Influence Of Boards In Promoting Corporate Governance Practices In State Owned Enterprises: The Case Of Uchumi Supermarkets

In the face of major scandals leading to the collapse of large corporations, especially State owned ones, with disastrous social and economic consequences, the need for good corporate governance practices is increasingly taking center stage. The significance of good corporate governance hit world headlines in 2002, when major corporate failures occurred in United States (U.S). In Kenya, the question of corporate governance came up in 1990s in the advent of similar corporate scandals and misdemeanors that saw the collapse of companies and parastatals among them, National Housing Corporation, Ke…