An Investigation on Corporate Governance in Savings and Credit Cooperatives

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An Investigation on Corporate Governance in Savings and Credit Cooperatives

ABSTRACT:– There have been some research on corporate governance in SACCO‟S as revealed in the literature review but this study seeks to investigate the corporate governance in SACCO‟S in the southern part of Malawi. The research attempts to solve corporate governance issues hindering the growth and sustainability of SACCO‟s, the effects of poor governance, and recommend ways of improving corporate governance. The study selected 10 managers from different SACCO‟S in the southern part of Malawi as respondents of the questionnaire and a qualitative approach was used to analyse the data. The interviewed participants commented that with good governance the SACCO will be able to grow leading to an improved performance in operations with growth and profitability as by-products. With good governance practices the image of the company would be enhanced and have an ability to win investor confidence. Good corporate governance requires people with reputable integrity who can propel the business to greater heights. The overall recommendation is that there is need for training and demarcation of duties between management and the board of directors for smooth running of the SACCO‟S.

KEYWORDS:- corporate governance, investor confidence

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