Corporate Governance in Education: the Pros and Cons for Effective School Administration

Although efforts are being made by stakeholders to deal with the issues associated with effectiveness of school administration and governance, little attention and very scanty literature is seen to explore the workability of corporate governance in that area. This paper seeks to explain and buttress the concept of corporate governance and its application in school administration. It explains that the conscious application of good corporate governance practices (though perceived more as a business model) can also be applied into school administration by different levels of school managers. Specifically it was reiterated that just like the business sector, the application of the four P's of corporate governance which are people, purpose, process, and performance can be the focal point towards the achievement of educational goals through effective school administration, and suggested that educational administrators and managers at all levels should consciously focus on corporate governance practices as a viable way of dealing with the bottlenecks associated with school management and administration in Nigeria.