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dc.contributor.authorKamanga, Benjamin Mutuku
dc.date.accessioned2011-07-01T10:02:38Z
dc.date.available2011-07-01T10:02:38Z
dc.date.issued2009
dc.identifier.citationHG4751.K36 2009en_US
dc.identifier.urihttp://hdl.handle.net/11071/1515
dc.descriptionPartial fulfillment for award of Master of Business Administrationen_US
dc.description.abstractThe dissertation is an exploratory study of corporate governance in fund management companies in Kenya. The overall objective of the study was to investigate the extent to which good governance is being practiced by fund managers in Kenya, and to assess the quality of those practices, with a view to providing data for developing effective programmes that might enable the sector to improve its standards of corporate governance. More specifically, the study sought to establish whether fund management companies can be considered to have adopted and implemented good corporate governance practices and , if so, to access the extent to which such practices have been adopted, how the companies are progressing in adopting best governance practices and the areas of governance that still need improvement. A review of relevant literature was done from which the conceptual framework of the study was developed and five prepositions were formulated. A structured questionnaire was used to guide in-depth interviews with senior managers of six leading fund management companies in Kenya. The study found out that there is a general appreciation, acceptance and commitment to good corporate governance and that the adoption of best practices has began to permeate fund management companies in Kenya but progress towards fully adoption and implementing good corporate governance is still in its infancy. The study also concluded that the quality of corporate governance by fund management companies is relatively underdeveloped; and, that to bring governance practices to internationally accepted levels the focus needs to shift from developing the codes and policies and regulations to developing structures and capacity, both in the companies and at the regulatory level. The study recommends, among other things, the establishment of appropriate board committees at company level, increasing the proportion of independent directors to majority, board and board committee evaluation, having corporate governance compliance office and the proper disclosure of both corporate governance practices and finnacial reports to all stakeholders.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectFund management companiesen_US
dc.subjectCorporate governanceen_US
dc.subjectBusiness ethicsen_US
dc.titleAn Exploratoty study of corporate governance practices by funds management companies in Kenyaen_US
dc.typeThesisen_US


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