Environmental Constraints of Corporate Governance : Evidence in Ghana

Abstract

The pertinence of corporate governance doctrines in the management of corporate organisations cannot be overlooked (underestimated). The increasing influence of principles of corporate governance around the world has been greatly linked to the recent corporate frauds and scandals. These frauds and scandals are largely the outcome from the failure of authorities of countries to effectively implement the legal and regulatory frameworks pertaining to corporate governance. Ghana is archetypal in regards to the failure of authorities to enforce the laws and regulations in relation to corporate governance. During the enforcement of the laws and regulations of corporate governance, some vitally important issues are either overlooked or deliberately deserted. This paper attempts to examine the legal and regulatory framework of Ghana in respect of corporate governance and points out the importance of conforming to good corporate governance. It also accentuates prevailing issues of corporate governance practice in Ghana. It finally makes some recommendations, which are considered the major contribution of this paper.