Corporate governance practices of private hospitals in the coast province of Kenya
Abstract
Every industry and or organization should aspire to have a good corporate governance
image that enhances the reputation of the industry and or organization making it
attractive to customers, investors, suppliers, contributors or donors. Quite a number of
studies have been done on corporate governance. Most of these previous studies
focused on financial institutions. Others focused on establishing the relationship that
exists between corporate governance and performance. The researcher felt that the
corporate governance area has not been fully exhausted and therefore focused on the
healthcare industry with a main focus on private hospitals. Hence the research was
conceived. The aim of the study was to determine the corporate governance practices
and corporate governance challenges of the Private hospitals in the Coast province of
Kenya. The research methodology used was a cross-sectional census survey. The
population of study was made up of fourteen (14) private hospitals but only eleven
(11) responded adequately making the response rate 79%. The data was collected by
means of a questionnaire. The collected data was analyzed using Statistical Package
for Social Sciences (SPSS). New insights on corporate governance practices and
corporate governance challenges of private hospitals in Coast province of Kenya have
been highlighted. A good number of the surveyed private hospitals in Coast province
of Kenya indeed do practice good corporate governance. On the other hand a number
of corporate governance challenges are being experienced by the private hospitals. A
major challenge identified was the issue of low-income clients in need of their
services. Through the study, vital information and critical areas in corporate
governance practices pertaining to private hospitals management have been brought
out.
Citation
MBAPublisher
School of Business