Corporate governance practices as correlates of academic staff performance in universities in Osun State
This study identified the existing corporate governance practices in public and private universities in Osun State and examined the level of compliance of university authorities in their corporate governance practices with their statutes in the study area. It also investigated the levels of performance (depth of teaching and research) of academic staff in both public and private universities in the study area and examined the relationship between academic staff performance and corporate governance practices in the study area. These were with a view to providing information on the relationship between corporate governance practices and academic staff job performance in universities in Osun State. The study adopted the descriptive survey research design. The population for the study comprised the Council and Senate members or their proxies, academic staff, and heads of departments of universities in Osun State. The sample consisted of 188 respondents who were selected using multi-stage sampling procedure. Four universities comprising two private and two public universities were selected from the seven universities in the State using stratified sampling technique according to ownership type. From each of the four universities, three council members and five non-council members of the Senate were selected using simple random sampling technique. Three faculties/colleges were selected using simple random sampling technique. Ten non-senate members of the faculties/colleges were selected using stratified sampling technique with ranks (middle and lower) for stratification. Three Heads of Departments from each of the selected faculties/colleges were selected using simple random sampling technique. The study made use of three instruments titled Corporate Governance Practices Questionnaire (CGPQ), Interview Guide on Academic Staff Performance Index in Universities (IGASPIU) and Heads of Departments' Assessment of Academic Staff Performance Questionnaire (HSPQ). Data collected were analysed using percentages and Pearson’s Product Moment Correlation. The results showed that there existed corporate governance practices in both public and private universities. These include code of conduct, cordial relations between the Council and the Management, training on corporate governance, use of sanctions for misdemeanours, ethical, responsible governing councils and senate and extensive use of statutory committees. The results also showed a high level of compliance to corporate governance practices in private universities (63.1%) and low level in public universities (36.9%) in the study area. The results further showed that academic staff work performance (depth of teaching and research) was high among the academic staff members in the private universities (62.5%) but low in public universities (37.5%). Finally, the results revealed that there existed a positive but weak relationship between corporate governance practices and academic staff performance (r=0.02; p<0.05). The study concluded that the implementation of corporate governance practices enhanced academic staff efficiency in universities.