| dc.description.abstract | Corporate governance structure are the systems and regulations created within an organization,
to help guide the decision making processes. This help in determining the respective roles to
be played by various stakeholders to the organization. Corporate governance has been shown
to have an impact on the performance of state corporations. However, most of these studies
concentrate on the board structures and how they affect the financial performance of the
organization in respect to Return on Equity, Return on Assets and Tobin’s Q. This research
aims to explore the impact of corporate governance structures on performance of State
Corporations in the education sector in Kenya. This area is least studied especially being a
service oriented and largely non-commercial sector. The objectives of the study is to establish
the influence of CEOs attributes on performance, examine the influence of board structure on
performance and find out the impact of the audit committee on performance of state
corporations in Kenya. The study targets 171 respondents across 27 sampled state corporations
under the education sector in Kenya. The respondents are drawn from Senior and middle level
managers, finance and accounts officers and internal audit staff. The 27 state corporations were
selected using a stratified random sampling technique from the target population of 45 state
corporations. The data was be collected for the three objectives with specific questions on
Board diversity, attributes of the CEO, Independence of the Audit Committee. The data
collection tool used a close ended questionnaire, there were 134 questionnaires returned out of
the targeted 162, through a drop and pick method. The data collected was cleaned, coded and
posted to SPSS Ver 23 for analysis. A regression model was be used to analyze the existing
relationship between the variables; independent variables: CEO Attributes, Board Diversity
and Audit Committee effect on the organizational performance being the dependent variable.
Diagnostic tests were conducted to check for normality and multicollinearity. The study found
that CEOs attributes, Board of directors’ diversity and audit committee had significant effect
at α=0.05 and contribute 27.7% of variations of performance in state corporations in education
sector in Kenya. The study therefore recommends that, for enhanced performance of state
corporations in the education sector in Kenya, stakeholders should appoint CEOs with rich
experience, boards with diversity including gender and audit committee members who have
higher qualifications especially, professional qualifications. | en_US |
