Corporate governance practices in microfinance institutions: Evidence from Uganda
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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Cogent Business & Management
Abstract
The purpose of this paper was to identify the corporate governance
practices of Micro-finance institutions and to suggest strategies for improving
corporate governance in Micro-finance institutions. This study was cross sectional and
used a survey research design. Usable questionnaires were received from 179 respondents.
Active Micro-finance institutions' members were the study’s unit of inquiry. We
analysed data with the help of statistical package for social scientists (SPSS). Findings
suggest that Micro-finance institutions have boards though not effective, there are no
fully constituted board committees, shareholders rights are sometimes not respected
and accountability failures are common. Results further indicate the strategies for
improving corporate governance such as having a board in placewith financial expertise.
Results are useful in policy formulation for example,Micro-finance institutions need to be
regulated and a corporate governance code need to be put in place.
Description
Keywords
Corporate governance, SACCO
Citation
Bob Ssekiziyivu, Rogers Mwesigwa, Juma Bananuka & Zainab Namusobya | (2018) Corporate governance practices in microfinance institutions: Evidence from Uganda, Cogent Business & Management, 5:1, 1488508, DOI: 10.1080/23311975.2018.1488508