Corporate Governance and Performance of Business Organizations in Nigeria. (A Case Study of MTN Nigeria, Ilorin)
Corporate Governance and Performance of Business Organizations in Nigeria. (A Case Study of MTN Nigeria, Ilorin)
ORGANIZATIONS IN NIGERIA.
i
ABSTRACT
The study titled corporate governance and organizational performance was an attempt to
selected MTN Nigeria in Ilorin. The study was a survey-type of research that employed
compare mean in an attempt to identify the direction and the magnitude of the impact
variables under investigation. The data were analyzed with t-test. In order to solve the
envisaged problem in this research, three hypotheses were formulated. The findings reveal
that corporate governance has significant impact on the performance of the organization; the
study concludes that effective corporate governance is the fulcrum upon which organizational
performance revolves. In light of the aforementioned, the study recommends that MTN
Nigeria should prioritize corporate governance practice in order to improve their overall
performance and reputation. This however, guarantees transparency and accountability which
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CHAPTER ONE
The term “Corporate Governance” is the interaction between shareholders, board of directors,
proceeding towards.
Corporate Governance is the system of rules, practices, and processes by which a company is
directed and controlled. The organization for economic corporation (2004), defined corporate
governance as a mechanism of bringing into line the interest of investors and managers in
order to ensure that firms are operated to benefit investors. That is, corporate governance is a
mechanism that leads to a healthy and no conflict between the owners and the manager in an
organization.
Corporate Governance as a concept can be viewed from two perspective (Oluyemi, 2007). A
narrow one in which it is merely being concerned with the structure within which a corporate
entity or enterprise receive its basic orientation and direction. And a broad perspective in
which it is regarded as being the heart of both a market economy and a democratic society.
A narrow perspective views the subject as a mechanism which shareholders are assured that
managers would act in their best interest. Whereas the broad view of corporate governance
refers to the process that seeks to direct and control the affair of an organization so as to
protect the interest of all stakeholders in a balanced manner. This process is under-pinned by
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The concept of corporate governance includes both social and institutional aspect. That is,
corporate governance is all about balancing individual and societal goals, as well as,
economic and social goal. Corporate governance ensures that executive management is
running the organization in the right direction and also being run well. Good corporate
governance leads to ethical business practice which deals with way a company more
Corporate Governance ensures that business have appropriate decision making processes and
control in places so that the interest of all stakeholders (Shareholders, employees, suppliers,
customers and the community) are balance. According to Dzingai and Michael (2017), the
principles of corporate governance is to support an approach that considers and balance the
legitimate and reasonable needs, interests, and expectation of its stakeholders in an inclusive,
ethical, and sustainable manner as part of its decision making. Good quality, ethical decision
making builds sustainable business and enables them to create long term value more
effectively.
At present the idea of having adopted corporate governance practices are neglected in the
corporate sector increase in performance in different working place has been on decline of
recent. The major reason behind this is the increase in isolation of corporate governance. This
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The researcher’s interest is to investigate the effect of corporate governance on increase in
More importantly, both public and private are laying more emphasis on the decline of
performance.
For the purpose of the research, the following questions are formulate to assist the researcher
The main objective of this study is to examine the Impact of Corporate Governance on
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1.5 Research Hypothesis
The following are the hypothesis to be tested in the course of this research work:
managers of both public and private company and organization to understand the need for
corporate governance and its impact on organizational performance. It will also be useful to
Shareholders, board members, and managers who would study through this research work
would be enlightened more on the need for corporate governance and how to create a useful
State.
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Life being what it is, one is bound to face a lot of problem in writing a research project of this
nature, problems encountered include time constraint, the researcher exhausted most of her
time going up and down in search of relevant data. The period coverd is from December to
July i.e. Eight (8) months. The period coincided with the writer’s time of lecturer that mean
Financial was also encountered as the researcher as limited financial resources that act of
writing a meaningful project is very exorbitant. There was problem of uncooperative on the
part of respondent.
The researcher also encountered the problem of scarcity of dating to the fact that only few
1. Corporate: this means formed into an association and endowed by law with the right
2. Corporate Governance: This a system that guides the conduct of the people within an
4. Employees Satisfaction: this is the extent to which employees are happy or content with
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5. Employees Commitment: is an emotional attachment to and involvement with an
organization. It also refers to as a bond between the employees and the organization
such that the employee wants to continue serving the organization and helping it
6. Work Ethic: is a belief that work and diligence have a moral benefit and an inherent
external and internal stakeholders based on it post actions and probability of its future
behavior.
8. Board of Director: this is a group of people who represent the interest of a company’s
shareholder.
9. Stakeholder: is a party that has an interest in a company and can either affect or be
10. Share holder: is a person who own shares in a company and therefore gets part of the
company’s profit and the right to vote on how the company is controlled.
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CHAPTER TWO
LITERATURE REVIEW
2.0 Introduction
Essentially, this chapter deals with the review of available relevant academic literatures on
This chapter is expected to cover various way by which organization are been govern and
control the performance of its employees and corporate techniques that the manager adopt in
Many scholars have looked at the performance of an organization would never fail to mention
decision related to capital structure which influence the firm’s performance. Corporate
governance with weak structures leads to poor financial performance and contribute to
macroeconomic crises.
growth and efficiency because top level management considers it as a device for the
some of definitions of corporate governance are generally classified into value creation and
According to Heenetigala (2011), value creation indicates that developing the long term goals
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form sustainable performance by focusing on the shareholders of the company. Value
protection based on accountability of managers and protects the interest of both shareholders
and stakeholders.
corporate governance provides the structure through which objectives of a company are set
and means for attaining those objective, leading to higher performance. Corporate
governance has been linked with negative firm performance. For instance: Adams and
performance.
Concept of Organization performance is an important aspect which has been using in all areas
reason of continuously expanding their boundaries. Akal (1992) defines that “Organizational
performance is the evaluation of all the efforts devoted to achieving the business goals. Most
efficiency and effectiveness. Santo & Brito (2012) state “Business performance or Firm
outcomes.”
fundamental issue for the researchers. Brown and Caylor (2004), found a positive relationship
between governance and performance. Among the measures of performance where return of
equity, profit margin and sales growth by which a conclusion was drawn that good
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governance (based on factors) is related to good performance that vast majority of the time.
Fooladi and Nikzad (2011), who also adopted measures of return on equity and return on
assets in investigating the relationship between performance and CEO duality. Some scholars
have identified as positive relationship, and some scholars have failed to show a positive
association. For this reason, this study is vital to find what kind of association that
Based on literature survey following conceptual framework was develop. This conceptual
frame work establishes link between corporate governance and organizational performance.
Effective
Communication
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Etete (2010), sees corporate governance often used by corporate entities to describe the
manner in which board of directors or their equivalents direct the affair (structures of
activity) of the corporation and the laws and culture that guides them.
The corporate governance structure specifies the distribution of rights and responsibilities
among different particular different participants in the organization, such as, the board,
managers, shareholders and other stakeholders, and spell out the rules and procedures for
making decision on corporate affairs. By doing this, it also provided the structures through
which the company objectives are set and the means of attaining those objectives and
monitoring performance.
1. Effective Communication
2. Remuneration
3. Work Ethics
Effective Communication
This is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the
message is received and understand with clarity and purpose. When we communicate
Communication occurs in many forms, including verbal and non-verbal, written, visual, and
listening. It can occur in person, on the internet (on forum, social media and websites), over
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the phone (through apps, calls and video), or by mail. For communication to be effective, it
4. Build strong relationship and attract more opportunities for you or your organization.
Remuneration
remuneration. Therefore, it is necessary to frame sound policies and practices for employee
compensation.
Remuneration is the compensation an employee receives in return for his or her contribution
to the organization. It also concerned with needs, motivation and rewards. Managers
therefore, analyze and interpret the needs of their employees so that reward can be
individually designed to satisfy their need. Remuneration is classified into two and they are:
1. Direct Remuneration
2. Indirect Remuneration
Direct Remuneration
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Direct Remuneration typically refers to any sort of compensation that comes as a straight
forward financial gain for employees, including salary, allowances for travel and other
Indirect Remuneration
Indirect Remuneration provides a benefit for someone but may be less straight forward.
These can include the potential for overtime pay, benefits for retirement and more flexible
excellent personnel and retain them in an organization. The basic purpose of sound
remuneration policy is to establish and maintain an equitable wage and salary structure.
Work Ethics
Work Ethics refer to a specific set of moral and legal guidelines that organization may abide
by. This guideline typically influences the way employees and customers alike interact with
an organization.
Work Ethics are an incredibly important of forming a successful organization with satisfied
and loyal team members. High ethical standards can help stakeholders, like employees,
investors, customers and other individual involved with work operations feel that the
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When an employee is treated fairly and understands an organization’s commitment to
accountability and environmental sustainability, they are typically less likely to commit
image. With this, works ethics help establish a reciprocal relationship that benefits
There are various benefits of using ethics in the workplace leaders, stakeholders and the
general public alike can experience significant improvements when organizations hold
themselves to high ethical standard. Here are a few of the primary benefits result from
i. Employees Satisfaction
efficiently and how effectively managers use resources to satisfy customers and achieve
organizational goals. Efficiency is a measure of how well or how productively resources are
used to achieve a goal. Thus, effectiveness is a measure of the appropriateness of the goal that
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Therefore, when organizations have satisfied the interests of all stakeholders, owners,
managements, employees, customers, suppliers, and general public; the they can be measured
as successful organization.
1. Employees’ Satisfaction
2. Employees’ Commitment
3. Corporate Reputation
Employees’ Satisfaction
his/her job. Employees’ Satisfaction is an essential aspect of any business organization. When
employees are happy and satisfied with the management and work culture, they put their best
effort to make the company successful. When employees’ needs are met they develop a
Employees’ Commitment
employee commitment is a bond between the employee and the organization such that the
employees want to continue serving the organization and helping it achieve its objectives.
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committed employee is more compatible with the organization and more productive than
Corporate Reputation
Olutoye and Adebayo (2015), define corporate reputation as the perception of an organization
standard, and behavior as well as the opinions and perception of the employees, customers,
A company’s reputation can impact its ability to attract and retain customers, employees, and
investors and it can also influence the level of trust and confidence the public has in the
company. Therefore maintaining a strong and positive corporate reputation is important for
Most micro theories of governance come under the perspective of efficiency. The function of
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Thus, mechanism such as the board of directors or hostile takeover bids would, by ensuring a
better discipline of the managers, contribute to the increase of efficiency of the firm that
creates more value. However, if most of the theories retain this criterion, they attribute it
differing contents.
The different micro theories also focus on a particular interpretation of economic Darwinism,
leading to the creation of a relationship between selection through inter-firm competition and
the efficiency of the governance systems. According to the principle of natural selection
adapted to the field of governance, only efficient systems that ensure the regulation of firms
Consequently, the systems observed would be considered efficient. This association between
survival and efficiency, contested by certain modern biological works (Acemoglu and Others,
2001).
Agency Theory
Agency theory suggests that the company can be viewed as relationship of contracts between
company executives or managers and shareholders, and it has its roots in economic theory
(Jensen & Meckling, 1976). Principals who are the owners of the company hire the agents to
do the work. Work is delegated by the owners who are the shareholders, to the directors or
managers, who are the shareholders’ agents (Clarke, 2004). Daily, Dalton and Canella (2003)
give prominence to two issues and point out that the company is reduced to two major
players, the management team and shareholders. Self-interest by management is one issue
that has always been a source of conflict as a result of lack of congruence between the
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aspirations of the principals and the agents’ pursuits (Bhimani, 2008). The theory basically
separates ownership and control, although it does very little to eradicate misconduct.
This theory originated in an analysis of Jensen and Meckling (1976) that focused on two
main objectives. The first ambitious objective was to propose a contractual theory of the firm
Inputs (Alchian and Demsetz,1972) Inspired by the theory of property rights, and focusing on
the agency relationship concept. The second more limited objective was to illustrate the
explanatory power of this theory with regard to the problem of the capital structure of the
firm.
If in the beginning, Jensen and Meckling considered the firm as a nexus of contracts,
associating the firm and the entire group of resource contributors (the team of productive
inputs), their limited objective of explaining the capital structure led them to construct a more
simplified model taking into consideration only two agency relationships. The first linked the
manager to the shareholders and the second linked the firm (represented by the managers and
This initial modeling, that gave priority placement to the analysis of the relationship between
the manager entrepreneur opening his capital and the new shareholders playing the role of
“Principal” and the manager that of the “agent” was to lead to the shareholder approach that
Traditionally associated with the legal approach to ownership, presumed (Amable and Petit,
1999) to recognize only the shareholders as the owners or the only “residual” (Aoki, 1980)
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claimants. It attributes the unique role of “security” of the financial investment to the
government. However, the shareholder model is most often based on the normative branch of
dominant model, that the shareholders are the only principals and the managers are the only
agents.
Moreover, it is possible to justify the shareholder conform to the positive branch of the
agency theory resulting from the analysis of Jensen and Meckling. In accordance with the
natural selection principle, we need only maintain that organizational practices have emerged
in endogenous fashion reinforcing the probability of survival of the firms that adopted them.
However, the question is now to justify this argument by attempting to identify the sources of
Ethics Theory
Ethical theory is a build-up on the concept of ethics in general. The term ethics comes from
the Greek word “ethos” meaning morals. Morality is the whole of opinions, decisions and
actions with which people express what they think is good or right. Business ethics is a study
of business activities, decisions and situations where business wrongs and rights are
addressed. Schofield (2006) notes that ethical theory sometimes focuses not on actions but
happiness, welfare, high productivity and expansion. The cardinal point in this theory is that,
it is essential to give the greatest happiness to the greatest number of people. Crane and
Matten (2007) observed that business ethics help to identify benefits and problems associated
with ethical issues within the firm. The agents should make all efforts to ensure that
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principals have satisfactory values with regards to their investment. The actions of the agents
will be adjudged morally right in the process of running the corporations on behalf of the
owners if the latter’s interest is well represented whereas it will be adjudged wrong if their
actions inflict pain on the interest of the principals. Closely related to the ethics theory is
Corporate Social Responsibility (CSR) which advocates for organizations and corporations to
and ecological considerations in all aspects of their operations. Jimi (2008) observes that
and transparency, corporate competence, corporate ethics, employee relations, human rights
among other aspects. Corporates continually seek to grow their brands from all possible
angles. Areas of focus include education, health, environment and the needy. Investment in
equipment and building clinics, planting trees, and helping the needy through empowerment
initiatives. The political front has its fair share of influence. The political theory, says politics
can affect a firm in many ways, it can determine ownership, size, production trend, accessing
capital, employees’ conduct and even how authority is distributed inside the firm. (Roe,
2003). The organizational operational dynamics of how managers and employees relate to
each is also influenced. Authority distribution is a key and can be aligned to the political
forces exerted on the firm. Chinese penetration into Africa is appropriate example in this
regard.
Empirical Review
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The Empirical Evidence Early studies on governance and organizational performance,
particularly prior to the start of this century, sought to establish the link between various
indicators with particular focus on the Anglo-Saxon economies, especially the U.S. Although
there are almost an infinite number of governance elements, the most examined issues in the
of CEO and Chair and board size. Studies by Hermalin and Weisbach (1991), Klein (1998)
and Bhagat and Black (2002) did not find any robust relationship between board
independence and firm performance. Lawrence and Stapledon (1999) investigated the Top-
100 Australian listed firms in 1995 and found no consistent association between independent
Ozuomba (2012) carried out a study on the impact of corporate governance on firm
proxied by a set of variable. i.e. dual role of the CEO, board independence and ownership
concentration while firm performance is measured by return on asset (ROA), return on equity
(ROE). They used the feasible generalized least squares (FGLS) on the dataset of 177 listed
companies in Vietnam for the period of 5 years, from 2008 to 2012, the findings of this study
indicate multiple effects of corporate governance on firm performance first, duality role of
the CEO is positively correlated with firm performance. Secondly there is a structural change
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independence has opposite impacts on firm performance. Finally, there is no significant effect
corporate governance on firm performance. The main purpose of their study is to examine the
employed in this study to measure firm performance, include return on assets, stock return
and Tobin’s Q. Regression analysis was used to resolve the data collected for this study and
the results indicate that firm performance is in negative and significant relation to board size,
CEO duality, stock pledge ratio and deviation between voting right and cash flow right, on
the other hand, firm performance is in positive and significance relation to board
The literature provides evidence that the relationship between managerial ownership and firm
performance is non-linear (Morck, Shleifer & Vishny 1988; Welch 2003; Li et al. 2007).
With respect to the link between CEO remuneration and firm performance, most of these
studies concluded that these variables are not related. One possible argument for this lack of
governance factors. Therefore, assessing the extent of the firm’s corporate governance
requires taking into account all of the variables that make up the firm’s overall corporate
governance system. Since the start of this century, researchers have started using a number of
governance attributes in combination (e.g. broad-based index) to proxy the firm’s governance
(Love, 2012).
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Tek (2013) Review empirical evidence on the link between compliance with governance of
best practice and firms operating results. This study provides robust evidence in support of
the agency theory argument that corporate governance matters for a firm’s operating
performance using the corporate governance ratings as the governance proxy from Horwath
The researcher examine 60 sample firms to reveal that a firms governance is positively and
significantly related to firm performance as measured by return on equity, earning yield and
return on assets. This study extends the findings of these two reports which found a
disturbing trend in the corporate governance practice of Australian mid-cap companies both a
corporate governance and the performance of firms in Vietnam. In this study, corporate
The researchers used flexible generalized least square (EGLS) technique on 77 listed firms
trading over the period from 2006 to 2011. The findings of their study indicated that elements
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of corporate governance such as the presence of female board members, the duality of the
(CEO, the working experience of board members and the compensation of board members
have positive effects on the performance of firms, as measured by the return on asset (ROA).
The study also revealed that ownership of board members has a non-linear relationship with a
firm’s performance.
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CHAPTER THREE
METHODOLOGY
3.1 Introduction
This chapter provides how this study has been conducted to examine the impact of Corporate
describes the method, system, tools and procedures which the researcher employed in data
collection and for the analysis of data for purpose of this study. Thus, research methods
clearly explain the process undertaken in the collection of relevant information and analysis
of the data collected. This is because the success of the study depends a lot on the reliability
For this study, it was considered more appropriate ant convenient to used survey design. The
researcher used mainly interview and questionnaire as measuring instruments. Primary and
secondary data were employed. The researcher elicits information for the study via wide
range of research instruments. Thus, the researcher used questionnaire and physical
There are many service provides in Kwara State that makes use of Corporate Governance
operations but only one was contacted to participate in the survey. The firm is MTN Nigeria,
Ilorin. The management and administrative department were contacted because of their
relevance to the study. The population of the study is therefore made up of all employees of
MTN Nigeria, Ilorin, which is Ninety Six (96) as indicated by the company.
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3.4. Sample Size and Sampling Techniques
Simple random sampling techniques were adopted for this study because it gives equal
chances to all the people being chosen and it’s not being bias. However, the respondent are
The target population study aims at sampling size of 50 employees of MTN Nigeria, Ilorin,
Kwara State, covering the sample frames of the organizational performance sector which
include the managers, the staff of Administrative, Operation and Maintenance, Accounting
Sampling Techniques
Purposive sampling techniques were adopted in the research work; this will be choosing
accidentally as the entire employees of the companies under study were being examined for
the purpose.
The methods of data collection was survey method based on the topic of research, the
information on the topic and clarity complex questions. The source of data for this study was
purely primary in which data was obtained strictly through a well-structured and self-
administered questionnaire. The questionnaire was divided into sections (Section A and B).
operational item relating to the research work. The likert scale was used to structure the
questions ranges from 5 (Strongly agree) to (Strongly disagree). This scale was chosen
because the data collected through it was easy to code and simple to analyze clear and simple
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words were used to construct the questions, to make them easier for the respondent to
INTERVIEW: This is a method of data collection instrument which involves a face to face
contact or interaction between the two parties involves. This enable the researcher to interact
This was used in addition to questionnaire method to collect more information which were
OBSERVATION: This is the method whereby the researcher was able to share in live and
activities of the events being studied during the research work. This give researcher the
opportunity to view personnel on duty and to watch the collective bargaining, it enhances
The descriptive statistic, Simple linear Regression, correlation is used to test the hypotheses.
The statistical tools were selected as a result of the study and hypotheses formulated. The
study was casual design, studying the effect of an independent variable (e-marketing) will
Simpler Linear Regression was used to test hypothesis and to achieve objective. This was to
examine the effect of variables. i.e. independent (e-marketing) has no dependent variable
(profit) and the choice of the simple linear regression and not multiple linear regression for
this was because the predictor which was dependent variable is not more than one.
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The choice of correlation was to test the hypothesis on (H 01) and to achieve the objective one
respectively, to examine if the two variables i.e dependent and independent variable are
correlated.
Therefore, it can be said that with the help of these methods, the researcher will analyze the
data in order to answer the research questions and test the acceptability of the hypotheses.
However, tabulation and percentage method were used in the presentation and analysis of
data.
MTN Nigeria is the Nigerian subsidiary of MTN group, and it is one of the leading
Telecommunication Companies in Nigeria. MTN Nigeria was established in 2001, after MTN
MTN Nigeria launched its commercial services in August 2001 and quickly grew to become
one of the largest mobile operators in Nigeria. The company’s growth was driven by its
strong focus on network quality customer service, and innovative product offering.
In 2006, MTN Nigeria became the first G.S.M. Network to make a call following the globally
(NCC). Since then, MTN Nigeria has continued to expand its network coverage and product
offering.
Nigeria for non-compliance with SIM registration rule. After negotiations, the fine was
eventually reduced to $1.7billion, and MTN Nigeria agreed to pay the amount over a period
of three years.
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Despite this set back, MTN Nigeria has continued to grow and expand its operations in
Nigeria. As of 2021, MTN Nigeria had over 78 million subscriber, making it the largest
network services, including voice, data, and digital services, and has played a significant role
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CHAPTER FOUR
4.1. INTRODUCTION
This chapter deals with presentation, analysis and interpretation of data collected from the
The researcher has made an attempt to analyze and discuss the data from the research
questionnaires one after the other in a logical sequence. Fifty (50) questionnaires are
distributed to the staff of MTN Nigeria, Ilorin all were dully completed and returned back to
the researcher.
The analysis of the responses given by the staff of MTN Nigeria Company is stated thus:
The tables 4.2.1 above shows that 35 respondents are male represent 65% while 15
respondents are female represent 35%. This means the statistical shows that there are more
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31-40 20 40
41-50 10 20
51&above 10 20
Total 50 100
Source: Research Survey 2025
The table 4.2.2 shows that to 10 respondents are between 18-30years representing 15%, 20
respondents are between 31-40years represent 40%, 10 respondents are between 41-50 years
representing 20%, while 10 respondents are between 51 and above representing 20%.
The table 4.2.3 above shows that 24 respondent are single representing 48%, 26 respondent
are married representing 52%, while none of the respondent is a divorced or a widow.
The table 4.2.4 above shows that 15 respondents representing 30% are from administrative
20%, 10 respondents are accounting and finance department representing 20%, 5 respondent
are from commercial department representing 10%, 5 respondents are from engineering
representing 10%.
The table 4.2.5 above tell us that 10 respondents representing 20% are WAEC holders, 15
respondent also representing 30% are ND/NCE holders, 20 respondents representing 40% are
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16 and above 7 14
Total 50 100
Source: Research Survey 2025
The table4.2.6 above shows that 9 respondents are between 1-5years representing 18%, 20
representing 28% are between 11-15years, while 7 respondents are between 11-15years,
while 7 respondent are between 16years and above of length of service represent 14%.
SECTION B
From the table above, 28 Respondents representing 56% strongly agree that a high level of
representing 34% agree that communication line among the various department are effective,
are ineffective, while 1 Respondent representing 2% neither agree nor disagree that
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This show that majority of respondent perceived the communication lines among various
employees
From the table above, 35 Respondents representing 70% strongly agree that organization
10% agree that organization values and promotes effective communication among
employees, none of the Respondent neither agree nor disagree that organization values and
disagree that organization do not values and promotes effective communication among
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OPTION FREQUENCY PERCENTAGE %
Strongly Agree 30 60
Agree 12 24
Neutral - -
Disagree 7 14
Strongly disagree 1 2
Total 50 100
Source: Research Survey 2025
From the table above, 30 Respondents representing 60% strongly agree that their
organization addresses employees concerns and feed bank in timely and effective manner, 12
Respondents representing 24% agree that their organization addresses employees concerns
and feed bank in timely and effective manner, none of the respondent neither agree nor
disagree that their organization addresses employees concerns and feed bank in timely and
effective manner, 7 Respondents representing 14% disagree that their organization do not
addresses employees concerns and feed bank in timely and effective manner, 1 Respondent
paramount
From the table above, 25 Respondents representing 50% strongly agree that management of
the organization considers their welfare paramount, 10 Respondents representing 20% agree
representing 10% neither agree nor disagree that management of the organization considers
their welfare paramount, 6 Respondents representing 12% disagree that management of the
organization did not considers their welfare paramount, while 4 Respondents representing
8% strongly disagree that management of the organization did not considers their welfare
paramount.
This suggest that majority of the respondents believe that their welfare is considered
Question 5: The organization provides appropriate financial incentives and reward for
exceptional performance
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From the table above, 35 Respondents representing 70% strongly agree that their
appropriate financial incentives and rewards for exceptional performance, none of the
respondent neither agree nor disagree their organization provides appropriate financial
disagree that their organization did not provides appropriate financial incentives and rewards
for exceptional performance, while 1 Respondent representing 2% strongly disagree that their
organization did not provides appropriate financial incentives and rewards for exceptional
performance.
This shows that majority of the employee believe that the organization provide appropriate
Question 6: The remuneration you receive from organization is fair and satisfactory
From the table above, 28 Respondents representing 56% strongly agree that the remuneration
they receive from their organization is fair and satisfactory, 10 Respondents representing
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20% agree that the remuneration they receive from their organization is fair and satisfactory,
1 Respondent representing 2% neither agree nor disagree that the remuneration they receive
from their organization is fair and satisfactory, 8 Respondents representing 16% disagree that
the remuneration they receive from their organization is not fair and satisfactory, while 3
Respondents representing 6% strongly disagree that the remuneration they receive from their
This result indicate that majority of respondents view their remuneration as fair and
satisfactory.
From the table above, 32 Respondents representing 64% strongly agree that colleague in their
Respondent representing 2% neither agree nor disagree that colleague in their organization
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consistently demonstrate honesty, integrity, and professionalism in their workplace, 5
Respondents representing 10% disagree that colleague in their organization did not
none of the Respondents strongly disagree that colleague in their organization did not
This result indicate that majority of respondents view their colleague in their organization
Question 8: Ethical consideration are taken into account when making business in your
organization
From the table above, 20 Respondents representing 40% strongly agree that ethical
consideration are taken into account when making business decision in their organization, 18
Respondents representing 36% agree that ethical consideration are taken into account when
agree nor disagree that ethical consideration are taken into account when making business
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decision in their organization, 5 Respondents representing 10% disagree that ethical
consideration are not taken into account when making business decision in their organization,
while 2 Respondents representing 4% strongly disagree that ethical consideration are not
Question 9: The work ethics in your organization are strong and contribute to a positive
work culture
From the table above, 15 Respondents represent 30% strongly agree that the work ethics in
their organization are strong and contributes to a positive work culture, 20 Respondents
represent 40% agree that the work ethics in their organization are strong and contributes to a
positive work culture, 5 Respondents represent 10% neither agree nor disagree that the work
ethics in their organization are strong and contributes to a positive work culture, 10
Respondents represent 20% disagree that the work ethics in their organization are not strong
and contributes to a positive work culture, none of the respondent strongly disagree that the
work ethics in their organization are not strong and contributes to a positive work culture.
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Question 10: The organization foster a supportive and inclusive work environment
From the table above, 10 Respondents representing 20% strongly agree that their
representing 56% agree that their organization foster a supportive and inclusive work
environment, none of the respondent neither agree nor disagree that their organization foster
a supportive and inclusive work environment, 10 Respondents representing 20% disagree that
their organization did not foster a supportive and inclusive work environment, while 2
Respondents representing 4% strongly disagree that their organization did not foster a
Question 11: Your organization values your contributions and recognizes your
achievement
40
Disagree 10 20
Strongly disagree - -
Total 50 100
Source: Research Survey 2025
From the table above, 15 Respondents representing 30% strongly agree that their
representing 50% agree that their organization values their contribution and recognize their
achievement, None of the Respondent neither agree nor disagree that their organization
values their contribution and recognize their achievement, 10 Respondents representing 20%
disagree that their organization did not values their contribution and recognize their
achievement, while None of the Respondent strongly disagree that their organization did not
Question 12: Organization has a positive impact on the development of community and
society as a whole
From the table above, 25 Respondents represent 50% strongly agree that their organization
nor disagree that their organization has a positive impact on the development of community
and society as a whole, 4 Respondents represent 8% disagree that their organization has no
represent 2% strongly disagree that their organization has no positive impact on the
Question 13: Do you comply that your organization has a positive reputation that would
From the table above, 10 Respondents represent 20% strongly agree that their organization
has a positive reputation that would make others associate with them, 15 Respondents
represent 30% agree that their organization has a positive reputation that would make others
associate with them, 5 Respondents represent 10% neither agree nor disagree that their
organization has a positive reputation that would make others associate with them, 8
Respondents represent 16% disagree that their organization has no positive reputation that
42
would make others associate with them, 2 Respondents represent 4% strongly disagree that
their organization has no positive reputation that would make others associate with them.
From the table above, 25 Respondents representing 50% strongly agree that their
representing 26% agree that their organization produce high-quality product and services to
their customer, 2 Respondents representing 4% neither agree nor disagree that their
representing 10% disagree that their organization did not produce high-quality product and
services to their customer, while 5 Respondent representing 10% strongly disagree that their
organization did not produce high-quality product and services to their customer.
Question 15: All the feedback about your organization reputation is negative
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OPTION FREQUENCY PERCENTAGE %
Strongly Agree 5 10
Agree 5 10
Neutral 1 2
Disagree 35 70
Strongly disagree 4 8
Total 50 100
Source: Research Survey 2025
From the table above, 5 Respondents representing 10% strongly agree that all the feedback
agree that all the feedback about their organization reputation is negative, 1 Respondent
representing 2% neither agree nor disagree that all the feedback about their organization
reputation is negative, 35 Respondents representing 70% disagree that all the feedback about
disagree that all the feedback about their organization reputation is not negative.
TES OF HYPOHESIS
as the basis for further investigation. Hypothesis is the guide for investigation in the entire
process of research endeavour and keeps the researcher on the main line of study on impact
This section is considered with the testing of hypothesis, two alternative conclusions are
involved.
44
A. NULL HYPOTHESIS (H0): is a statement that assumes there is no significant
null hypothesis (H0). It represents the claim or hypothesis that a researcher is trying to
The researcher adopted the use of chi-square method to test the hypothesis at 5% significance
level.
Agree 17 10 7 4.9
Neutral 1 10 -9 8.1
Disagree 4 10 -6 3.6
Total 50 50 59
hypothesis (Ho) is rejected and the alternative accepted. Thus there is significance
Hypothesis Two
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Ho: Remuneration has no significant effect on Employees’ Commitment
Agree 8 10 -2 0.4
Disagree 6 10 -4 1.6
Total 50 50 82.6
Since the computed value x2= 82.6 is greater than the critical value of 9.49. The null
hypothesis (Ho) is rejected and the alternative accepted. Thus there is significance
Hypothesis Three
Ethics on Corporate.
Agree 18 10 8 6.4
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Neutral 5 10 -5 2.5
Disagree 5 10 -5 2.5
Total 50 50 27.8
Decision rule:
Since the computed value x2= 27.8 is greater than the critical value of 9.49. The null
hypothesis (Ho) is rejected and the alternative accepted. Thus there is significance
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4.3. DISCUSSION OF FINDINGS
These findings highlight the importance of effective communication in fostering positive job
satisfaction among employees. When communication lines among various departments are
seen as effective, employees are more likely to feel confident and satisfied with their work
address employee concerns in a timely manner, and provide appropriate incentives and
rewards for exceptional performances are likely to enhance job satisfaction among their
employees.
It is worth noting that while the regression analysis provides evidence of a relationship
establish causality. Other factors not included in this analysis may also contribute to
employees' job satisfaction. Further research and analysis may be required to explore the
job satisfaction.
practices within organizations to enhance employees' job satisfaction, which can ultimately
50
CHAPTER FIVE
The current investigation focus on the Impact of Corporate Governance on the Performance
the study. Data were obtained from audited annual report of MTN NG.
The result of the literature review and data analysis revealed that existence of a positive but
on one other, and between remuneration and employees’ commitment on the other hand.
However, negative but non-significant relationships exist between work ethics and corporate
reputation. Base on the findings of the current study, the following recommendation has been
put forward. In order to prevent distress in the Telecommunication sector, there should be a
5.2. CONCLUSION
Based on the findings of this research work, the conclusion deduced from the finding of this
governance framework can lead to better performance outcome for the organization. It is
important for organization to ensure that they have sound corporate governance practices in
place in order to improve their performance and enhance their competitiveness in the market.
51
Effective communications among their employees are likely to have higher level of
employees’ satisfaction and performance. The finding highlights the importance of effective
It can be concluded that corporate governance plays an important role in ensuring good
business behavior. This finding implies that organizations with strong corporate governance
structure are more likely to comply with ethical standards, have better accountability and
5.3 RECOMMENDATIONS
The researcher recommends the following based on the findings of this study:
1. The management of MTN NG, Ilorin, should look deep into their corporate
organizational performance.
3. MTN NG, Ilorin should increase the level communication between top management
4. MTN NG should ensure that the concept of their corporate governance process is
52
REFERENCES
4(11) 28-34
Henry, Lydia, Shadrack and Paul Mbiti (2014) effect of corporate governance on
dissertation. 10-13.
Jensen, M. and Meckling, W. (1976). Theory of the firm: managerial behavior, agency cost
Anyanwu, A. (2002). Research methodology in business and social science, Owerri: Canum
Crawford, J. (2007). The Reform of Corporate Governance: Major Trends in the U.S.
http:/www.oecd.org/corporate/principles-corporate-governance.htm. Accessed
2017/07/16.
Santos, J. B. and Brito, L.A.L, (2012). Toward a Subjective Measurement Model for Firm
http:/www.oecd.org/corporate/principles-corporate-governance.htm. Accessed
2017/07/16.
54
APPENDIX
Dear Sir/Ma,
This questionnaire as part of my final year undergraduate study work, is designed to collect
data on the above topic in order to examine how Corporate Governance has impact on
organizational performance in the workplace and how that relates to the increase or decrease
in employee’s performance in MTN Nigeria Company. However, you can be rest assured that
every information supplied will be treated with utmost confidentiality and used purely for
academic purpose alone.
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SECTION A
Personal Information of The Respondents
1. Gender: (i) Male ( ) (ii) Female ( )
2. Age in years: (i) 18-20 years ( ) (ii) 21-30 years ( ) (iii) 31-40 years ( ) (iv) 41 years
and above ( )
3. Marital Status: (i) Single ( ) (ii)Married ( ) (iii) Divorced ( ) (iv) Widow/Widowers ( )
4. Educational Qualification: (i) First School Leaving Certificate ( ) (ii) O’Level ( ) (iii)
N.C.E/O.N.D ( ) (iv) H.N.D/Bachelor’s degree ( ) (v) Master‘s degree ( ) (vi) Ph.D ( )
5. Department: (i) Operation & Maintenance ( ) (ii) Accounting & Finance ( ) (iii)
Engineering ( ) (iv) Engineering ( ) (v) Commercial ( ) Information ( )
6. Length of services: 1-5 ( ) 6-10 ( ) 11-15 ( ) 16&above ( )
SECTION B
Please choose the option that best expresses your view on the relationship between
organizational politics and your performance at your workplace. Please tick (√) as follows.
Strongly Agree (SA), Agree (A), Undecided (U), Disagree (D), Strongly Disagree (SD)
S/ STATEMENTS SA A U D SD
N
1. Communication lines among various departments are seen as
effective
1. Your Organization values and promotes effective
communication among employees
1. Your organization addresses employee’s concerns and feedback
in a timely and effective manner
2. The management of your organization considers your welfare as
paramount
3. The organization provides appropriate financial incentives and
reward for exceptional performance
4. Colleagues in your organization consistently demonstrate
honesty, integrity, and professionalism in their workplace
5. Colleagues in your organization consistently demonstrate
honesty, integrity, and professionalism in their workplace
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6. Ethical consideration are taken into account when making
business in your organization
57