Pages: 14-21

Abstract

This study focuses on the application of corporate governance elements to the activities of unlisted entities in Nigeria especially in the area of retirement of members. The cooperative sector was selected as the focus of these unlisted companies. The study made use of survey design. One hundred and sixteen members were purposively selected as sample in a tertiary institution in Oyo state. The result shows that more than 60% were not satisfied with the method used in computing the retirement benefits of members. It was also found out that fewer female members (16%) participate in the administration of cooperative societies in contrast to their numerical strength in these societies. The study recommends a more equitable method of computation of retirement benefits of members to be adopted for more patronage. It further recommends that more female members should be encouraged to participate in the administration of cooperative societies to reduce gender inequality.