Factors influencing corporate governance of SACCOs in Kenya : a case of selected SACCOs within the public sector in Nairobi
Kiplagat, Doris J.
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The significance of corporate governance is now widely recognised and all institutions require good governance in order to succeed and attain sustainable prosperity. Corporate governance refers to the manner in which organizations are directed, controlled and held accountable. Since co-operatives play an important role in the development of any country's economy by uplifting the standards of living of the people, this study sought to investigate the factors influencing corporate governance by taking a case of selected SACCOs within Nairobi. The study utilized descriptive survey employing both qualitative and quantitative methods of data collection. The target population constituted all three public SACCOs within Nairobi. A sample of 60 respondents was selected from three selected SACCOs in Nairobi. These were drawn from Mwalimu. Harambee and Ukulima. Stratified random sampling technique was used to select 20 respondents from each SACCOs. Of each of the selected SACCOs, eight respondents from management, six employees and six members were selected at random. A self-administered open and closed ended questionnaire was utilized in soliciting primary data from the field. Data collected from the field was analyzed using both descriptive and inferential data analysis, and information presented in frequency distribution tables and figures. Knowledge gained from this study will help improve current governance of SACCOs in developing countries. In addition it will provide factors that influence the implementation of corporate governance practices in public institutions in Kenya. The government, shareholders and the management of SACCOs will find this study indispensable because it will provide insight into the challenges of practicing good corporate governance in the management of the SACCOs not only in Nairobi but in Kenya as a whole.