A survey of corporate governance practices of banks in Kenya
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Date
2006-09Author
Linyiru, Bruno M
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Corporate governance has become an issue of global significance. The
improvement of corporate governance practices is widely recognized as one of
the essential elements in strengthening the foundation for the long-term
economic performance of countries and corporations. Following the financial
crisis of the latter part of the 1990's the issue of corporate governance has
gained prominence internationally and Kenya has not been left behind. Kenya
has had its fair share of collapse of financial institutions in the last decade.
This research paper examines the corporate governance practices in the
banking industry in Kenya and the survey shows an awareness and existence
of corporate governance practices. It further illustrates the need to strengthen
these practices owing to the special nature of banking with a diversity of
stakeholders.
The empirical findings of this paper are consistent with the guidelines
developed by the capital markets authority and the prudential guidelines issued
by the central bank of Kenya. They also relates to practices recommended by
other jurisdictions outside Kenya like the Basel Committee on Banking
Supervision, the guidelines by the Commonwealth association for corporate
governance and the organization for economic cooperation and development.
Sponsorhip
University of NairobiPublisher
School of Business, University of Nairobi
Subject
Corporate governanceKenya
Financial crisis
Financial institutions
Banking industry
Economic cooperation