Strengthening Corporate Governance to Curb Corruption in Banks in Kenya: a Case Study of Dubai Bank and Imperial Bank
Abstract
The Corruption menace is not only local but also global. It is a major threat to global financial
stability and international economic security. Corruption is no respecter of the size or types of
business organizations or even their locations. It can crush a firm and create a ripple effect on the
firm's stakeholders' livelihoods which are, invariably, pegged on the firm's financial successes
and Kenya just like other countries is no exception
Corruption is equally not a respecter of sectors and a sector that has recently felt its terrible hit is
the Kenya banking sector. The author examines whether the emergence of corporate governance
mechanisms in Kenya has had any tangible results in the eradication of corruption in the banking
sector and in doing so, analyses the collapse of Dubai Bank and Imperial Bank and the reasons
behind their respective collapse.
The study comprises five chapters. The first introduces the background to the study, the underlying
theoretical framework, the hypotheses, and the problem statement among others. The second
chapter founds the case study which contains an in-depth analysis of the collapse of Dubai Bank
and Imperial Bank as it seeks to establish that weak corporate governance and corruption are the
common denominators in their collapse. The third chapter reviews the existing policy, legal and
regulatory framework in Kenya on corporate governance and corruption both local and
international.
The fourth chapter examines the practice of corporate governance in South Africa and in the United
to appreciate best practices. The study wraps up with conclusions from the research findings and
proceeds to prescribe recommendations for addressing the challenges facing banks in Kenya.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- School of Law [291]
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