Browsing by Author "Alaudin, Ahmadasri"

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    Corporate Governance Practices of Contributory Pension Scheme Operators in Nigeria
    (Universiti Putra Malaysia, 2019) Aliu, Olanrewaju Atanda; Alaudin, Ahmadasri; Abdul-Hamid, Mohamad Ali
    Unlike the previous defined benefit pension scheme in Nigeria, the current contributory pension scheme (CPS) is characterised by separation of ownership and management of pension fund. In view of agency problem this portends, the need to empirically examine corporate governance (CG) practices of operators is of importance for CPS survival. Thus, this study examines corporate governance practices of operators of CPS in management and custody of the CPS fund. Survey data from 212 managers and assistant managers of CPS operators were analysed using one-sample t-test and mixed ANOVA. The results showed significant practices of CG mechanisms in the form of board independence, director independence, board disclosure and audit committee effectiveness. Significant difference was found in practice of above CG mechanisms. However, there was no significant difference in GC practices among various types of CPS operators. Similarly, the interaction of CG mechanisms with CPS operator type was also found to be insignificant. Based on the results, good corporate governance practices in the management of CPS fund is evident. However, it is recommended that there is an urgent need to intensify regulatory role of the part of CPS regulator- National Pension Commission to ensure that operators are not lacking behind in practices of various mechanisms of CG.
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    A Proposed Framework of Corporate Governance and Investment Strategy Impacts on Occupational Pension Sustainability: the Moderating Effects of Risk Management
    (Penerbit Akademia Baru, University of Mara, Malaysia, 2018) Aliu, Olanrewaju Atanda; Alaudin, Ahmadasri; Abdul-Hamid, Mohamad Ali
    Recently, sustainability has emerged among major concerns in a broad range of fields. Comparatively, little research attention has been paid to sustainability of occupation pension (OP) scheme despite its significance on public finance. The widespread nature of pension reforms triggered by occupational pension crisis has led to privatization of management of pension funds among approaches of reforms. Grounded in institutional and agency theories, this paper proposes a theoretical framework of the influences of corporate governance and investment strategies on the sustainability of OP and the moderating role of risk management. The framework focuses on the Nigerian contributory pension scheme (CPS) which came into effect in 2004. Review of extant literature indicates that with good corporate governance and optimal investment strategies, the sustainability of Nigerian CPS would be enhanced. Furthermore, the moderating effects of risk management were established based on evidences from literature. The review has significant implication on the management of CPS not only in terms of the stewardship roles entrusted with privately firms (pension operators) managing the CPS fund, but also for the employees and other stakeholders to reap the benefits of well-regulated CPS.