Research Proposal on Corporate Governance Disclosure Practices of Listed Companies in Ghana: An Evaluation
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Corporate Governance Disclosure Practices of Listed Companies in Ghana: An Evaluation
The working title of the study is initially drafted as – Corporate Governance Disclosure Practices of Listed Companies in Ghana: An Evaluation. Corporate governance simply refers to the set of processes, customs, policies, laws and institutions which affect a firm’s way of directing, administering and/or controlling.
2.0 Background of the Study
Early definition of corporate governance states that corporate governance refers to the way by which shareholders decide in carrying out the business. Such a business concept eventually resulted in generation of more profit because it is perceived that the business conforms to the conventional regulations that the society created and identified by various laws and regulations. By virtue, such definition of corporate governance is underpinned by capitalism of shareholder.
On a more recent note, corporate governance refers to the part of economics, enabling the investigation on effective management of the internal and external affairs of a company or organization. In doing such, however, various administrative tools are used for control including contracts, organizational structures and policies and legislations (Mathiesen, 2002). Objective of corporate governance is central on improving the overall performance of the firm, mainly considering the financial performance. Another definition also relates with shareholders as the manner of directors who manage their duties and responsibilities in accordance with the shareholders’ interest (Maw et al, 1994).
3.0 Statement of the Problem
The study intends to investigate corporate governance disclosure practices in Ghana. Specifically, the investigation will center on the evaluation of corporate governance disclosure practices of listed Ghanaian companies. Listed Ghanaian companies conform to disclosure requirements of the Companies Act of Ghana, the Corporate Governance Code of the Securities and Exchange Commission of Ghana, the Listing Rules of the Ghana Stock Exchange and international best practice using the OECD Guidance on Good Corporate Governance Disclosure Practices. Recommendations to improve corporate governance disclosures will be made at the end of the evaluation.
4.0 Aims and Objectives
The main aim of the study is to evaluate the corporate governance disclosure practices of listed Ghanaian companies. Disclosure is a regulatory tool that is used by the national and international business communities to ensure that companies are being truthful, rightful and just. In lieu with this, the following specific objectives will be addressed:
- To determine the role of annual reports on corporate governance disclosure of listed Ghanaian companies
- To distinguish the challenges experienced by the listed Ghanaian companies in disclosing corporate governance
- To analyze the problems as experienced by listed Ghanaian companies in disclosing according to national and international legislation
5.0 Overview of Methodology
This study will use the descriptive type of research which is a process of gathering information about the present existing condition. The purpose of employing this method is to describe the nature of a situation, as it exists at the time of the study and to explore the cause/s of particular phenomena. Data for the evaluation will be picked entirely from the annual reports of the listed companies as well as other reports issued by the listed companies and from the websites of the companies.
For this research design, the researcher will gather published studies from different local and foreign universities and articles from business journals; and make a content analysis of the collected documentary material. As such, the study is archival in nature. Afterwards, the researcher will summarize all the information, make a conclusion and provide insightful recommendations that deal with the corporate governance disclosure practices.
The study shall use the annual report of respondent corporations to gather pertinent data. Moreover, the researcher shall also use previous studies and compare it to its existing data in order to provide conclusions and competent recommendations.
Mathiesen, H. (2002), “Managerial Ownership and Financial Performance”, Ph.D. dissertation, series 18.2002, Denmark, Copenhagen Business School.
Maw, N., Lane, L. & Craig-Cooper, M. (1994), Maw on Corporate Governance, ed. by Alison Alsbury, Dartmouth Publishing.