INFLUENCE OF BOARD DIVERSITY ON PERFORMANCE OF DEPOSIT TAKING SACCOS IN KENYA

Abstract: The study objective was to establish the extent to which Board Diversity influences performance of Deposit Taking SACCOs in Kenya. The study was based on the domain of corporate governance and anchored on the theoretical postulations of Resource Dependence Theory. The purpose of the study was to enrich the existing knowledge about embracing board diversity to enhance performance. Understanding the influence of board diversity is crucial in suppoting the development of corporate governance realm in both policy and academia spheres. The study adopted descriptive cross-sectional survey and correlational research designs. The study used proportionate stratified and simple random sampling technique to select a sample size. Data was analysed through descriptive statistics, content analysis, Pearson’s correlation, hypotheses testing, and regression analytical approaches. Findings suggest an overall correlation coefficient for Board diversity and performance of deposit taking SACCOs in Kenya. The study concluded that there is a significant relationship between Board diversity and performance of deposit taking SACCOs in Kenya. The study recommends that dertemination of board size should be depedent on organisational operations and existing regulations. Further, more women in boards to ensures diversity, legitimacy and build trust. Separation of roles and capping the directors’ incentive act to safeguard stakeholders’ interest. Areas for future studies are exploration of other dimensions of board diversity in different contexts to corroborate these findings. Keywords: Board Size, Gender, Compensation, Leadership, Pefomance, Deposit-Taking-Saccos. Title: INFLUENCE OF BOARD DIVERSITY ON PERFORMANCE OF DEPOSIT TAKING SACCOS IN KENYA Author: Ncurai, D.M., Rambo, C, M., Oloko, M. International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 10, Issue 1, April 2022 - September 2022 Page No: 83-99 Research Publish Journals (Publisher) Website: www.researchpublish.com Published date: 28-April-2022 DOI: https://doi.org/10.5281/zenodo.6500290 Paper download Link (Source): https://www.researchpublish.com/papers/influence-of-board-diversity-on-performance-of-deposit-taking-saccos-in-kenyaResearch Publish Journals (Publisher), Website: www.researchpublish.com, International Journal of Management and Commerce Innovations, ISSN 2348-7585 (Online