Assessment On Corporate Governance Practice The Commercial Bank Of Ethiopia

This study was conducted to evaluate the corporate governance practices of the commercial bankrnof Ethiopia with the requirements set by the government, the supervisory authority (NBE) andrnrecommendations forwarded by internationally accepted organizations (OECD, the Baselrncommittee, and other major multinational organizations). The practice of corporate governancernwas the critical focus of the study. Major components like the Role of the Owner/PFEA/ to SoundrnCorporate Governance, Responsibilities of the BoD of the Bank, The Board’s size, nomination,rncomposition and Qualification, Stakeholders, Disclosure and Transparency, Internal Control,rnRisk and Compliance and The Role of Senior Management of the Bank were taken as majorrndeterminant variables. A descriptive research approach was employed to achieve the goal of thisrnresearch. The total population and target population were all managers of the bank and managersrnworking in Addis Ababa. A sample of responding staff was drawn of 388 managers, 260 werernworking at branches and districts in Addis Ababa, whilst the remaining 128 were assigned inrndifferent organs of the Head Office, were involved in the study. In order to get relevant data fromrnthe target population questionnaire and interviews were used. A questionnaire preparedrnaddressing those variables were distributed and related documents were also reviewed. The datarngathered through questionnaires was analyzed and presented using SPSS software. The interviewrnand secondary data that were compiled and duly analyzed against the data obtained through thernquestionnaire. A descriptive research approach was employed to achieve the goal of this research.rnBased on the outcome, conclusion and recommendations were forwarded. In this respect,rngenerally the finding result portrayed that the culture of corporate governance in the CBE is goodrnbut still has a setback and needs improvements. Based on the major findings, the study reached arncertain conclusion and presented some possible recommendations so as to alleviate the problems.rnKeywords: Corporate Governance, PFEA, The Board’s size, nomination, composition andrnQualification, Stakeholders, Disclosure and Transparency, Internal Control, Risk and Compliancernand Senior Management of the Bank

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