Browsing by Author "Charles, Victoria"

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    The impact of composition of board of directors on organizational performance: A case of Fanikiwa Microfinance Company Limited
    (Mzumbe University, 2013) Charles, Victoria
    This study contributes to the literature by investigating the association between the overall performances of a microfinance institution in relation to the board structure and governance of the organization. How MFIs are governed is likely to affect their efficiency, outreach to the poor, sustainability, and impact on poverty alleviation. The research aimed at examining the extent to which board members’ influence over firms’ strategic issues mediates the effects of board composition on the performance of a microfinance institution. The study was conducted in Dar er Salaam, Tanzania. The sample of the population was 26 respondents 6 of which were directors. The study used questionnaires, interviews and documentary review. In data analysis Statistical Package for Social Sciences (SPSS) was used to analyze research findings. The researcher established that there cannot be development without proper leadership in any organisation, thus achieving the same requires a well formed and performing board of directors to form policies and strategies that determine the future of the company as well as explaining the basis of which performance and implementation can be assessed. Members of the board ought to diligently perform the roles of which they were appointed and to the best of their ability in enhancing the performance of the organization. The study recommended that the governing body of the company is a very important organ and plays a major part in enhancing the growth of the company. The same has to be empowered and encouraged in making proper decisions in the event the company and its employees are not in line with the intended company’s policies and strategies. In implementing such, proper and clear plans for the board activities should be put in place well in advance to enable the members to also plan ahead in ensuring their participation in the organization. On the same note companies need to put in place a board that is satisfactory in terms of the qualifications of the members and experience in the related field.