Abstract
This study explores the dynamics of boardroom conflict, corporate governance, and their implications for the future of the Nigerian banking industry. The primary aim is to assess the function of the board of directors as a vital component of internal corporate governance within the sector. The paper underscores the importance of having an independent board capable of formulating sound business strategies to align the interests of executives and shareholders. Adopting a desk research approach, the study critically reviews existing literature on boardroom conflicts and governance practices. Findings reveal that significant shortcomings in corporate governance stem from the board’s failure to adhere to foundational principles, compounded by inadequate regulatory oversight and the reluctance of relevant government bodies to enforce compliance measures. The study concludes that conflict within the boardroom are inevitable, but when effectively managed can achieve stronger strategic decisions. It therefore recommends that through enhancing healthy relationship in the boardroom, Nigerian banking sector can improve its corporate governance practices, increase transparency and accountability, guarantee sector stability and achieve sustainable growth and continue survival of Nigeria banks.
Keywords: Boardroom conflict, Corporate governance, Board of directors’ Independent board, Sustainable growth, Nigerian banking sector