Corporate governance and business performance: a case study of selected companies in Uganda
The study was carried out to examine corporate governance (Transparency, Fairness and Accountability) and its predictive strength on perceived performance in selected cases of failed, poorly and well performing organizations in Uganda. The researcher developed a conceptual framework which relates Transparency, Fairness and Accountability to Perceived Performance. The research objectives set out to determine the relationship between Transparency, Fairness, Accountability, and their predictive strength on perceived performance. A cross sectional correlation survey design was carried out using individuals within various selected cases of failed, poorly and well performing organizations in Uganda. The research instruments were self administered questionnaires. Purposive sample selection method was used to target respondents who were specifically former and current members of Board of Directors, Chief Executive Officers and Top Management Teams. A sample of 52 companies was considered for the study. The results reveal strong significant positive correlation coefficients between Transparency, Fairness, Accountability and Perceived Performance. It can be concluded that transparency explains most of the variance in perceived performance as regards the magnitude of the standardized Beta coefficients in the regression statistical model of selected cases of failed, poorly and well performing organizations in Uganda. There is need to enhance corporate governance by improving Accountability, Fairness and Transparency so as to increase corporate performance in organizations.