Corporate Governance Practices on Turnover Intentions: A Study of Listed Banks in Ghana

Abstract

The study examines how corporate governance practices affect turnover intentions among listed banks in Ghana. By examining governance practices such as board size, audit committee, and ownership structure, the study provides insights into how these governance mechanisms can effectively reduce turnover and enhance organisational commitment and loyalty. The research employed a qualitative approach using a case study design. A sample size of 20 was adopted for the study through in-depth interviews with purposive sampling. The data analysis was conducted using Miles and Huberman's technique. Findings revealed that board size influences organisational dynamics, with smaller boards offering efficiency but limited diversity, while larger boards provide diverse perspectives but may lead to increased bureaucracy. Also, the study revealed how ownership structure affects job satisfaction through career advancement opportunities and decision-making processes. Furthermore, the study revealed that audit committees enhance organisational integrity but can also increase stress and workload. Therefore, this study recommends that listed banks should enhance employee participation in decision-making, provide professional advancement pathways to help increase employee commitment, reducing turnover.