An Investigation on the extent to which State-owned Corporations comply with the Mwongozo code of governance
Date
2020
Authors
Okello, V.
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
This study examines the extent by which Kenya's State Corporations comply with the Mwongozo code of governance that was introduced by the presidential taskforce in 2015. It recognizes that most of the SOEs have had numerous corporate scandals and thus led to the government to re-evaluate their governance practices leading to implementation of the code of governance. The study focused on the following objectives; to establish the level of compliance of the SOEs, to determine the key drivers of compliance and finally to identify the reasons for non-compliance if there are any. The objectives of this study were derived from the guidelines clearly stated in the Mwongozo code of governance as a governance code index was also derived with a biasness on the; Board size, board independence, transparency and disclosure, audit size and committee, corporate citizenship and separation of roles. These ... The data collected targeted a majority of State Corporations who had published their reports and were aware of the new code of governance. The study is enlightening on the fact that though some of the Mwongozo codes have not been fully embraced by the State Corporations there is a positive move towards the adoption of these principles. The motivation for this was the promulgation of the Mwongozo code of governance which is aligned to the Kenya constitution 2010 which is itself a good corporate governance document.
Description
Full - text undergraduate research project
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Citation
Okello, V. (2020). An Investigation on the extent to which State-owned Corporations comply with the Mwongozo code of governance [Strathmore University]. http://hdl.handle.net/11071/16060