Nexus Between Corporate Governance and Organisational Performance of Faith-Based Hospitals in Kenya
DOI:
https://doi.org/10.53819/81018102t2436Abstract
The overall objective of this paper was to examine the relationship between corporate governance and organizational performance of faith-based hospitals in Kenya. This paper used cross-sectional survey research design utilizing quantitative data from the questionnaires. The study also used a cross-sectional survey study. The units of analysis comprised the 115 Level 4 and 5 Faith-Based Hospitals in Kenya. Primary data was obtained through structured questionnaires. The study findings revealed a statistically significant relationship between corporate governance and organisational performance of faith based hospitals. To guarantee strategic direction, accountability, and moral governance practices, the study advises the organization to strengthen the capability and supervisory responsibilities of hospital boards in faith-based hospitals. The empirical data generated from study findings will be useful to the government and other sectors in formulating policies aimed at improving corporate governance and performance. To guarantee accountability and strategic direction, clearly, faith-based hospitals should define the tasks and responsibilities of the board of directors. To establish credibility and trust, faith-based hospitals should use open and honest decision-making procedures and consistent communication with stakeholders, encourage a company culture built on moral precepts and religious beliefs, and make sure that these values are reflected in every aspect of the business, build the organization's leadership capabilities to lead innovation in healthcare services and overcome obstacles.
Keywords: Corporate Governance, Organisational performance, Faith-based hospitals
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