An exploration of corporate governance and performance of a state-owned-enterprise: A case study of TransNamib in Namibia.
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Weaknesses in corporate governance are one of the primary problems which TransNamib is facing currently. Therefore, the study concentrated on investigating the impact of corporate governance on the performance of TransNamib. The major objectives of the study were to determine elements of corporate governance that impact on performance at TransNamib; to evaluate the corporate governance process at TransNamib and to establish governance factors that limit performance at TransNamib. In conducting this research four research questions were answered. The data collection instrument used was the self-administered questionnaire, which was targeted to the board of directors, the shareholder and the executive management of TransNamib. In-depth interviews were also conducted targeting the executive management. The research applied both qualitative and quantitative methods. The estimations and data analysis were done using the IBM 20 SPSS statistical software. The main tests that were used in the current study are the frequency tables and the one-way ANOVA test. The questionnaire instrument reliability and validity were tested using the Cronbach’s Alpha coefficient. The qualitative data collected was organized and summarized by using descriptive statistical methods such as averages, tables and percentages. In addition, qualitative data were interpreted and directly linked to the relevant research questions. The results obtained were compared with what theory says and some appropriate recommendations were made. The recommendations were made with the view of assisting TransNamib improve in areas where it is lacking. The study recommends that an improvement on the corporate governance process within the company has to be enhanced.
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