EFFECT OF CORPORATE GOVERNANCE ON STAKEHOLDERS’ ENGAGEMENT IN MULTINATIONAL ENTERPRISES IN NIGERIA (A STUDY OF RAIN OIL COMPANY SOUTH-SOUTH NIGERIA)

The study x-rayed the effect of corporate governance on stakeholders’ engagement in multinational enterprises in Nigeria with focus on Rain Oil Company South-South Nigeria. The objectives of the study were; To determine the effect of corporate governance on stakeholders’ participation in corporate decision making in multinational enterprises, to ascertain the effect of corporate governance on stakeholders’ impact assessment in multinational enterprises, and to determine the effect of corporate governance on stakeholders’ compliance in multinational enterprises operations. The hypotheses and research questions were formulated in line with research objectives. The population of the study was made up of 464 senior and junior staff of Rain Oil Petroleum Company across South-South region of Nigeria. The Taro Yamane formula was applied to determine the sample size of the study which was made up of 215 respondents. Simple random sampling technique was applied to the target respondents of the study through the distribution of structured online questionnaire. The study deployed simple Linear Regression analysis technique in analyzing the sourced primary data through the assistance of SPSS 25 software application. The finding revealed that there is a significant effect of corporate governance on stakeholders’ participation in decision making in corporate organization.it also revealed that there is a significant effect of corporate governance on stakeholders’ assessment in multinational enterprises. The researcher recommended that for effective corporate decision making, board of directors are to ensure proper stakeholders’ participation in corporate decision making in multinational enterprises. That will ensure the full compliance of stakeholders. The study concluded that corporate governance and stakeholder engagement are integral aspects of responsible and sustainable business practices. Corporate governance provides the framework for effective management, accountability, and transparency within an organization. The implication of the study is that there is need for collaboration between stakeholders and corporate administrators of multinational enterprises in Nigeria.