Abstract:
This study aimed to assess the challenges of corporate governance in Ethiopian private banking, focusing
on Cooperative Bank of Oromia S.C. By surveying 319 employees selected through simple random
sampling from a target population of 1582 managerial and administrative staff, the research identified
key areas for improvement. The study employed a descriptive research design, utilizing both quantitative
and qualitative methods to explore corporate governance challenges. Data collection involved
questionnaires with Likert-scale questions and interviews for primary data, while secondary data were
obtained from the bank's reports and documents. Analytical methods such as thematic and content
analysis, along with descriptive statistics, were used to interpret the data, with visual aids presenting the
findings effectively. Reliability was ensured through pilot testing and subsequent questionnaire
adjustments. Validity was upheld by using reliable data sources and validated items from previous
research. Ethical considerations were meticulously addressed, ensuring participant confidentiality and
maintaining high professional standards throughout the research process. Findings highlight the
Management at Cooperative Bank of Oromia S.C. emphasized ongoing challenges in regulatory
compliance, board effectiveness, and stakeholder engagement, advocating for measures such as improved
corporate control, resource allocation, and board management. These insights offer valuable lessons for
other banks, advocating for robust internal controls, effective resource allocation, and transparent
communication, aligned with Ethiopia's cultural and regulatory context. Recommendations include
conducting skills gap analyses, setting diversity targets, and enhancing transparency and accountability.
Additional measures to bolster internal controls, optimize resource allocation, and improve board
effectiveness are also proposed. Implementing these recommendations can strengthen governance
practices and ensure long-term sustainability for the bank.
