Corporate governance practice and its effects on efficient performance in transport SACCO: the case of Super Highway 45 SACCO in Nairobi City County, Kenya.
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Date
2014-10
Authors
Mburu, Njoroge M.
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Abstract
The study sought to investigate the effects of corporate governance practices on
efficient performance of Transport SACCOS. This is because SACCOS play a
significant role in Kenya's economy by providing opportunities to many people to
grow through access to savings, affordable credit and employment. The mobilization
of savings is crucial in national economic activities since it is the savings that arc
invested to spur economic growth. Corporate Governance is now being widely
adopted as a requirement and a prerequisite both in public and private entities for
successful improved efficient performance and prosperity. This is because, of late it
has been witnessed that numerous Transport SACCOS have been formed and are
operating on our roads. The objectives of the study were to investigate whether board
size, composition and corporate disclosure which are attributes of corporate
governance have effect on efficient performance of superhighway 45 SACCOS. The
study used descriptive research design, and used qualitative method of data collection
by administering a closed and open ended questionnaire to a sample of respondents'
couple with scheduled oral interviews. A sample of respondents were randomly
selected from the ACCO and using purposive random sampling technique,
respondents from directors and management were selected randomly to answer the
questions to gather primary data, while secondary data was acquired from books and
journals consultation on existing research. Data from the two sources was
corroborated and then analysed using SPSS. Data was presented in frequency tables
and figures. The study revealed that board size, composition of the board and
corporate disclosure are crucial for efficient performance. The study recommends that
Transport SACCOS should adopt corporate governance practices in order to improve
efficiency in performance. It is anticipated that knowledge gained from the study is to
be used to improve efficient performance and management of Transport SACCOS in
Kenya.
Description
Department of Public Policy and Administration, 54p. 2014