CORPORATE GOVERNANCE: THE THEORETICAL PERSPECTIVE OF BOARD LEADERSHIP STRUCTURE AND THE FIRM PERFORMANCE

Bagudu, Ahmad Ibrahim & Bappa, Isa Magaji

Office Technology and Management (OTM) Department

Federal Polytechnic Bali, Bali, Taraba State.

Email: zibagudu@yahoo.com, bappamagaji@gmail.com

ABSTRACT

Corporate governance has been bounded by controversy due to the recent unfortunate events of unethical and irresponsible behavior by the managers as related to fraud and economic crises of international corporations. The purpose of this paper is to examine the theoretical and empirical literature on board leadership structure and the firm performance. The review willidentify the context in which corporate governance occurs as potential to international trends that focus on extensive body of knowledge on how CEO/Chair duality would influence the firm performance, and to figure out whether CEO/Chair duality has any certain impact on firm performance with reference to agency and stewardship theory, as there are mixed results produced by researchers. Finally, is of paramount important, if further theoretical studies are carried out to improve national and international standards concerning corporate governance with the aim of balancing the interests of organizations and their stakeholders.

Keywords: Corporate governance, Board leadership structure, Firm performance