Application Of Corporate Governance Principles And Challenges The Case Of Bunna International Bank S.c.

Corporate governance is essentially of greater importance to uphold the sustainablerngrowth and strongly operate in the competitive and regulatory landscape of banking business.rnThe study examined corporate governance practices and its challenges under the domain ofrnBunna International Bank S.C. Descriptive rsearch design was employed to conduct the casernstudy. The population was tought to be Chiefs, Directors, District Managers, Division Managersrnand Senior Branch Managers currently working at Bunna Bank Head office and three districtrnoffices at Addis Ababa namely;South,West, and East. Structured and closed ended questionnairernwere administered to collect data from the participants. Moreover, the collacted data wasrnanalyzed using SPSS version 25 and results were presented in the form of frequencies,rnpercentages and tabulation. Generally, the findings reveals that applicability of corporaterngovernance at Bunna bank are commendable in most aspects. Nonethless, areas such that raisngrnemployees awareness towards corporate governance, lack of clear and enforcement mechanisms,rnconflict of interest, misuse of authorities, reluctance to take responsibility, and lack of synergyrnbetween board and management are identified as the prevalence challenges. Subsequently,rnpossible recommendations are suggested which includes, the board should set “the top at therntone” and play a lead role in establishing the banks corporate culture and values, A bank’s codernof conduct or code of ethics, or comparable policy, should define acceptable and unacceptablernbehaviors, and establish a system that work on employee awareness regarding good corporaterngovernance

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