Influence of Corporate Governance Practices on Management of Public Technical Training Institutes in Nairobi City County, Kenya
Abstract
The purpose of this study was to investigate the influence of corporate governance practices on the management of public Technical Training Institutes in Nairobi City County. The study objectives were; to determine the extent to which selection criteria of BOM members influence the management of public Technical Training Institutes in Nairobi City County and to establish the extent to which proper financial record keeping influence the management of public Technical Training Institutes in Nairobi City County. The study employed descriptive research design to determine corporate governance practices influencing management of public technical training institutes in Nairobi City County. The target population was three Technical training institutes in Nairobi City County. The study therefore targeted 54 BOMs, 3 bursars and 3 principals. The units of analysis were Board of management members, principals and bursars for the three public technical training institutes in Nairobi City County. Since the population size for principals and bursars was small, census technique was adopted to select a sample of 3 principals and 3 bursars. Simple random sampling technique was used to select a sample size of 51 Board of Management members. Primary data were collected through the use of semi structured questionnaires and interview guides. Content validity was used by the researcher to check whether the items in the interview guides answer the research objectives. The results of the study indicated that the Technical training institutes where Board of management selection criteria was effective managed schools better than those whose selection criteria were not effective. Further, TTIs where financial record keeping was fair was characterized by fair management than those institutes that had a better financial record keeping. Based on research finding it can be concluded that Board of management selection criterion and financial record keeping. It is recommended that the management of the technical training institutes ensures that only competent and qualified Board members are selected to manage schools. Evidence shows that effective school boards may contribute to the success of their schools. It is also recommended that the school adopts a better financial management system.
Keywords: Selection criteria, BOM members, Management of Public Technical Training Institutes, Financial record keeping and Nairobi City County
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