An Exploration of Corporate Governance and Performance of a State-Owned- Enterprise: A Case study of TransNamib in Namibia

ABSTRACT

Weaknesses in corporate governance are one of the primary problems

which TransNamib is facing currently. Therefore, the study concentrated on

investigating the impact of corporate governance on the performance of

TransNamib. The major objectives of the study were to determine elements of

corporate governance that impact on performance at TransNamib; to evaluate

the corporate governance process at TransNamib and to establish governance

factors that limit performance at TransNamib.

In conducting this research four research questions were answered. The

data collection instrument used was the self-administered questionnaire, which

was targeted to the board of directors, the shareholder and the executive

management of TransNamib. In-depth interviews were also conducted targeting

the executive management. The research applied both qualitative and

quantitative methods. The estimations and data analysis were done using the

IBM 20 SPSS statistical software. The main tests that were used in the current

study are the frequency tables and the one-way ANOVA test. The questionnaire

instrument reliability and validity were tested using the Cronbach’s Alpha

coefficient. The qualitative data collected was organized and summarized by

using descriptive statistical methods such as averages, tables and percentages. In

addition, qualitative data were interpreted and directly linked to the relevant

research questions. The results obtained were compared with what theory says

and some appropriate recommendations were made. The recommendations

were made with the view of assisting TransNamib improve in areas where it is lacking. The study recommends that an improvement on the corporate

governance process within the company has to be enhanced.