Corporate Governance and Employee Performance: A Study of St. Dominic Hospital, Akwatia

ABSTRACT

This study examines the effect of elements of corporate governance on employee performance at St. Dominic Hospital, Akwatia. The literature reviewed discusses five variables of employee performance, organisational culture, organisational leadership, organisational structure, and internal systems and control. Data was collected, using a questionnaire, from a sample of 14 management members, 86 senior staff and 66 junior staff. Data obtained from each respondent was then entered into excel and statistically analysed using stata 11. Through simple correlation analyses, it was concluded that there is a moderate significant relationship between employees’ performance and the elements of corporate governance studied. The study also found that there is a moderate significant relationship between employees’ performance and leadership style. Moreover, it was found that there is a significant relationship between employees’ performance and internal systems and control and organisational culture. However, there was no significant relationship between employees’ performance and organisational structure. It was again found that corporate governance practices have direct influence on the performance of employees. This study therefore, provides a new dimension to corporate governance practices and employees’ performance, foundation for new policy direction in organizations. This implies that Boards and owners of organizations have to intensify their interest in the organizational culture, structure, leadership styles, and control systems exhibited in their institutions to ensure improved employee performance for overall corporate growth