizations. Corporate governance ensures managers act in the best interest of the shareholders through adequate and proper disclosures of financial transactions, channeling of resources to the affairs of the cooperative and safeguarding their investments. The problem confronting the study is to appraise corporate governance and cooperative societies in Nigeria. A case study of AVAMCU, Calabar.


1.3 Objectives of the Study

The Main Objective of the study is to appraise corporate governance and cooperative societies in Nigeria. A case study of avamcu calabar;

The specific objectives include:

  1. To determine if lack of transparency is a feature of most cooperative in societies Nigeria.
  2. To determine if there is need for cooperative societies in Nigeria to engage in sound internal control and risk management.
  3. To determine whether corporate governance is solely responsible for the maladministration of cooperative societies in Nigeria.

1.4 Research Questions

  1. Is lack of transparency a feature of most cooperative societies Nigeria?
  2. Is there need for cooperative societies in Nigeria to engage in sound internal control and risk management?
  3. Is corporate governance solely responsible for the maladministration of cooperative societies in Nigeria?

1.5 Statement of the Hypothesis

Ho1: There is no significant effect of corporate governance on cooperative societies in Nigeria.


1.6 Significance of the Study

The study shall proffer a critical evaluation of corporate governance and its impact on the performance, survival and growth of cooperative societies.


1.8 Limitation of the Study

The study was confronted with logistics and geographical factors.


1.9 Definition of Terms

Corporative Society Defined

Cooperative as a business organization owned and operated by a group of individuals working together to achieve a common purpose for mutual benefit. A cooperative is set up to cater for the wellbeing of its members. They finance and operate the business or service for their mutual benefit.

Corporate Governance Defined

Corporate governance consist of a system of rules, practices and processes by which a firm is directed and controlled. Corporate governance essentially entails balancing the interests of a company’s many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company’s objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.

Shareholders Defined

A shareholder (also stockholder) is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a corporation. Legally, a person is not a shareholder in a corporation until their name and other details are entered in the corporation’s register of shareholders or member


Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)


Project Material Download

3,000 Naira


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)

The complete material will be sent to your email address after receiving your payment information | T & C Apply


  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)


Disclaimer

This research material “Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.


How to defend your research work


This is a general guide on how to defend your research work:

1. Prepare For Questions:

If you are preparing for questions that may be asked during your defense, then your answers will flow smoothly and effectively. This will prove your knowledge on the subject e.g “Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)“, and strengthening your argument. Ask friends and family, read your work for them to listen to your presentation, and write down questions. You may be lucky the panel will ask you those you have already prepared on.

2. Strong Summary:

Summarizing your chapters will help keep your audience focused because it is easy for a mind to drift, so providing summaries will ensure your panel will follow along, even if they lose focus for a brief moment. Visual aides, such as graphs and power-point presentations can be very helpful. If you are going to use these, make sure you will practice your presentation with them.

3. Be Confident in Your Research Work:

Not knowing your topic “Corporate Governance And Cooperative Societies In Nigeria (A Case Study Of Avamcu Calabar)” inside out will cause you to struggle and ultimately fail with your defense. You need to know the subject from every angle to ensure you are fully prepared for any question that may come your way.

4. Conclusion:

Reinforce your findings to conclude your defense. The finale of your presentation should focus on proving the work that has been done. You may need to recap on what has changed and remained unchanged, if is necessary.

5 . Listen:

Before you get defensive or recite a particular answer, make sure you truly understand the question being asked. Being a good listener is an important quality, because providing an inaccurate or off-topic answer will also weaken the validity of your paper.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.