| dc.description.abstract | Good Corporate Governance is a major focus in the management of
organizations and in particular where financial performance is of great
concern. This is because owners of organizations want to get value from their
investments; society wants service from state corporations.
This study narrowed down to Corporate Governance and the Financial
Performance of the New Kenya Cooperative Creameries. It looked into the
Board of Directors role in Governance of the state corporation who are also
mandated to oversee the running of the corporation. The study sought to
determine and asses the corporate governance systems and practices in
place and the financial performance of the corporation.
The study established that the Board of New Kenya Cooperative Creameries
adopted practices of good corporate governance which were reviewed and
improved over time and had yielded improved financial performance. Some of
the corporate governance principles that were identified include appointment
and leadership of the Board, structure of the organization, purpose and
values, balance of power in the Board, corporate communication, assessment
of performance of the Board, responsibility to stakeholders and social and
environment responsibility.
Though some practices of good corporate governance were found and have
yielded improved financial performance, there is need for more structured
mechanisms of handling various issues that arise. The relationship between
the Board and the management needs to be continuously monitored to
ensure that the corporation remains cordial to realize the mission and
objectives set out. | en |
