Theses and Dissertations
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Item The Role Of Governance In Management Of Devolved Funds A Case Study Of Constituency Development Fund Kajiado North(KCA University, 2013) Putita, Morris K.The CDF was introduced in Kenya for decentralization of decision making at the grass root level generally intending to take the bottom up approach rather than the top down approach used before in development initiatives. The fund has faced numerous challenges among them management and governance issues especially in accountability and transparency. The study’s purpose is establishing the role of governance on the management of devolved funds and in specific on the Constituency Development Fund (CDF). The study was undertaken in Kajiado North Constituency where the researcher used a descriptive research design approach to determine the role of governance in management of devolved funds. The study used a randomly selected sample drawn from the constituency using the rule of thumb. The sample was calculated from the urban population in Kiserian, Ongata Rongai and Ngong towns. The data was collected through questionnaires that were self administered and data analyzed using both qualitative and quantitative methods. The study established that good governance is a pre-requisite to the success of the devolved fund but had not been enhanced in issues such as increasing accessibility which still remains low and in ensuring that community participation is highly encouraged. The study’s findings are significant to the literature on public governance and on the CDF score card as shown by evidence of loopholes in the policy framework and a management that lacks to fully appreciate good governance in the management of devolved funds especially in community participation. Good governance can therefore be achieved in encouraging the CDF management through the CDFC and CDC as well as other stakeholders to ensure that there are policies that ensure efficiency, there are methods of accountability and community are participative in the decision making process. The study also found that set policies should be reviewed so as to make clear the aspects of good governance that is required of the management of the CDF.Item Effect Of Corporate Governance On Performance Of Tea Factories Managed By Kenya Tea Development Agency(KCA University, 2014) Karuma, Livingstone M.In the recent past, many organizations in Kenya have experienced the performance and management challenges as a result of ineffective corporate governance practices. Organizations which fail to practice good corporate governance eventually fail to win public confidence which may lead to an eventual collapse. The general objective of this study was to investigate the effect of corporate governance practices on the performance of Tea Factory Companies in Kenya which are managed by KTDA. The general research question was: what is the effect of Corporate Governance practices on the performance of KTDA managed Tea Factory Companies in Kenya? A survey of twenty companies in Kenya out of the possible 54 tea factory companies under the management of the Kenya Tea Development Agency Limited (Managing Agent) was undertaken. In order to answer the intended research questions, the study focused on disclosure of information, stakeholder participation and the composition of the factory boards. Through stratified sampling, factories were grouped into three categories; according to performance in the term's end year bonus payout that is the highest performing, middle and the lowest performing companies. The first best performing and the last ten worst performing factories in three consecutive years were selected. The target population was 432 being 324 directors, 54 managers and 54 accountants. The sample constituted of twenty directors, twenty managers and twenty accountants. The main data collection instrument was a semi structured questionnaire. Secondary data was gathered through a documentary review of the financial reports years ending June 2010, June 2011 and June 2012, a period covering the financial years of the Tea Factories Companies. The descriptive statistical approach was adopted. Response frequency, percentages, mean, standard deviation and variance were computed and findings presented through use of tables, figures and bar charts. Finding indicated that explanation of the reports during the AGM as well as the books of accounts, enhanced understanding and acceptance of financial reports of the tea factories to the shareholders to a very large extent. Additionally, the study concluded that Tea Factory Companies consider the board of directors as a crucial organ in determining the effectiveness of corporate governance, hence enhanced Tea Factory Company’s performance. Finally, the study concluded that that management acknowledges the shareholders during Factory Company meetings, level of stakeholders’ participation is effective, stakeholders are comfortable with their involvement in performance improvement of the Tea Factory Companies and that all the stakeholders are involved in the annual report compilation and that decision making process involves the participation of all stakeholders. The overall implication is that; corporate governance practices have a significant influence on the performance of KTDA managed Tea Factory Companies in Kenya.