EFFECT OF CO-OPERATIVES REFORMS ON CORPORATE GOVERNANCE IN SAVINGS AND CREDIT CO-OPERATIVES IN KAKA MEGA COUNTY, KENYA.

Abstract

This paper made an attempt to establish the effect of co-operatives reforms on corporate governance in savings and credit co-operatives in Kakamega County; Kenya. The Kenyan Government has undertaken various legislative and policy reforms in the co-operative sector aimed at improving corporate governance. So far, there is limited information as to the outcome of this initiative. The objective of the study was to determine the effect of co-operatives reforms on corporate governance in the SACCOs in the county. The study adopted a correlational research design. The study population comprised of the 35 SACCOs in the county as at December, 2012. Cronbach’s Alpha score was computed to establish the reliability of the results. The Alpha score was found to be 0.883 and was above the acceptable 0.7 for social sciences research. Descriptive and inferential statistics were used. The hypothesis was tested using simple regression coefficient at 95 percent confidence level. The study revealed that co-operatives reforms have a significant effect on corporate governance in SACCOs in Kakamega County. The study recommended that co-operatives should establish ways of how to fully adopt reforms. The findings of the study may help scholars and policy makers to understand and craft policies on reforms

Keywords: Co-Operative Reforms, Co-Operative Society, Corporate Governance


Article Review Status: Published

Pages: 59-66 (Download PDF)

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