Corruption in state corporations in Kenya: compliance with corporate governance standards as a measure to combat corruption.

Abstract

This study examines the relationship between the compliance with corporate governance and the level of corruption in state corporations in Kenya. Corruption has manifested itself both as legal and ethical challenge in the governance of state corporations (SCs) with its effects being felt not only in the state corporations concerned but also in all aspects of the national economy. The study is divided into five chapters comprising the proposal as the introduction. Chapter two focuses on the factors that breed and perpetrate corruption and the obtaining anti-corruption regulatory framework, its adequacy and challenges. Chapter three discusses how compliance with corporate governance standards can be used to combat corruption in SCs. Chapter four analyses some of the best corporate governance practices that can be adopted to strengthen the anti-corruption enforcement framework, hence reduce levels of corruption. Chapter five comprises the findings, conclusion and recommendations. Arguably, the theme that runs throughout the research is that, corruption a is a socio-economic challenge to the performance of state corporations and consequently, numerous laws1 have been enacted to prevent, combat and mitigate its effects, however, the enforcement of these laws has not been effective hence the need to complement the regulatory framework with corporate governance standards