INVESTIGATING THE DYNAMICS AFFECTING CORPORATION GOVERNANCE ON FINANCIAL PERFOMANCE OF CREDIT CO-OPERATIVE SOCIETIES AND SAVING IN EMBU COUNTY
Author(s)WANJIRU, CHRISPUS BUNDI
KeywordsHD Industries. Land use. Labor
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AbstractThese research project is meant to identify the dynamics affecting financial performance in savings and credit cooperative societies in Embu County. Another specific objective is to point out the impact of the board of director on the performance of Sacco’s. The study also noted the effects of regulations on Sacco’s. The study also ascertained the impact of integrity of CEO on performance of Sacco’s. It also determined the impact of shareholders on performance of Sacco’s. The researcher used the descriptive research design. The target population was Sacco staff, Sacco members and board of directors selected within Yoken Sacco. The target population was 100 respondents who consisted of 9 Board of Directors, 15 staff members, 76 delegates. The sample size was 33 members. The researcher used stratified random sampling to get the respondent. Data was collected using questionnaire which the respondents freely gave their opinions. Quantitative and qualitative data analysis methods were used in Data analysis which was carried out using descriptive statistics. The researcher made conclusions on the findings and giving the necessary recommendations to the end users so that they can improve their organizations through improved corporate governance. Corporate governance is a strategy which is very crucial in the current world so as to sustain the increasing level of competition while maintaining market share and growth at the same time. During election of the board of directors, shareholders should ensure that they elect credible leaders who are vision able and can drive the organization to greater heights. The study concludes that the financial performance of SACCOs is greatly affected by the Board of Directors. It is also evident that the education level and monitoring of various activities done by the management staff via the Board of Directors plays a very big part in ensuring the success of Sacco’s. The study concludes that the regulatory framework bears a great impact on the performance of the Sacco financial in the sense that the cost of compliance is very high and also there is lost business opportunity as the regulations limits the Sacco diversification so as to increase its business capacity. From the research, the researcher found out that the CEOs integrity had a great effect to Sacco and it was important for the board of directors to ensure that the staff members being led by the CEO should observe ethical issues. Shareholders are the pillars of any given entity globally. In the research, the researcher found out that accountability of the shareholders is the key to the success of the Sacco. The board should perform thorough Financial monitoring which should lead to the adoption of a constitution that clearly points out the steps to follow when choosing or replacing the directors and the CEO.
WANJIRU, CHRISPUS BUNDI (2017) INVESTIGATING THE DYNAMICS AFFECTING CORPORATION GOVERNANCE ON FINANCIAL PERFOMANCE OF CREDIT CO-OPERATIVE SOCIETIES AND SAVING IN EMBU COUNTY. Other thesis, mua.