The Effect of Corporate Governance on the performance of a Financial Institution focusing on CBZ holdings from (2017 To 2022) · Electronic Theses and Dissertations

Author

Madziva, Lesley.

Title

The Effect of Corporate Governance on the performance of a Financial Institution focusing on CBZ holdings from (2017 To 2022)

Abstract

The primary goal of the study was to assess how corporate governance impacts a financial institution's performance from 2017 to 2022, utilizing CBZ as a case study. The research was focused on identifying the key elements of good corporate governance that CBZ Holdings used to boost performance, evaluating whether CBZ Holdings' performance improved as a result of implementing good corporate governance practices, and establishing the procedures, agreements, and/or structures that support good corporate governance at CBZ Holdings. The study used a mixed approach, a technique for doing research that involves gathering, analyzing, and integrating quantitative and qualitative paradigms, which is based on the Stewardship Theoretical Framework and the Pragmatism ideology.The anticipated population size of 70 prospective respondents was listed as the overall expected population size, and questionnaires and interviews were employed to gather the data required for the study. Purposive sampling was utilized to help the researcher find suitable participants among CBZ Holdings officials for the discussion, while a simple random sample was employed to ensure that every bank had an equal chance of being selected. According to the study, accountability, openness, effective communication, fairness, responsibility, risk management, and well-functioning boards are crucial success criteria for strong corporate governance.According to the study's findings, corporate governance and organizational performance are positively correlated. This report suggested that each sector should monitor and clearly enforce compliance with ZIMCODE and the Public businesses Corporate Governance Act for all commercial and public businesses. A review of the position of human resources executives is also necessary so that they can guard against board excesses such exaggerated salaries and benefits, executive and staff hiring, and poor internal communication and openness. The board remuneration committee must design compensation plans so that executives are both compensated and held to certain standards of business performance. Although the focus of this study was on financial institutions in Zimbabwe, it can also be applied to public sector,manufacturing and transport instututions.

Date

May 2023

Publisher

BUSE

Keywords

Corporate governance,

Financial institution,

Performance,

Supervisor

N/A