| dc.description.abstract | Across the globe, corporate governance is of essence more especially in the competitive
business environment. In the public sector there is increasing concern by citizens on how
public financial resources are managed by different government agencies. Reports from the
Auditor General, the Controller of Budget, and other government agencies have revealed
worrying trends in the management of public financial resources. Specifically, these reports
highlight inadequate budgetary controls, lack of stakeholders involvement, absence of
accountability, and a lack of transparency in financial reporting, all of which compromise
accountability and hinder effective public resource management.The National Government
Constituency Development Fund is increasingly at the center of this nexus which raises
interesting questions on what is role of the corporate governance practices and
implementation of the National Government Constituency Funded projects? The general
objective of this study was to determine the influence of corporate governance practices on
the implementation of National Government Constituency Development funded projects in
Homabay County. Specific objectives of the study were: to examine the influence of
stakeholders’ participation, professionalism, transparency and accountability on the
implementation of NG-CDF projects in Homabay County, Kenya. The study was guided by
the stakeholder theory as the main theory supported by resource – based theory, agency
theory and stewardship theory. To achieve the objectives of the study, the researcher
employed a descriptive survey research design. The study targeted a population of 1680
chairmen of PMCs for education projects funded by the NG-CDF in Homabay County. The
study utilized both stratified and simple random techniques sample. Yamane’s Formula
was used to get sample size of 323. This study adopted the use of both close and open
ended questionnaires to collect data. A pilot was done in Migori County. validity and
reliability were tested using content validity and Cronbach Alpha test respectively. The
data analysis was done using both descriptive statistics as; frequency, percentage, mean and
standard deviation and inferential statistics using Pearson Correlation, simple and multiple
regression analysis. Content analysis was used to analyze data collected from open-ended
questions. The study established that there was an agreement that stakeholder participation,
professionalism, transparency and accountability affected implementation of NG-CDF
projects.
The study concluded that stakeholder participation, professionalism,
accountability and transparency had a significant and positive effect on the implementation
of the National Government-Constituency Development funded projects in Homabay
County. The study recommended that the Fund managers in Homabay County ought to
actively engage the various stakeholders including the community in the implementation of
NG-CDF. The NG-CDF committee members are to exercise professionalism in the
exercise of their duties. NG-CDF committee members are to be held accountability for the
utilization of NG-CDF funds. The NG-CDF officials are to enhance the level of
transparency in the utilization of the NG-CDF development funds. | en_US |
