Corporate governance in publicly-owned corporations: a case study of the Sugar Industry in Kenya

Abstract

Corporate governance is a framework used by a corporate entity to manage and control its functions. It is all about encouraging the corporate sector to be fair, accountable, transparent and responsible. Furthermore, the essence of corporate governance is to make sure that the key shareholder objective, i.e. wealth maximization is implemented. Consequently, good corporate governance is relevant to all industries because it ensures that organizational goals are realized through good stewardship of resources. The aim of this research paper is to investigate corporate governance in publicly-owned corporations, specifically the sugar industry in Kenya. This research paper will highlight the current overview of the sugar industry, the principles of corporate governance and the challenges encountered in corporate governance. There is need to ensure good corporate governance is upheld by ensuring that regulatory bodies, internal mechanisms as well as the role of courts function efficient.