The Economic Benefits And Significance Of Good Corporate Governance In Non-Profit And Profit Institutions: Theimpact Of Governance And Paradigm Shift On Institutional Performance.
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 9
Abstract
This study examines the economic benefits and significance of good governance in non-profit and profit institutions. The study focused on identifying the economic benefits, assessing the significance, investigating the Systems and policy, and establishing the challenges of good governance on performance in non-profit and profit institutions. The study offers viable solutions and recommendations which aim at strengthening leadership in profit and nonprofit institutions to be able to cope with the trends in good corporate governance. Good corporate governance is not just about leadership but requires professionalism and the ethics of all stakeholders as it is a process and journey to be walked by all. The study used descriptive survey design. In data collection method, primary and secondary data were collected which enabled examining the impact of corporate governance on performance in non-profit and profit institutions to enhance paradigm dimensions in decisions making. Purposive technique was utilized in selecting respondents comprising of 150 board members inchurches, colleges and schools who are involved in managing nonprofit and profit institutions. The data collection instruments used in this study was interview schedules and questionnaires. And finally systematicallyanalyzed and interpreted the interim reports. From the findings, most of all, the analysis shows that institutional resources, both financial and human, have significant differences in the adoption of these policies. These findings suggest that both nonprofit and profit institutions should collectively invest in building the infrastructure that helps smaller institutions develop good governance policies and, hence, to remain relevant and be competitive.
Authors and Affiliations
Mbayo Debbie Maloba, Prof. Nyakora Musa
Keywords
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