Abstract
Research Objective: This study explored the impact of corporate governance, specifically oversight mechanisms and remuneration, on the financial performance of selected listed oil and gas firms in Nigeria’s capital market.
Methodology: Quantitative research methods were used to collect and analyse data on corporate governance structures, financial performance metrics, and other relevant variables from a sample of publicly listed oil and gas firms.
Findings: The results revealed that oversight mechanisms have a positive but insignificant effect on return on assets, while remuneration exhibited a significant negative effect on return on assets.
Conclusion: The study provided valuable insights for policymakers, investors, and stakeholders on the relationship between corporate governance and financial performance, highlighting the need to refine remuneration practices to improve firm performance.
Recommendations: Firms should reevaluate their remuneration structures to ensure alignment with performance goals. Investors and policymakers should focus on strengthening corporate governance, particularly oversight mechanisms, to foster sustainable financial growth in the oil and gas sector.
Key words: Corporate Governance, Financial Performance, Oversight, Remuneration.
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