THE IMPACT OF CORPORATE GOVERNANCE ON ETHICAL PRACTICES IN FAITH-BASED ORGANIZATIONS IN ANAMBRA STATE, NIGERIA: A STAKEHOLDER PERCEPTION AND ORGANIZATIONAL OUTCOME ANALYSIS – International Journal of Social Sciences and Management Review

THE IMPACT OF CORPORATE GOVERNANCE ON ETHICAL PRACTICES IN FAITH-BASED ORGANIZATIONS IN ANAMBRA STATE, NIGERIA: A STAKEHOLDER PERCEPTION AND ORGANIZATIONAL OUTCOME ANALYSIS

Authors: Paul Okwuchukwu Azuakor & Paul Ifeanyichukwu Edeh

ABSTRACT

This study aims to explore the impact of corporate governance on ethical practices in faith-based organizations in Anambra State, focusing on their motivations, challenges, and impact on beneficiaries. The research seeks to provide in-depth qualitative insights into how faith-based organizations operate and influence those areas underserved by government and secular institutions. The agency theory guided the data collection process. The study identified five main themes: corporate governance, ethical practice, faith-based organizations, stakeholder perception and organizational outcome analysis. Faith-based organizations are motivated by religious duty and compassion, integrating faith into their services through spiritual support and religious teachings. Key challenges include financial constraints, bureaucratic hurdles, volunteer management issues, interfaith collaboration difficulties, and public perception problems. Despite these challenges, faith-based organizations significantly impact beneficiaries by fostering personal growth, social inclusion, economic improvement, health and well-being, and educational advancement. Faith-based organizations play a crucial role in addressing both spiritual and material needs within communities. Their unique approach, driven by religious motivations, provides comprehensive support to beneficiaries. Addressing these challenges through diversified fundings, improved volunteer management, effective interfaith collaboration, and leveraging technology can enhance the capacity of faith-based organizations to continue their valuable work in reaching areas underserved by governmental agencies.

Keywords: Faith-based organizations, Corporate Governance, Stakeholder, Ethical Practices, Stakeholder Perception, and Organizational Outcome Analysis.

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