An investigation into the effectiveness of the implementation of corporate governance at the Katima Mulilo Town Council
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Date
2023
Authors
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Journal ISSN
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Publisher
University of Namibia
Abstract
The aim of the research was to investigate the adherence of Katima Mulilo Town Council
(KMTC) to corporate governance principles. The objectives of this research were to: investigate
the effectiveness of the implementation of Corporate Governance principles at KMTC; establish
the challenges faced in the implementation of the CG principles at KMTC; and recommend
strategies that can be used to improve the KMTC’s implementation of CG principles of
transparency, accountability, fairness and responsibility. A mixed methodology was used to
collect data from employees and residents of KMTC through an in-depth face to face interview
and a closed ended questionnaire. Purposive sampling together with simple random sampling
were used to select 12 participants for the interview, while 379 were selected to complete a
closed-ended questionnaire in the study. The study revealed that there must be a balanced board
composition at KMCT to lead the implementation of CG. It was also revealed in this study that
independence is needed in CG implementation and there must be auditor independence,
transparency and accountability in CG implementation at KMTC. The study established that the
effectiveness of the implementation of CG is affected by lack of financial resources and poor
levels of transparency and accountability. In addition, the study found out that poor
organisational management skills, poor attitude and perceptions on CG implementation are some
of the dominant challenges affecting the implementation CG at KMTC. The findings also
revealed a lack of quality service delivery due to a lack of clearly defined employee duties which
will have an impact on how CG principles are implemented at KMTC. The study recommends
that in order for KMTC to analyse its own implementation of CG initiatives, adequate
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monitoring and evaluation methods should be in place in every section. It also recommends that
KMTC should avail financial resources that will be used for CG implementation.
Description
A thesis submitted in partial fulfilment of the requirements for the degree of master in business administration management strategy
Keywords
Katima Mulilo Town Council, Corporate governance principles, Implementation of CG initiatives