An assessment of the implementation of corporate governance values in non-governmental organisations (NGOs) in Zambia.
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Date
2022
Authors
Hanjalika, Nchimunya
Journal Title
Journal ISSN
Volume Title
Publisher
The University of Zambia
Abstract
The overall objective of this study was to assess the implementation of corporate governance values in network NGOs in Zambia. It was principally based on three (3) specific objectives and these were: 1) To evaluate the implementation process of corporate governance values in NGOs; 2) To establish the corporate governance values being implemented in NGOs; and 3) To determine the extent to which corporate governance values have been implemented in network NGOs. The study adopted a concurrent mixed approach using descriptive research design through which involving both qualitative and quantitative data collected using interview temples and questionnaires. The sample size of 46 respondents was used from which the heads of departments were picked using purposive while subordinate staffs were selected using simple random sampling techniques. Analysis and interpretation of qualitative data was done using thematic analysis whereas Statistical Package for Social Science (SPSS) version 20, and Microsoft Excel applied on quantitative data analysis in which Chi-square test to determine the relationship between variables was used. Findings from the study revealed that several processes were used in implementing corporate governance values in NGOs in Zambia. However, most of the organisations implemented corporate governance values through established policies and guidelines that existed at the time of the study. Among the corporate governance values implemented included financial reporting, transparency, and accountability, board existence with proper stipulated term of office. They also ensured good board culture, and safeguarding the environment and work place, adherence to professionalism and engaging participation of various stakeholders in the operations of the organisation. These stakeholders included funders, directors, employees and the community members from which the projects were implemented. Further, the NGOs upheld such corporate values as moral integrity and commitment in running of their affairs. In determining the extent to which corporate governance values have been implemented in network NGOs, it was found from the Pearson’s Correlation Coefficient test that board size, financial reporting, transparency, and accountability as well as board culture positively influenced the implementation of cooperate government in NGOs to a higher extent, whereas board size to a lower extent. To this effect it was recommended that the organisations must consider reviewing the laid down regulatory framework or policies and rules often to amend the ones not functioning to enhance the process of implementing corporate governance values. The Non-Governmental Organizations should put in place a governance framework that stipulates clear guidance to the function of the organization governance body. They need to consider putting in robust systems for recruitment of qualified board members and further enhance communication and information flow among the board, management, staff, donors and other key stakeholders to enhance the implementation of corporate governance values.
Key Words: Corporate governance
Description
Thesis of Masters Degree of Business Administration: Management Strategy.