Extend Of Adoption Of Corporate Governance Practices In Public Secondary Schools In Kisumu Central Sub-County, Kenya
Publication Date
2016Author
Destaings Nyenyi Nyongesa, Otiende Denis Omondi
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Show full item recordAbstract/ Overview
Corporate governance is an important concept and is defined as the process and structures used
to direct and manage business affairs of the company towards enhancing prosperity and
corporate accounting. This implies the way schools are run and managed by the Board of
Management (BOM) through the secretary who is the Principal and the chief executive officer.
In the light of this, the BOM, head teachers, teachers, parents and students come in to interact
in one way or the other. Mismanagement of such institutions has been cited. Some of the
Principals in Kisumu County have either been reshuffled or demoted due to overstay and
mismanagement in attempt to sort out governance issues. The objective of this study is to
determine the extent of adoption of corporate governance in public Secondary schools in
Kisumu Central Sub-county. The study adopted a descriptive survey design. Data was collected
by use of questionnaires. Stratified random sampling was used to select the schools in type of
day; boarding; and both day and boarding schools. The study sample comprised of fifty
respondents drawn from ten out of twenty two schools. The study was also guided by three
theories affecting corporate development, that is, stewardship; stakeholders; and agency
theories. Data was analyzed through descriptive statistics. Results indicated that Leadership;
Institution’s communication; and Strategy and values were found to be incorporated to large
extent. Appointment to the board and financial accountability were found to be practiced to a
small extent.
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