Corporate Governance Practices: The case of Selected Commercial Banks in Ethiopia

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The study analyzed the corporate governance practice of selected commercial banks in Ethiopia. Both quantitative and qualitative approaches were followed using both primary and secondary sources of data. The study employed purposive and convenience sampling techniques to select study participants. A structured questionnaire was used to collect primary data and descriptive statistical techniques were used to analyze results. We found the corporate governance framework of selected commercial banks consistent with the principle. The study revealed that Board’s reluctance in approving and overseeing of the bank’s strategic objectives, governance framework, and risk management, Lack of professional competency from board members, lack of corporate culture, poor communication of information between the board and senior management, mismatch of remuneration structure with the bank’s overall corporate governance and risk management policy and lack of timely and accurate disclosure of material and financial information are the major challenges of corporate governance practices in the selected banks. Considering the findings, this study recommended that the existing practices of the selected banks need to ensure and improve their governance in line with OECD principles, the knowledge and skills of its board members and senior managers enhancing by continuous training and development and the selected banks should have clear picture of external stakeholders


A research submitted in Partial Fulfillment of the Requirements for the Degree master in Executive Business Administration


Corporate Governance, Disclosure and Transparency, Stakeholders;Bannk