Research Objective: The Nigerian Code of Corporate Governance (CG) has remained a managerial framework for corporate bodies in the country since its signing into law. This study investigated the functionality of the Code in Anambra Motor and Parts Limited, formerly ANAMMCO, Enugu. The study specifically assessed the role of corporate communication (CC) in actualizing CG in the firm and in promoting leadership accountability (LA) for industrial growth.
Methodology: Framed on agency theory, the research adopted the survey approach on a 5-point Likert Scale questionnaire sampled to 125 staff at the Enugu Headquarters of the company. Three hypotheses guided the study.
Findings: With Mean and Chi-square correlation at 0.05 Level of Significance (α), results show that CG functions at a significant positive level in ANAMMCO with a coefficient of Ẋ2c (20.13) < Ẋ2t (18.55). Results also show that Ẋ2c (19.61) < Ẋ2t (18.55), indicating that CC has enhanced CG significantly while acting as a buffer on LA with a coefficient of Ẋ2c (18.56) < Ẋ2t (18.55).
Conclusion: The study established the indispensability of CG in contemporary corporate business climate, and posits that communication remains vital in accomplishing CG.
Recommendation: It recommended that while corporate bodies adopt CG, their boards should not negate the importance of CC in accomplishing goals.
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