Mechanisms of Effective Corporate Governance for Credit Establishments in the CEMAC Region

Lilian Manka, Tankoh (2023) Mechanisms of Effective Corporate Governance for Credit Establishments in the CEMAC Region. International Journal of Business Diplomacy and Economy, 2 (4). pp. 141-151. ISSN 2833-7468

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Abstract

A great amount of attention is being given as of now to issues of good corporate governance around the world and in the CEMAC region as well as financial institutions which is as a result of the high profile accounting scandals that occurred in the 1980s and 1990s. These scandals saw the fall of major financial institutions around the world and it was largely attributed to corporate governance failures. These events have ignited the importance of implementing good corporation governance mechanisms for financial institutions including credit establishments in the CEMAC Region. This study examined the various mechanism of good corporate governance for credit establishments provided by the law within the CEMAC region. To achieve this objective, the study comprehensively reviewed literature on the key issues under consideration. It adopted a qualitative approach to obtain primary and secondary data for the study. The study majorly found out that good corporate governance mechanisms include internal governance mechanisms based on specific mechanisms and actions taken by individual firms to enforce control and accountability. They also include external governance mechanisms- which include regulatory and supervisory bodies to enhance the efficiency of credit establishments. Consequently, good corporate governance is essential for achieving success in credit establishment and in turn for the economic growth as a whole. The researcher recommends the effective implementation of the good governance mechanisms provided for by the COBAC regulations and the OHADA UNIFORM ACT as well as other related instruments within the CEMAC Region by credit establishments to ensure the achievement of greater performance and governance effectiveness.

Item Type:	Article
Subjects:	J Political Science > JA Political science (General)
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	29 Apr 2023 14:31
Last Modified:	29 Apr 2023 14:31
URI:	http://eprints.umsida.ac.id/id/eprint/11514

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