The Role of Corporate Governance in Business Performance in Ghana

The Role of Corporate Governance in Business Performance in Ghana

George K Amoako

The purpose of this chapter is to investigate factors that influence corporate governance issues in Africa and Ghana in particular. Good corporate governance is a key part of any organization that has and wants to maintain confidence, integrity, and efficiency for its stakeholders. It is also the basis to attract and retain best skilled human capital and financial capital on a sustained long-term basis. For this reason, it is important that good corporate governance not only is driven by compliance or regulatory requirements, but very importantly is also seen as a means by which nations, public and private sector companies, and indeed all economies can improve performance, competitiveness, and sustainability. This study seeks to demonstrate how corporate governance activities have influenced business success and how business success can be maintained through good governance in Ghana. It also seeks to ascertain and document how regulation can help shape governance issues in industry. Lastly, this study seeks to determine the extent to which nature and content of governance actions in Africa differ from Western and other economies in the world.
The study used a sample of companies listed in Ghana Stock Exchange (GSE) index and the Ghana Club 100 database, an annual ranking of the most prestigious firms in Ghana. The study adopted a focus group exploratory approach in reviewing the corporate governance and business performance issues from the perspectives of regulations and performance of the top firms in Ghana. The respondents were MBA students from Central University College. All the students were workers, with some …

Business Expert Press

2015

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English