Influence of attributes of directorship on corporate governance in small scale tea companies in Kiambu County in Kenya
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Date
2012-11Author
Muthamia, Francis M
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
In the recent past, corporate governance has become of great concern especially in running of
institutions and companies. The board of directors are mandated to steward these institutions and
oversee the work of management. The board is supposed to act as fiduciaries to the companies
acting in their best interest. To be able to achieve this competently, directors should possess
some key attributes that will enable them perform their duties effectively. This study sought to
establish the influence of attributes of directorship on corporate governance in small scale tea
factory companies in Kiambu County of Kenya. Data was collected from the directors and
factory unit managers using questionnaires that were designed in line with the code of best
practices of corporate governance as described by private sector initiative for corporate
governance trust (1999).The study established that directors’ experience in other boards,
possession of professional qualifications and work experience in other industries significantly
influenced corporate governance both in as far as contribution to the board and appreciation of
internal and external factors affecting governance were concerned. The study however found out
that educational level especially since all directors were A level and above and age did not
significantly influence corporate governance. The study also established that gender
representation in governance as envisaged in the new constitution had not been embraced in the
tea factories as all directors were male and recommended inclusion of both genders in the
directorship. The findings of the study will greatly impact on policy, theory and practice of
corporate governance in Kenya.
Citation
MBA Thesis 2012Sponsorhip
University of NairobiPublisher
School of Business, University of Nairobi
Description
Master Thesis