A Descriptive Analysis of Bank Employees' Views on Governance and Bank Success in South-West Nigeria

Abstract

This study explores bank employees' views on the role of governance in the success of banking institutions in South-West Nigeria. The research uses an ex-post-facto design, targeting bankers from Lagos, Ogun, and Oyo states. A sample of 600 bankers was selected through random sampling. The study distinguishes between senior ((Highly Ranked Bankers -HRB) and junior (Lowly Ranked Bankers - LRB) bankers to compare perceptions of board composition and its influence on governance and organizational success. Data were collected via questionnaires and analyzed using mean, standard deviation, and t-test statistics. Findings show differing views between HRB and LRB. Senior bankers disagreed with the view that directors involved in daily operations should be on the board, citing concerns over operational interference. Junior bankers, however, emphasized the importance of a balanced and diverse board. The t-test analysis revealed no significant difference in the perceptions of HRB and LRB regarding governance’s impact on organizational success. The study concludes that effective board composition, including independence, expertise, and diversity, is crucial for improving governance practices and ensuring better organizational outcomes. It recommends clearer role definitions for board members to enhance accountability and reduce conflicts.