Franklin Nakpodia & Emmanuel Adegbite (2018) Corporate governance and elites, Accounting Forum, 42:1, 17-31, DOI: 10.1016/j.accfor.2017.11.002

This article examines the relationship between the effectiveness of corporate governance mechanisms and elitist interventions. The authors identify three elitist groups – political, cultural and religious, and investigate how they shape the legitimacy and effectiveness (or otherwise) of the institutional drivers of corporate governance in Nigeria. They caution the widely-held notion in the literature which suggests that institutions act as a check on the behaviour of elites and influence how elites compete and emerge. Alternatively, they argue that elites, in the presence of institutional voids, can invent, circumvent and corrupt institutions.

Source: Culled from article's abstract