CORPORATE GOVERNANCE (CG) AND INTELLECTUAL CAPITAL (IC): EVIDENCE FROM NIGERIAN HIGHER INSTITUTION

Nigerian higher institutions are facing a number of challenges that border on corporate governance (CG) culture. This paper explores CG practices and retention of intellectual capital (IC) in a Nigerian higher institution. A combination of qualitative and quantitative research methods was employed. Content analysis of operational documents such as the enabling laws and policies of Lagos State Polytechnic, Lagos, Nigeria revealed the adoption of a number of CG practices, hence, there is the presumption that the relative peace and stability of IC in the institution are attributed to good CG practices. To empirically address this preposition, a self-administered questionnaire was distributed to some academic staff. Data generated were analysed by means of descriptive statistics.Findings confirmed sound CG practices and IC attraction of the Polytechnic. Hence, adoption of CG culture is recommended for Nigerian higher institutions. However, the need to improve on internal control and reporting system is also suggested.