Johnson Ssekakubo George Ndiwalana Freddie Lwanga
There has been renewed interest in the corporate governance practices of modern corporations since 2001.This is particularly due to the high-profile collapses of a number of large corporations across Europe and the United States. In Uganda, the collapse of banks like Greenland bank, Uganda Corporative bank and International Credit bank was linked to poor corporate governance practices. This study sought to examine the influence of corporate governance on managerial competency of Savings, Credit and Cooperative Societies in Uganda. A cross sectional research design was used. Data was obtained from the respondents by use of questionnaires. The study population used for this research study included 69 Savings, Credit and Cooperative Societies operating in the Busoga region of Uganda. These were the operating Savings, Credit and Cooperative Societies that received funds from Uganda Microfinance Finance Support Centre. Factor analysis and correlation were the main data analysis methods used. Findings reveal a positive relationship between corporate governance and managerial competency (r = .676, p < .01). This implies that high levels of corporate governance of the Savings, Credit and Cooperative Societies in Uganda are associated with high levels of managerial competency. Drawing from the findings, it is important that Savings, Credit and Cooperative Societies pay attention to activities of corporate governance in order to improve their managerial competencies, thereby improving their performance.
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