ABSTRACT
The necessitated or prompted for the researcher to embark on this study was
a result of an increasing profile of corporate failure, reduce public or
stakeholders confidence, as a result imbalance of interest and other
malfeasance act that are purported in share return, annual statement and/or
unfair dealing that resulted to increase risk to companies. As the topic goes, ‘
the principles of good corporate governance and best practice
recommendations in Nigerian listed companies’ regulation, commitment and
compliance.
However, the objectives of this study revolves round: the corporate
governance practice in term of balancing stakeholder interest, to ascertain
the fairness, transparency and accountability of returns given to shareholders
of the firms. While the methodology adopted was secondary approach where
value added statement are tested in terms of “ annual industrial average,
periodic industrial average” to draw a comparism and the use of percentage
table to test the research questions.
Then, the major finding includes: that among the sectors chosen
banking sector paid least dividend values to its shareholders, that values not
distributed to shareholders were retained for the business development and
the retentions form part of wealth to shareholders or for expansion. Equally,
