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A study of the relationship between corporate governance board characteristics and practices, and business performance of Zimbabwe Stock Exchange listed banks

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dc.contributor.author Chitambara, Precious Tatambura
dc.date.accessioned 2017-08-21T07:29:40Z
dc.date.available 2017-08-21T07:29:40Z
dc.date.issued 2017-03
dc.identifier.citation Chitambara, P. T., (2014). A study of the relationship between corporate governance board characteristics and practices, and business performance of Zimbabwe Stock Exchange listed banks. (Unpublished masters thesis). University of Zimbabwe. en_US
dc.identifier.uri http://hdl.handle.net/10646/3373
dc.description.abstract The overriding aim of this study was to study the relationship between corporate governance board characteristics and practices, and business performance of banks listed on the Zimbabwe Stock Exchange (ZSE) at the end of 2013. Board characteristics investigated in this study were Board composition and diversity; Board size, meetings frequency and board members’ attendance at meetings; Chief Executive Officer (CEO) status and succession planning; and Board committees, with a particular emphasis on Audit, Remuneration and Nomination committees. Both financial and non-financial business performance measures were considered. The study sample was selected using a stratified random sampling approach. Further in pursuit of the study a quantitative research methodology was employed, utilizing both descriptive and inferential statistics in analyzing the data. For inferential statistics, correlation and regression analysis models were used. In addition, independent t-tests and analysis of variance (ANOVA) models were also performed on the data. The study found a significant negative relationship between all the board characteristics and practices under study and business performance. The study also found a good level of compliance with corporate governance good board practices by ZSE listed banks. Finally the study found that the identified corporate governance board characteristics and practices cannot be used as a good predictor of business performance of the ZSE listed banks. The study recommended less board diversity and fewer non-executive directors on boards. Also smaller boards were recommended together with fewer board meetings. On CEO status and succession planning it was recommended that both positions be occupied by the same person. Finally on board committees, it was recommended that ZSE listed banks have as much as possible less of such boards for enhanced business performance. en_US
dc.language.iso en_ZW en_US
dc.subject Corporate governance en_US
dc.subject Business performance en_US
dc.subject Banks en_US
dc.subject Zimbabwe Stock Exchange en_US
dc.title A study of the relationship between corporate governance board characteristics and practices, and business performance of Zimbabwe Stock Exchange listed banks en_US
dc.contributor.registrationnumber R983292H en_US
thesis.degree.advisor Sandada, Maxwell
thesis.degree.country Zimbabwe en_US
thesis.degree.discipline Graduate School of Management en_US
thesis.degree.faculty Faculty of Commerce en_US
thesis.degree.grantor University of Zimbabwe en_US
thesis.degree.grantoremail specialcol@uzlib.uz.ac.zw
thesis.degree.level MSc en_US
thesis.degree.name Master of Business Administration en_US
thesis.degree.thesistype Thesis en_US
dc.date.defense 2014


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