Financial Decisions and Performance of the Board of Directors in Non Governmental Organizations in Kisumu County
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Date
2013-11Author
Chumbe, Grace A
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
The general objective of the study was to examine the effect of financial decision on
board performance in NGOs in Kisumu County. The study narrowed its undertakings on
budgets, investment strategies and financial reports as determinants of financial
decisions. Literature review looked into role of the board with regards to financial
oversight and safe guarding organization resources. Primary data was collected using a
semi-structured questionnaire through survey research cross sectional approach. Data on
financial decision and board performance were obtained from a sample of 284 NGOs in
Kisumu County. Quantitative approach was employed. Data analysis was done using
tables, factor and correlation analysis. The study found that board performance and
financial decisions are positively related. The results indicate a positive and statistically
significant relationship between the financial decision and board performance .The board
members have reduced their participation in investment strategies as few organizations
invest funds in interest bearing accounts due to donor designated fund restrictions. The
study recommends donors and other well wishers should provide financial support to
NGOs that is specifically focusing on strengthening board performance especially on
their financial oversight role, promoting accountability and ensuring that NGOs have
effective boards who understand the organizational goals and objectives.
Citation
Degree of Master of Business Administration (MBA), school of businesss, University of NairobiPublisher
University of Nairobi