ABSTRACT

This study focused on the effect of corporate governance on organizational performance with reference to First Bank Nigeria Pie, Abia State Branch. Specifically, the research seeks to; ascertain the impact of adherence to corporate governance on the performance of the bank, ascertain the extent to which adherence to corporate governance affects employees· performance in the bank, and find out the factors influencing the adoption of corporate governance in the bank. Survey research design, primary and secondary data, simple random simple techniques was adopted. The population of the study comprises of 223 staff of First Bank Nigeria Pie, from all their eight branches in Abia State. Applying Taro Yaman's formula, the sample size was deduce to be /43 respondent, but 120 questionnaire was well filled and return which form the basis of data analysis. Descriptive Statistics, Person Product Moment Correction Analysis, Multiple Regression Analysis and Logistic Regression Analysis was used to analysed the objectives and test the hypotheses posited. The major findings revealed that: accountability, effectiveness. transaction and open leadership which are the vanables of corporate governance with the coefficient regression of (134.717), (77.946) and (37.715), respectively are positively related to the performance of First Banks Nigeria Pie in Abia State, at /% level (Sig< .01) of significance. At P-0.0l level of significance, adherence to corporate governance have a strongly positive effects on employees· performance with correlation coefficient of (r _.,. 0.876), the result farther revealed that: investors and depositors with the mean score of (i , 3.5), stakeholders influence with the mean score of (i --= 3.5). and financial crisis with the mean score of (X > 3.9) are the main factors affecting the adoption of corporate governance in the bank.The researcher concluded that financal institutions should operate within the pillars of corporate governance in other to enhance their performance. and recommends that First Banks Nigeria Plc should continue to maintain accountability, effectiveness, and open transaction in their adherence to corporate governance. The need for the bank to reduce the influence ofstakeholders on their adherence to corporate governance was also emphasised.