The importance and effectiveness of corporate governance at a higher tertiary institution, UKZN.
Date
2015
Authors
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Abstract
The main aims of this descriptive research study to establish whether the institution is properly
governed and controlled. The study adopted a quantitative approach conducted among 100
support staff employees at various levels of management, this was done using a self-administered
questionnaires to achieve the following objectives:
i. To assess the effectiveness and efficiency of corporate governance structures are at the
university.
ii. To ascertain whether the university has adequate policies and procedures to address
issues relating to enterprise risk (that is, strategic; financial; operational; compliance and
reputational).
iii. To establish whether various levels of management have different preferences regarding
effective and efficient corporate governance at the university.
The study results discovered that 70% of support staff members at various levels of management
confirmed that there is effective and efficient functioning of corporate governance at UKZN. The
study discovered that 72% of support staff members at various levels of management agreed that
the university has adequate policies and procedures to address issues relating to enterprise risk.
The study revealed that the majority of respondents agreed (100%) with all statements which
verified their general knowledge of corporate governance as well confirming that UKZN has
been knowledgeable in the area of corporate governance compliance. In conclusion, a positive
way in which participants welcomed the study made it easy to achieve the study objectives
which were in itself able to address the study problem. The high outcomes on the fact that UKZN
has effective and efficient corporate governance was able to provide the study with the
opportunity to propose the model and the corporate governance structure that will assist the
university in sustaining the current status of corporate governance. Shortfall and weaknesses
provided by the study enabled the researcher to recommend actions for implementation by
management. The study achieved its objectives.
Description
Master of Business Administration. University of KwaZulu-Natal, Westville 2015.
Keywords
University of KwaZulu-Natal., Universities and colleges--Administration., Education, Higher--South Africa--KwaZulu-Natal., Corporate governance., Theses--Business administration.