IJSRP, Volume 7, Issue 10, October 2017 Edition [ISSN 2250-3153]
Carolyne Ruto, Dr. Isaac Kiprotich Naibei, Dr. Peter Kimutai Cheruiyot
Abstract:
Over the recent past, the SACCO sector has experienced persistent poor financial performance. This is inspite of the fact that the sector is an important contributor of the economics growth in Kenya. Previous studies indicate that corporate governace in SACCOs is a critical driver of performance in the sector.The purpose of this study is to establish the effect of composition of Board of directors and level of Independence on financial performance of SACCOs in Kericho County. Stratified simple random sampling techniques was used to identify respondents. A sample of 119was drawn from apopulation of 169 respondents in the three selected SACCOs in Kericho County. Questionnaire was used to collect the primary data.