Cooperative societies sector in Kenya play a very important role in improving the livelihoods of its members and the development of the country at large. However, these cooperative societies suffer common problems associated with poor financial management, and governance. The purpose of this study was to advance an understanding on the effects of AC characteristics and the performance Sacco Societies in Kericho County. The research design for this study was descriptive survey design employing multiple regression analysis. The target population comprised of all 83registered deposit taking Sacco societies operating in Kericho. The questionnaires were administered to the CEO of the respective Saccos. The study established that there was a significant relationship between the size of the AC (r=.414;p<0.05); independence of AC (r=.437:p<0.01); female representation in the AC (.526;p<0.01), professionalism of AC (r=.199;p<0.05) and the dependent variable, firm performance. Col...

Savings and Credit Cooperative Societies (SACCOs) currently are predominant form of external financing for small and micro enterprises in most developing countries. In the year 2012, the SACCOs industry's total assets grew by 17.8% to Ksh.292.9 billion from Ksh.248.7 billion in 2013. In Kenya, SACCOS have been noted to contribute over 13.5% of GDP, and it is estimated that at least one out of every two Kenyans directly or indirectly derives his /her livelihood from these kinds of cooperative movements. It is important to emphasize that good corporate governance practices in the SACCOs is imperative if the cooperative movement is to effectively play a key role in the overall development in Kenya. This has also received much attention in the accounting literature, with studies focusing on the impact of corporate governance and the financial performance of the firm. However, previous research has shown that corporate governance in SACCO'S in Kenya has not been effectively regulated and supervised and thus the constant decline in performance of these SACCOs. Therefore the purpose of this study was to analyze the effect of corporate governance practices on financial performance of Saccos; a case of KITE Sacco society in Kisumu city. The specific objectives of the study were to: assess the effects of board composition, establish the effects of number of non-executive directors and determine the influence of SACCO leadership on the financial performance of KITE SACCO society. The study was guided by a self-conceptualized framework with corporate governance practices as independent variables and financial performance of Saccos as the dependent variable. It adopted causal research design with all the 19 targeted staff members of the Sacco forming the sample size. The study used both primary and secondary data. A semi-structured self-administered questionnaire to the Board of the Sacco, and staff members was used to collect primary data. Secondary data was collected through content analysis. Validity and reliability of the instrument was checked using expert reviews. Descriptive statistics such as mean and standard deviation was employed to analyze the data and inferential statistics such as Pearson's correlation. Presentation was done by the use of tables and charts. The study revealed that board composition is the most prevailing factor that affects financial performance at KITE Sacco (0.658, p< 0.05) and strongly affects Sacco leadership (0.789, p<0.001). Also realized was that Sacco Leadership strongly affects financial performance at KITE (0.835, p<0.01). Besides, the study evidenced that existence of non-executive directors positively affects financial performance (0.381, p<0.05), weakly affects board composition (0.436, p>0.01) and strongly affects Sacco leadership (0.053, p<0.05). The study concludes that board composition is the most prevailing factor that affects financial performance at KITE Sacco and as well affects the Sacco leadership. Also, the study showed that existence of non-executive directors within the Sacco positively affects financial performance but weakly affects board composition and strongly affects KITE Sacco leadership. These findings may assist KITE Sacco leadership identify how various aspects of corporate governance practices (board composition, existence of non-executive directors) affect their operations as well as ensure that the breakdown of spending across projects is clear, and accounting records properly maintained. Further, the study may provide information to potential and current scholars in regard to the relationship between corporate governance and financial performance of SACCO societies.

This study examines the effect of ownership structure and audit committee activities on audit quality in Indonesian listed companies. The ownership structures studied consisted of managerial, institutional, government, foreign, and family ownership. The population of our study consists of 506 listed companies in Indonesian Stock Exchange between 2015 and 2020 with 317 total samples. Audit quality is proxied by the earnings surprise benchmark. Ownership structure is measured using the percentage of ownership. Audit committee activity is measured using the number of meetings held. Research data is analyzed with logistic regression analysis using SPSS statistic program. Our findings suggest that managerial, institutional, foreign, and family ownership as well as audit committee activities significantly affect audit quality while government ownership does not have significant effect. The findings of this research are designed to give information and feedback on the company&#39;s shareho...

The main purpose of this research is to investigate the impact of the capital structure and the ownership structure on the audit committee effectiveness. A sample of 35 service firms and 47 industrial firms that were continuously listed on Amman Stock Exchange during the years 2014 to 2018 with a 388 observation was used. Descriptive statistics and multiple regression analysis were used to analyze the data and test the hypotheses. The independent variables included ownership structure and capital structure, whereas the dependent variable represented by the audit committee effectiveness. A set of variables that formed the effectiveness index were taken into consideration, including the independence of the committee, the independence of its chairman, knowledge and expertise of its members, size of the audit committee and frequency of meetings. The study results revealed that there is a negative significant impact for the concentrated ownership and managerial ownership on the audit com...

Corporate governance is of great importance for financial performance. Corporate governance issues have attracted public interest in the financial sector both locally and internationally after waves of corporate rip-offs and failures that almost led to loss of confidence in the finance sector. The general objective of this study was to determine the effect of corporate governance on financial performance of Savings and Credit Co-operatives in Kenya. The study adopted a descriptive research design. The study targeted a population of 65 active Savings and credit Co-operatives operating in Embu County. A sample size of 57 Savings and Credit Co-operatives was used in this study. Stratified sampling technique was used to select the sample. Primary data was collected using self-administered semi-structured questionnaires while secondary data was obtained from financial statements and periodicals using a record survey sheet. Pre-testing of research tool was conducted before the actual data collection was carried, to determine the reliability of the questionnaire by use of a Cronbach‘s alpha, statistical coefficient, while the validity was tested to ensure that the questions in the questionnaire provides adequate coverage to the investigative questions. Correlation and multiple regression analysis was used to establish the relationship between independent and dependent variables. The study findings indicated that corporate governance positively affected the financial performance. In specific the board composition and corporate risk management for SACCOs had a positive effect on the financial performances of the SACCOs. The study is beneficial to SACCOs management in improving the performance of Savings and Credit Co-operatives and enabling them to compete globally. The study recommends gender parity consideration and balanced mix of skilled board members during appointments of the board members. The recommendations are important to the government, especially the department of cooperatives in strengthening policies regarding cooperative societies.

Corporate Governance (CG) has become a paramount issue due to its greater significance of practicing accuracy, maintaining accountability, establishing effective internal control and regulating organizations for achieving organizational goals. The study is conducted to explore the relationship between corporate governance and firm performance with considering the role of board and audit committee. The multiple liner regression analysis is used as the underlying statistical test on the dependent variables, ROA, ROE and TQ to test the association between the independent variables (board size, board independence, size of audit committee and audit committee composition) with firm performance. Homogeneous purposive sampling has been used. The sample size of the study is 81 listed companies in DSE. The results of the study signify that board independence ratio and audit committee is statistically significant and has positive impact on ROA and TQ. But it is not statistically significant in...

This research was conducted to determine the supporting factors that influence company performance based on agency theory with corporate governance variables. This study uses secondary data, namely banking companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021. The population in this study was 45 companies. Using a purposive sampling method, with a total sample of 26 companies for 3 years. Methods of data analysis using multiple linear regression. Based on the results of the study it was concluded that the variables of the audit committee and the board of commissioners have a positive effect on company performance, while ownership has no effect on company performance.

The purpose of the study was to establish the effects of audit committee characteristics on quality of financial reporting among firms listed in Nairobi Securities Exchange, Kenya. The study was guided by the agency theory. Explanatory research design was used. A survey of all firms was done and only 46 firms were extracted because they were operating in NSE at the year 2014. This study utilized secondary data which was collected by use of a document analysis guide. Data collected was analyzed by using both descriptive and inferential statistical methods. The findings indicated that audit committee size has a positive and significant effect on the quality of financial reporting (β1= 0.417, ρ&lt;0.05). However, findings showed that audit committee independence had a negative and significant effect on the quality of financial reporting (β2=-0.478, ρ&lt;0.05). The findings indicated that increase in audit committee size © Jerubet, Chepng&#39;eno & Tenai Licensed under Creative Common P...

The purpose of the study was to identify the significance of selected components of corporate governance over performance of companies listed in Bursa Malaysia. In this study the most important components of corporate governance; including board independence, board size, board expertise, audit committee size, audit committee independence, and audit committee expertise have been examined as the independent variables that influence the financial performance of companies listed in Bursa Malaysia. This study has been carried out over a sample of 150 best non-financial listed companies of Malaysia. The study is different from previous studies, as in previous studies either the board characteristics are observed or the audit committee characteristics are observed, but in this study the combined effect of both have been analysed in relation to return on equity. The study is based on cross sectional analysis and the year 2014 has been analysed. Regression analysis was conducted using Statis...