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From a banking industry perspective, good corporate governance demands that banks will operate in a safe and sound manner, comply with applicable laws and regulations and protect the interests of depositors. This paper, however, posits that unless accompanied by institutional and regulatory reforms the code of corporate governance for banks will be rendered useless and the aim of the consolidation exercise, which is to engender the emergence of a strong, competitive and reliable banking system will be defeated. NESG Economic Indicators Vol. 12 (2) 2006: pp. 55-63
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Ian Wilson (2006) studied this question.
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