Journal of Business Law and Ethics

Corporate Governance in Private Universities: Financial Performance Perspective
Tusubira Nyende Festo, Isaac Nabeta Nkote, PhD

Abstract
Purpose: The purpose of the study is to examine the relationship between corporate governance and financial performance among private universities in Uganda. Methodology: A cross sectional descriptive survey design was used and data were gathered from four (4) private universities in Uganda. Findings: The study revealed that corporate governance variables negatively affected financial performance while policy and decision making are significant predictors of financial performance. Corporate governance variable are significant predictors of board roles, board roles are significant predictors of board effectiveness, and contingency is a significant predictor of board roles and effectiveness. Study limitations: The study is limited by factors like the study being cross – sectional in nature and considered only public universities in Uganda. Future studies should consider being longitudinal and extend to private universities in Uganda. Practical implications: To financial performance in private universities in Uganda, universities need to formulate better policies and make credible decisions, make up manageable council and senate committees that understand their roles, manage contingency and improve on board effectiveness. Originality: This study contributes to literature in the areas of corporate governance and financial performance.

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