Corporate governance (CG) literature implicitly assumes that profit making organizations are the
subject of analysis, as a result of the stress placed on them in CG literature. However, the
findings in the profit making organizations cannot be replicated in the non-profit organizations
due to the differences in the motives of existence. Various studies that have been conducted in
the NGO setting tend to implicitly associate their governance narrowly to the boards, often to the
neglect of the wider governance system. This has led to little emphasis on the wider CG
mechanisms and its effect on organizational efficiency, especially in a developing economy, such
as Ghana, where there have been calls for further understanding in their governance frameworks.
Therefore, this study sought to assess the effect of CG mechanisms on the amount of funds
raised and operational efficiency, as measured by technical efficiency (TE), allocative efficiency
(AE) and liquidity. Additionally, the influence of the operational efficiency of NGOs on the
amount of funds raised was assessed. Panel data for NGOs operating in Ghana over the period of
2009- 2013, available at the Department of Social Welfare, resulting in a sample of 146 NGOyear, data was analysed using the ordinary least squares (OLS) regression. The findings of this
study indicate that NGOs which put in place CG mechanisms such as CEO- Duality and employ
the services of a BIG-4 audit firm leads to the NGO raising more funds. The results also show
that gender diversity and the separation between CEO/Executive Director ensure quality in the
monitoring role the board plays leading to technical efficiency of the board. Additionally, the
operational efficiency of the NGO has an impact on the amount of funds it is able to raise. This
study responds to the calls to increase the minimal corporate governance literature on NGOs in a
developing economy, and goes further to show how the wider CG mechanisms affect their
operational efficiency and the amount of funds raised.
CDR, C (2021). CORPORATE GOVERNANCE, FUNDRAISING AND OPERATIONAL EFFICIENCY OF NON-GOVERNMENTAL ORGANIZATIONS IN GHANA. Afribary.com: Retrieved April 14, 2021, from https://afribary.com/works/corporate-governance-fundraising-and-operational-efficiency-of-non-governmental-organizations-in-ghana
Coalition, CDR. "CORPORATE GOVERNANCE, FUNDRAISING AND OPERATIONAL EFFICIENCY OF NON-GOVERNMENTAL ORGANIZATIONS IN GHANA" Afribary.com. Afribary.com, 02 Apr. 2021, https://afribary.com/works/corporate-governance-fundraising-and-operational-efficiency-of-non-governmental-organizations-in-ghana . Accessed 14 Apr. 2021.
Coalition, CDR. "CORPORATE GOVERNANCE, FUNDRAISING AND OPERATIONAL EFFICIENCY OF NON-GOVERNMENTAL ORGANIZATIONS IN GHANA". Afribary.com, Afribary.com, 02 Apr. 2021. Web. 14 Apr. 2021. < https://afribary.com/works/corporate-governance-fundraising-and-operational-efficiency-of-non-governmental-organizations-in-ghana >.
Coalition, CDR. "CORPORATE GOVERNANCE, FUNDRAISING AND OPERATIONAL EFFICIENCY OF NON-GOVERNMENTAL ORGANIZATIONS IN GHANA" Afribary.com (2021). Accessed April 14, 2021. https://afribary.com/works/corporate-governance-fundraising-and-operational-efficiency-of-non-governmental-organizations-in-ghana