Challenges of Strategic Management in Enhancing Shareholders Value
Table of Contents
CHAPTER ONE 2
1.0 Background of the Study 2
1.1 Statement of the Problem 4
1.2 Purpose of the Study 6
1.3 Research Questions 7
1.4 Importance of the Study 7
1.5 Scope of the Study 8
1.6 Chapter Summary 8
CHAPTER TWO 9
2.0 Literature Review 9
2.1 Introduction 9
2.2 Research Question 1: Is the CEO also the Board Chairman? 9
2.2.1 Corporate Governance 9
2.2.2 Dualism 10
2.3 Research Question 2: Are there board committees in the board of directors? 10
2.3.1 Board of Directors 10
2.3.2 Board Structure 11
2.3.3 Board Committees 12
2.3.3.1 The Audit Committee 12
2.3.3.2 The Compensation Committee 14
2.3.3.3 The nomination Committee 14
2.4 Research Question 3: Does Standard Investment Bank provide financial statements to its investors? 15
2.4.1 Regulators and Professional Bodies 15 2.4.1.1 Legislative Law 15
2.4.1.2 The Nairobi Stock Exchange 16
2.4.1.3 Capital Markets Authority 16
2.4.1.4 Institute of Certified Public Accountants of Kenya (ICPAK) 16
2.4.1.5 Institute of Certified Public Secretaries of Kenya (ICPSK) 17
2.5 Chapter Summary 17
CHAPTER THREE 18
3.0 RESEARCH METHODOLOGY 18
3.1 Introduction 18
3.2 Research Objectives 18
3.3 Research Design 18
3.4 Population and Sampling Technique 19
3.4.2 Census 19
3.4.2.2 Sampling frame 19
3.4.2.3 Sample size 19
3.5 Data Collection Method 19
3.6 Research Procedures 20
3.6.1 Pretest 20
3.6.2 Request for Research Participation 20
3.6.3 Survey Questionnaire 20
3.7 Data Analysis Method 21
3.8 Chapter Summary 21
CHAPTER ONE
Background of the Study
In Kenya, the Nairobi Stock Exchange (NSE) provides a link between the buyers and sellers of shares. The Nairobi Stock Exchange acts a market where excess funds can be channeled to companies that need these resources. To facilitate the trade, brokerage firms have been incorporated to aid both the buyers and sellers of shares in making important investment decisions. The
CHAPTER ONE 2
1.0 Background of the Study 2
1.1 Statement of the Problem 4
1.2 Purpose of the Study 6
1.3 Research Questions 7
1.4 Importance of the Study 7
1.5 Scope of the Study 8
1.6 Chapter Summary 8
CHAPTER TWO 9
2.0 Literature Review 9
2.1 Introduction 9
2.2 Research Question 1: Is the CEO also the Board Chairman? 9
2.2.1 Corporate Governance 9
2.2.2 Dualism 10
2.3 Research Question 2: Are there board committees in the board of directors? 10
2.3.1 Board of Directors 10
2.3.2 Board Structure 11
2.3.3 Board Committees 12
2.3.3.1 The Audit Committee 12
2.3.3.2 The Compensation Committee 14
2.3.3.3 The nomination Committee 14
2.4 Research Question 3: Does Standard Investment Bank provide financial statements to its investors? 15
2.4.1 Regulators and Professional Bodies 15 2.4.1.1 Legislative Law 15
2.4.1.2 The Nairobi Stock Exchange 16
2.4.1.3 Capital Markets Authority 16
2.4.1.4 Institute of Certified Public Accountants of Kenya (ICPAK) 16
2.4.1.5 Institute of Certified Public Secretaries of Kenya (ICPSK) 17
2.5 Chapter Summary 17
CHAPTER THREE 18
3.0 RESEARCH METHODOLOGY 18
3.1 Introduction 18
3.2 Research Objectives 18
3.3 Research Design 18
3.4 Population and Sampling Technique 19
3.4.2 Census 19
3.4.2.2 Sampling frame 19
3.4.2.3 Sample size 19
3.5 Data Collection Method 19
3.6 Research Procedures 20
3.6.1 Pretest 20
3.6.2 Request for Research Participation 20
3.6.3 Survey Questionnaire 20
3.7 Data Analysis Method 21
3.8 Chapter Summary 21
CHAPTER ONE
Background of the Study
In Kenya, the Nairobi Stock Exchange (NSE) provides a link between the buyers and sellers of shares. The Nairobi Stock Exchange acts a market where excess funds can be channeled to companies that need these resources. To facilitate the trade, brokerage firms have been incorporated to aid both the buyers and sellers of shares in making important investment decisions. The