Governance Problem in Saccos

Table of Contents Page No

CHAPTER ONE 2
1.0 INTRODUCTION 2
1.1 Back ground Information 2
1.2The Problem Statement 7
1.3 STATUS OF SACCOS 8
1.4 Research Objectives 12
1.5 Significance of Research 13
CHAPTER TWO 15
2.0 LITERATURE REVIEW 15
2.1 Theoretical and conceptual frame work 15
CHAPTER THREE 21
3.0 Research Methodology and Materials 21
3.1 Research Methodology 21
4.0 RESEARCH TIME FRAME 28
5.0 RESEARCH BUDGET 28
Bibliography 30
APPENDIX II - QUESTIONNAIRE 33

CHAPTER ONE
1.0 INTRODUCTION
1.1 Back ground Information

Good governance is now accepted as vital to achieving the Millennium Development Goals and as a pre-condition for sustainable economic growth. Ensuring better governance of corporations, financial institutions and markets is increasingly recognized for developing countries despite of the limited number of firms there with widely traded shares. For developing countries, significant benefits can be linked to higher corporate governance standards in the private sector. These include better access to external finance, lower costs of capital and better firm performance (Claessens 2003).
Defining corporate governance
Research into corporate governance in developing countries, especially comparative studies, typically is based on a broad definition of corporate governance which includes the relationships a company has with its wider stakeholders as well as its shareholders. According to Claessens, corporate governance would include:
The relationship between shareholders, creditors, and corporations; between financial markets, institutions and corporations; and between employees and corporations. Corporate governance would also encompass the issue of corporate social responsibility, including such aspects as the dealings of the firm with respect to culture and the environment” (Claessens 2003:5).

The recent revision of the Principles of Corporate Governance

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