The Effectiveness of Corporate Governance on the Organizational Profitability of a Firm: Case Study of Green Chemicals, Edo State

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The Effectiveness of Corporate Governance on the Organizational Profitability of a Firm: Case Study of Green Chemicals, Edo State

ABSTRACT

This research work explored the effectiveness of corporate governance on the organizational profitability of a firm. Green Chemicals, Edo state was used as a case study. Frequencies, Percentages, Tables and Charts were used to present obtained data while chi-square Tests of independence and association was employed in testing the statistical significance of the null hypothesis. After subjecting each hypothesis under test, findings revealed that corporate governance has a significant influence on organizational Profitability. Effective regulatory mechanism also determines organizational profitability and success. Therefore, it was concluded that organizations need to put in efficient corporate governance and audit committees to ensure maximum profitability so they could survive in the business world.

Keywords: Corporate Governance; Organizational Profitability; Chi-square

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