A Comparative Analysis of the Corporate Governance Practices in Multinational and Domestic Banks in Zimbabwe

Ndlovu, Milton W. (2013) A Comparative Analysis of the Corporate Governance Practices in Multinational and Domestic Banks in Zimbabwe.

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Official URL: http://ir.nust.ac.zw/xmlui/handle/123456789/342

Abstract

The Zimbabwean banking sector has been characterised by a number of corporate governance disorders. This study aimed at analysing the corporate governance practices by multinational banks in comparison to domestic banks in Zimbabwe. It was hoped that the research would reveal the corporate governance discrepancies between multinational and domestic banks and hence assist the Reserve Bank of Zimbabwe in pursuing its supervisory role as well as bring awareness to stakeholders in the banking industry. The research adopted a cross-sectional survey research design. The target population consisted of all commercial and merchant banks in Zimbabwe. Primary data was gathered through questionnaires and interviews. Secondary data was also analysed in the research. The selection of the banks to be included in the sample employed stratified random sampling to ensure representation from each key group of banks in the sample. The study revealed that the awareness on the importance of sound corporate governance practices was of substandard levels for both bank categories. Domestic banks, in particular, had more shortfalls compared to multinational banks. Results further revealed that domestic banks did not represent shareholders? interests in their corporate governance practices and their levels of compliance to Reserve Bank of Zimbabwe?s corporate governance requirements was still lacking. Although corporate governance strategies by multinational banks were superior to domestic banks it was established that multinational banks needed to accept local central bank requirements on corporate governance as an engine to enhance their corporate governance strategies.

Item Type: Article
Uncontrolled Keywords: corporate governance,multinational banks,domestic banks,compliance,strategies,Reserve Bank of Zimbabwe
Divisions: Universities > State Universities > National University of Science and Technology
Depositing User: Mr. Edmore Sibanda
Date Deposited: 30 Nov 2015 23:31
Last Modified: 30 Nov 2015 23:31
URI: http://researchdatabase.ac.zw/id/eprint/1166

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