Board Committee Reports and Profitability of Sugar Manufacturing Companies in Kenya

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dc.contributor.authorOkuta, Alice
dc.contributor.authorMwangi, Lucy Wamugo
dc.date.accessioned2024-03-21T11:58:44Z
dc.date.available2024-03-21T11:58:44Z
dc.date.issued2024-02
dc.descriptionArticleen_US
dc.description.abstractThe sugar manufacturing sector in Kenya has been experiencing a decline in1profitability, measured using return1on assets, for the past five years (2017-2021). This has led to closure of some of the companies and other still fail meet their obligations. The purpose ofthisstudy was to determine the effect of board committee reports on profitability of sugar manufacturing companies in Kenya. The study was guided by stewardship theory. The explanatory research design was used in this research. Moreover, the study targeted 10 sugar manufacturing companies in Kenya. In addition, the participants were 10 staff in the management of each of the 10 sugar manufacturing companies in Kenya. Since target population wassmall, the study used a censustechnique and hence the entire population was included in the research. The study covered duration of 5 years from 2017 to 2021. Primary data in this study was gathered using structured questionnaire and secondary data was gathered using audited financial Statements. Data was analyzed by use of descriptive statistics including mean, standard deviation, percentage and frequencies as well as inferential statistics including multiple linear regression analysis with the support of statistical software referred to as SPSS version 25. The findings were presented in tables and figures. The findings indicated that board committee reports had a positive and significant influence on profitability of sugar manufacturing companies in Kenya. The study recommends that the committee should analyze financial statements, key performance indicators, and financial trends to provide insights into the company's financial health and identify areas for improvement. The board of management should establish a clear reporting schedule for board committee reports, ensuring they are provided on a regular basis and aligned with the board's meeting calendar.en_US
dc.identifier.citationOkuta, A., & Mwangi, L. W. (2024). BOARD COMMITTEE REPORTS AND PROFITABILITY OF SUGAR MANUFACTURING COMPANIES IN KENYA. International Research Journal of Economics and Finance, 6(1).en_US
dc.identifier.urihttps://irjp.org/index.php/IRJEF/article/view/242/241
dc.identifier.urihttps://ir-library.ku.ac.ke/handle/123456789/27761
dc.language.isoenen_US
dc.publisherIRJPen_US
dc.subjectBoard Committee Reportsen_US
dc.subjectProfitabilityen_US
dc.subjectManufacturing Companiesen_US
dc.titleBoard Committee Reports and Profitability of Sugar Manufacturing Companies in Kenyaen_US
dc.typeArticleen_US
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