Assessment of Corporate Governance on Performance of Savings and Credit Cooperative Societies in Kakamega County
Abstract
Corporate governance is defined as a system or set of mechanism by which an organization is directed and controlled in order to reach its mission and objectives. The purpose of this study was to assess the effect of corporate governance on performance of savings and credit cooperative societies in Kakamega County. The research design adopted by the study was a descriptive survey. The population of the study was the SACCOs in Kakamega County comprising heads of departments, CEOs, two members of the Board of Directors and ten members from the selected six Saccos. A questionnaire was used to collect data from the respondents. Data analysis was done using descriptive statistics. The findings  of the study showed that management assessment of sacco governance has a significant effect on sacco performance. The study concluded that managers were not fully assessing the performance of the Saccos. The study recommended that managers should continuously monitor and assess the sacco performance.
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Keywords: Corporate governance, Saccos, performance.
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