CORPORATE GOVERNANCE AND HUMAN RESOURCE MANAGEMENT IN NIGERIA’S DOWNSTREAM PETROLEUM SECTOR
DOI:
https://doi.org/10.1515/saeb-2017-0009Keywords:
corporate governance, human resource management, petroleum, downstream, NigeriaAbstract
The emergence of a ‘new world economy’ makes it imperative for corporate entities to adjust their corporate values, practices and internal processes. The paper considered the requisite regulations, policies and human resource outcomes attributable to wider spectrum of stakeholders. Specifically, the paper explored interrelatedness of selected corporate governance practices and human resource management out comes. In this regard, the paper relied on established corporate management theories as a platform for empirical consideration of selected issues relative to four established players in Nigeria’s downstream petroleum sector. Contextual arguments towards are captured to achieve a more robust appreciation of issues affecting individual participations and operations of the corporate entity. The study found that there is a significant relationship between corporate governance practices and human resource management outcomes.
JEL Codes - M10, M12References
Anyadike, N. O., 2013. Assessment of the implication of full scale deregulation of the downstream oil sector of the Nigerian economy: The neoliberalism approach. Global Journal of Political Science and Administration, 1(2), 23-48.
Armstrong, M., 2012. Armstrong's handbook of human resource management practice: Kogan Page Limited.
Balouga, J., 2012. The political economy of oil subsidy in Nigeria: International Association for Energy Economics.
Brown, M. S., Muchin, K., and Rosenman, Z., 2004. The ratings game: corporate governance ratings and why you should care. Global Corporate Governance Guide 2004. London: Globe White Page.
Budd, J., and Scoville, J., 2005. The ethics of human resources and industrial relations: Labour and Employment Relations Association.
Burleigh, M., 2013. A country so corrupt it will be better to burn our aid money. from www.dailymail.co.uk/dilute/article-2387359/Nigeria-country-corrupt-bettre-burn-aid-money.html
Ebrahim, Z., Inderwildi, O. R., and King, D. A., 2014. Macroeconomic impacts of oil price volatility: mitigation and resilience. Frontiers in Energy, 8(1), 9-24. doi: http://dx.doi.org/10.1007/s11708-014-0303-0
Ejiofor, A., 2014. Poor corporate governance retards growth of Nigeria’s oil industry. from http://allafrica.com/stories/201412160632.html
Freeman, R. E., 1984. Strategic management: A stakeholder theory. Journal of Management Studies, 39(1), 1-21. Companies and Allied Matters Act (2004).
Garratt, B., 2003. Thin on top: Why corporate governance matters and how to measure and improve board performance. London: Nicholas Brealey Publishing.
Graeme, M., and Gollan, P. J., 2012. Corporate governance and strategic HRM in the UK financial services sector: The case of RBS. The International journal of HRM, 23(16), 3295-3314.
Heijltjes, M., and Witteloostuijn, A. V., 2003. Configurations of market environments, competitive strategies, manufacturing technologies and human resource management policies: A two industry and two country analysis of it. Scandinavian Journal of Management, 19(1), 31-62. doi: http://dx.doi.org/10.1016/S0956-5221(01)00039-2
Ite, A. E., Ibok, U. J., Ite, M. U., and Petters, S. W., 2013. Petroleum exploration and production: Past and present environment issues in Nigeria's Niger Delta. American Journal of Environmental Protection, 1(4), 78-90. doi: http://dx.doi.org/10.12691/env-1-4-2
Kim, E. H., 2009. Corporate governance and labour relations. Journal of Applied Corporate Finance, 21(1), 57-66. doi: http://dx.doi.org/10.1111/j.1745-6622.2009.00216.x
Kondalkar, V. G., 2007. Organizational behaviour. New Delhi: New Age International Limited publishers.
Monks, R., and Minow, N., 2004. Corporate Governance. Boston, MA: Blackwell Publishing.
Nerantzidis, M., Filos, J., and Lazarides, T. G., 2012. The puzzle of corporate governance definition(s): A content analysis. Corporate Board: Role, Duties & Composition, 8(2), 13-23.
Ombo, C. H., 2006. Nigeria’s petroleum market segments: Characteristics and financing requirements. Oil and gas financing in Nigeria: Issues, challenges and prospects, 29-37.
Oyewunmi, A. E., Oyewunmi, O. A., Ojo, I. S., and Oludayo, O. A., 2015. Leaders' emotional intelligence and employees' performance: A case in Nigeria's public healthcare sector. International Journal of Human Resource Studies, 5(3), 23-37. doi: http://dx.doi.org/10.5296/ijhrs.v5i3.7854
Oyewunmi, O. A., Osibanjo, O. A., Falola, H. O., and Olusola, J. O., 2017. Optimization by Integration: A corporate governance and human resource management dimension. International Review of Management and Marketing, 7(1), 265-272.
Psacharopoulos, G., and Woodhall, M., 1997. Education for development: An analysis of investment choices. Oxford, U.S.A.: University Press.
Roethlisberg, F. J., and Dickson, W. J., 1939. Management and the worker. Cambridge: Harvard University Press.
Sani, S., and Hamidu, A. S., 2014. Production sharing or joint venturing: What is the optimum petroleum sharing contractual arrangement for the exploitation of Nigerian oil and gas? Journal of Business and Management Sciences, 2(2), 34-44.
Sayre-McCord, G., 2000. Kant’s grounding for the metaphysics of morals: A very brief selective summary of sections I and II. Chapel Hill: University of North Carolina.
Soremekun, K., 2013. Nigeria, oil and the Yamani syndrome. Public Lecture Series. Nigeria: Covenant University.
Tamuno, S., and Felix, J. M., 2006. Crude oil resource: A blessing or curse to Nigeria - The Case of the Niger Delta. JORING, 4(2), 53-58.
Ugbomeh, B. A., and Atubi, A. O., 2010. The role of the oil industry and the Nigerian State in defining the future of the Niger Delta Region of Nigeria. African Research Review, 4(2), 103-112. doi: http://dx.doi.org/10.4314/afrrev.v4i2.58294
Unam, J. M., Agorzie, C. J., and Asaolu, T. O., 2012. Local content and technological capacity building of SMEs in the Nigerian oil and gas Industry: Energy, technology and infrastructure for development. Paper presented at the 2012 NAEE Conference.
Wright, P. M., 2003. Restoring trust: The role of HR in corporate governance. CAHRS Working Paper Series, 03-11.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2017 SCIENTIFIC ANNALS OF ECONOMICS AND BUSINESS

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
All accepted papers are published on an Open Access basis.
The Open Access License is based on the Creative Commons license.
The non-commercial use of the article will be governed by the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License as currently displayed on https://creativecommons.org/licenses/by-nc-nd/4.0
Under the Creative Commons Attribution-NonCommercial-NoDerivatives license, the author(s) and users are free to share (copy, distribute and transmit the contribution) under the following conditions:
1. they must attribute the contribution in the manner specified by the author or licensor,
2. they may not use this contribution for commercial purposes,
3. they may not alter, transform, or build upon this work.