The role of the company secretary in Corporate Governance in Kenyan listed Companies
Abstract
e role of company secretary has gained momentum in recent years more so in the
responsibility it bears in promoting corporate governance especially in the recent rise in
corporate scandals. This research study was aimed at examining the extent to which
public companies in Kenya have taken up corporate governance guidelines and the role
played by the Company Secretary in promoting corporate governance in these companies.
Primary data was collected using a questionnaire, designed to be completed by Company
Secretaries and the data was then analyzed using descriptive statistics. The findings
revealed that most firms on the Nairobi Securities Exchange have indeed embraced
corporate governance practices. In addition, a very large number of the respondents
indicated that the Company Secretary plays a significant role in enhancing corporate
governance practices. The study concludes by a confirmation that the various companies
and their respective Company Secretaries were keen in ensuring compliance and adoption
of corporate governance practices, as this is a key success factor for such companies
which are subject to public scrutiny and are under strict observation by the regulatory
bodies given the large interest/stake amongst the various stakeholders. It is recommended
therefore that all companies secretaries need to ensure the adoption of corporate
governance practices as this has a tremendous impact in improving the strategic direction
of a company and plays a critical role in ensuring the success of the organization in the
long term.
Citation
MBA Thesis 2012Sponsorhip
University of NairobiPublisher
School of Business, University of Nairobi
Description
Master Thesis
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