Corporate Governance Practices And Financial Performance Of Water Companies Under Lake Victoria South Water Services Board, Kenya

ABSTRACT The interest and focus in the modern corporate governance practices, especially on matters accountability received much attention following the high-profile collapses of mega firms in the recent past due to accounting fraud. Further interest rose following the financial crisis in 2008. These scandals attracted both public and political concerns in the corporate governance regulation. The governance system of any firm impacts on the ability of the corporation to respond to external factors and consequently its performance. Well governed entities tend to perform better, earn investor g…