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In order to promote accountability, probity and transparency, corporations must indulge in good corporate governance practices. This paper reviews extant literature on corporate governance, construct a framework that links corporate governance mechanisms to good corporate governance through board and ownership control systems and thereafter, develops testable propositions. It also indicates ways in which the various variables in the framework can be measured. The principal recommendation is that since most of the variables in the framework cannot be measured quantitatively, this paper recommends corporate governance investigators to adhere to qualitative research approach.

Ownership and board structures to ensuring effective corporate governance through ownership and board control systems