Effects of corporate governance on organizational effectiveness in some selected deposit money banks in makurdi metropolis, Nigeria

Abstract

The effectiveness of a few Makurdi Metropolis deposit money banks was examined in this study in relation to corporate governance. Finding out how board size influences the organizational effectiveness of a few particular deposit banks in Makurdi was one of the study's main objectives. The study focused on the five hundred and fifty (550) workers of a few carefully chosen deposit money institutions. 220 persons made up the sample size, which was determined using the Taro Yamane formula. First-hand information was used in the study. A questionnaire was the main instrument used to collect data. The statistical packages for social sciences (SPSS 21) were employed to evaluate the developed hypotheses, and regression and correlation analysis were the techniques used to analyze the data. The unprocessed data from the original source was displayed using tables and simple percentages. The study found that deposit money banks with beta coefficients of .247.197 perform significantly better when they have a diverse, large, and independent board, as well as when director compensation is high, 022 and 205. As per the beta coefficient, the board size had the highest beta values, measuring .247. In conclusion, the study discovered that certain deposit money institutions in Makurdi metropolis benefited from board diversity, board size, and director remuneration.