Influence of Corporate Governance Practices on Management of Public Technical Training Institutes in Nairobi City County, Kenya

Abstract

The purpose of this study was to investigate the influence of corporate governance practices on the management of public Technical Training Institutes in Nairobi City County. The study objectives were; to determine the extent to which selection criteria of BOM members influence the management of public Technical Training Institutes, to establish the extent to which proper financial record keeping influence the management of public Technical Training Institutes, to determine the extent to which timely public reporting by Board of Management influence management of public Technical Training and to determine the extent to which round table meetings by Board of Management influence the management of public Technical Training Institutes. The study employed descriptive research design. The study target population was 3 Technical Training Institutes in Nairobi City County. Since the population size for principals and bursars was small, census technique was adopted to select a sample of 3 principals and 3 bursars. Simple random sampling technique was used to select a sample size of 51 Board of Management members. Primary data were collected through the use of semi-structured questionnaires and interview guides. The results of the study indicated that the Technical Training Institutes where Board of Management selection criteria was effective managed schools better than those whose selection criteria were not effective. Further, Technical Training Institutes where financial record keeping was poor was characterized by poor management than those institutes that had a good financial record keeping. Technical Training Institutes where public reporting was untimely was characterized by poor management of Technical Training Institutes than those institutes that practiced timely reporting. Finally, Technical Training Institutes that conducted round table meetings was characterized by good management of Technical Training Institutes. Based on research finding it can be concluded that Board of Management selection criterion, financial record keeping, public reporting and round table meetings influence management of Technical Training Institutes. It is recommended that the management of the Technical Training Institutes selects competent and qualified Board of Management. It is also recommended that Technical Training Institutes adopt an Integrated Financial Management System (IFMIS) to detect financial frauds.