An evaluation of corporate governance practices at local authorities: A case study of Rundu Town Council
Loading...
Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Namibia
Abstract
Corporate governance systems have evolved over the years, if not centuries. More often
than not, it has been in response to corporate scandals or system failures. This study sets
out to evaluate the corporate governance practices at the Rundu Town Council (RTC), in
terms of organisational values of good corporate governance and the existence of
various policies, strategies and plans as part of its corporate governance model. This
RTC case study used a mixed approach (qualitative and quantitative research methods).
The sample size was 18, equivalent to the target population but only 15 responded
positively. Questionnaires were used to collect data and document analysis was carried
out on secondary data. The data was imported into the SPSS with specific commands
which enabled the retrieval of the results. Graphs and charts were analysed and
postulated conclusions based on the analysis. The main findings were, among others, the
minimal policy discretions on decisions with regards to HR, financial management,
target group and policy instruments, non-existence of internal audit function and audit
committee, existence of codes of conduct and strategic plan and, failure by the council to
conduct regular performance assessment. In conclusion, a significant number of
decisions in these important fields were taken in consultation with and within the limits
set by the central government through its portfolio ministry, the MURD. This study
recommends greater policy autonomy and accountability on HR, financial management,
target groups and policy instruments. It also recommends the establishment of the
internal audit function, audit committee and/or risk management committee. SLA should
be considered between RTC and the portfolio ministry as a tool to measure and monitor
performance by the respective ministry
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (Management Strategy)
Keywords
Corporate governance systems, Local authorities, Rundu Town Council, University of Namibia, Namibia