Assessing the effect of corporate governance principles on the management of the united church of Zambia: a case of Lusaka presbytery.
| dc.contributor.author | Kaira, Harriet | |
| dc.date.accessioned | 2024-09-04T07:20:34Z | |
| dc.date.available | 2024-09-04T07:20:34Z | |
| dc.date.issued | 2023 | |
| dc.description | Thesis of Master of Business Administration. | |
| dc.description.abstract | Corporate governance principles can have a significant impact on the management of the church. These principles are designed to ensure that an organization is managed in a responsible and ethical manner. This includes setting up processes for transparency, accountability, and effective decision-making. The aim of this study was to examine the effect of corporate governance principles on the management of the United Church of Zambia, with specific focus on Lusaka Presbytery. This study employed a descriptive quantitative research design, with a population of 100 people in various management committees. A Yamane formula was used to randomly select a sample of 81 respondents for data collection. The researcher designed a questionnaire for this purpose, and descriptive analysis was conducted using SPSS. The results of the linear regression showed that there is a significant relationship between corporate governance principles and the management of the United Church of Zambia. The R square value of 0.602 indicates that 60.2% of the variance in the management of the United Church of Zambia can be explained by corporate governance principles. The coefficient for the implementation of corporate governance principles was 0.751, indicating that for every unit increase in the implementation of these principles, the management of the church is expected to increase by 0.751 units, holding all other variables constant. Further, the results showed that the adoption of such principles helped the church comply with legal requirements, mitigate risks, and attract talented leaders. However, there was less agreement on whether it improved the church's management or helped achieve its mission and vision. There was also no consensus on which principle had the greatest impact, and financial performance did not seem to be affected. The effectiveness of the board in implementing corporate governance principles was not considered by most respondents. The study found that while the church had mechanisms in place for handling conflicts of interest and a code of ethics, transparency and accountability were lacking in decision-making processes. There was also no independent auditor reviewing financial statements, no regular training sessions, and a lack of disclosure of performance. The study recommends the church to do among other; develop a corporate governance policy, conduct regular training and education, encourage stakeholder engagement, allocate sufficient resources, develop effective enforcement mechanisms and cultivate a culture of transparency and accountability. Keywords: Corporate governance principles, management, Church | |
| dc.identifier.uri | https://dspace.unza.zm/handle/123456789/8862 | |
| dc.language.iso | en | |
| dc.publisher | The University of Zambia | |
| dc.title | Assessing the effect of corporate governance principles on the management of the united church of Zambia: a case of Lusaka presbytery. | |
| dc.type | Thesis |