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Corporate Governance Practices: The Impact of Budgetary Control Techniques in Nigerian Organization

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Description

Download Corporate Governance Practices: The Impact of Budgetary Control Techniques in Nigerian Organization. Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

This research work is concerned on “Corporate Governance Practice: The Impact of Budgetary Control Techniques in the Nigeria Organization”. Specifically, the researcher identified four objectives to be achieved in the course of the research work.

The researcher in the course of this research work employed the use of both historical and survey research design.

The researcher divided the question into two part: the impact and performance measures of corporate governance in Nigeria organization and the second part deal on the area of conflict between the top management and implementation on budgetary control techniques.

Moreso, the researcher adopted the stratified random sampling in choosing/selecting the population and sample for the study and however the researcher used extensively review of other people’s literature on the work. 

Introduction

“Corporate governance is a new system by which business corporations are directed and controlled” as defined by the organization of Economic Corporation and development (OCED).

In May 1999 ministers representing the 29 governments which comprises OCED members voted unanimously to endorse OCED principles of corporate governance. These principles were negotiated over the course of a year in consultation with the key players in the market.

They constitute the chief response by government to the G-7 summit leader’s recognition of corporate governance as an important pillar in the architecture of the 21 century global economy.

The principle were welcomed by the G-7 leaders at the cologne summit in June 1999 and are likely to act as signpost for activity in this area by the international monetary fund, the world bank, the united nations and other international organizations.

In 1991, the OCED and the world bank signed a memorandum of understanding to broaden the global policy dialogue and corporation on corporate 11 governance reforms and to respond the need of individual countries to improve corporate governance.

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