Browsing by Author "Immanuel, Fillemon Wise"

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    An investigation into the application of corporate governance principles at selected public enterprises in Namibia
    (University of Namibia, 2019) Immanuel, Fillemon Wise; Matipira, Lovemore
    This thesis investigated the application of corporate governance principles at selected Public Enterprises in Namibia, with a specific focus on Risk Management, IT governance as well as Board Performance and Effectiveness. These three aspects are focal areas at the core of corporate governance and are determinants of corporate success of an institution. The thesis highlighted the Namibian perspective on corporate governance in terms of the domestication of the King III and the development of other codes aimed at improving corporate governance space in the country. The thesis would serve as a resourceful guide to future researches and the general practice of corporate governance both in Namibia and beyond. The thesis adopted a qualitative methodology research approach and followed an explorative research philosophy. The population of this thesis was 80, comprising ofNAMFISA Board of Directors, UNAM Council Members and their respective committees, and the owners of the two institutions. By use of interviews and survey questionnaires, data was collected through a convergent method. Through ATLAS.ti data was analysed using a content analysis. The thesis found that both NamCode and King III have influence on corporate governance practices in Namibia. Furthermore, both NAMFISA and UNAM, although at varying degrees, apply corporate governance principles in terms of risk management and TT governance. The thesis could however not make a clear cut finding on whether the two institution have adopted the Board/Council Performance Evaluation principle. In addition it established that board and council's constitution and appointment were informed by specific theories based on the institutional needs. This approach is often pursued in ensuring the Board/Council effectiveness. The thesis recommended inter alia, the amendments of the enabling Acts of the two institution to align them with the Public Enterprises Governance Act and bring clear separation of powers, introduction of Board/Council Performance appraisals, auditing of the exercise of delegated powers, future investigation of the concept of reversed governance and the relationship between political correctness and corporate governance