SHAREHOLDER CONTROL VS. BOARD CONTROL : Evidence from a Sub-Saharan Economy.

The purpose of this paper is to examine how board and shareholder controls result in good corporate governance in one of the major financial institutions in Ghana. A descriptive qualitative case study method was employed. The findings reveal that the company’s major shareholder exerts shareholder control over the activities of management. The results also portray that an effective and efficient board is a vital driver in determining good corporate governance. This usually happens when controlling equity holders do not deal with aspects of control which are vested in the board.