Managerial Incentives and Corporate Governance

Corporate governance involves different checks and balances with the ability to influence the incentives and monitoring of a firm''s management. Sound corporate governance is predominantly essential when a firm''s management is different from its ownership. Randall (2009) argued that in the absence of appropriate corporate governance, managers who are separate from a company''s ownership may not be incentivized to work hard towards achieving shareholders'' goal of maximizing profits. Instead, non-owner managers might end up lavishly spending money and other resources in ways that directly benefits themselves, for example on perks, and living an expensive life. Surprisingly, some other managers may be tempted to spend firm''s money to accumulate personal wealth through frauds or theft.


Musbau Kolawole Kayode,a very distinguished Nigerian scholar is a financial expert and chartered accountant of decades of professional experience and remarkable achievements.He is indeed an influential leader who is naturally endowed with great and rare qualities that have propelled him as a symbol of excellence,a role model and a worthy ambassador of his people and distinguished practitioner in his chosen career. He holds a bachelor of Science degree in Accounting(SECOND CLASS UPPER DIVISION)from the prestigious Ahmadu Bello University,Zaria in Nigeria and Master of Business Administration from yet another frontline University in Nigeria-Ladoke Akintola University of Technology,Ogbomoso.In pursuance of academic excellence and distinguished professional career,Musbau Kolawole Kayode also holds various professional qualifications.These include- Institute of Chartered Accuntant of Nigeria(FCA),Chartered Institute of Taxation(ACTI),Chartered Institute of Arbitration(ACIARB),Certificate in Business Management(APBM),and certificate in Data Processing. He has meritoriously served in various capacities in the banking industry and in the Federal civil service of the Federal republic of Nigeria.He is currently a DIRECTOR in the federal civil service of Nigeria. This talented son of Nigeria and Africa who is endowed with robust ideas and intellectual prowess is currently a Ph.D Candidate at the prestigious Atlantic International University where he is carrying out an academic research work on ''THE IMPACT AND DYNAMICS OF FINANCIAL MANAGEMENT AND ACCOUNTING IN A DEVELOPING ECONOMY-NIGERIA AS A CASE STUDY''.The special research work is a thesis for this academic programme which he is expected to conclude in record time. Musbau Kolawole Kayode has received various awards in recongnition of his distinguished professional career and in appreciation of his enviable track record of achievements.He is happily married and blessed with children.