| dc.description.abstract | Between 2010-2015, a number of Civil Society Organizations (CSOs) in Kabarole including
FORUD, RANNET, KIWED among others closed shop leaving many former employees and
beneficiary communities stranded. Similarly, a number of CSOs have reduced operations and
limited to less than five employees. The common problem is often limited finances for
operation and meeting costs. The financial sustainability of the CSOs is a real challenge that
calls for investigation hence the main factor that prompted this study. Is it related to corporate
governance functions for non-profit establishments like CSOs? This study examined the
relationship between corporate governance functions of boards, senior management and audit
committees and the financial sustainability of CSOs in Kabarole district of Uganda. The study
adopted a correlational research design was use. In this study, three selected CSOs namely
Kaana Foundation, KRC and SATNET examined where 61 respondents returned the survey
questionnaires representing a response rate of 69.3 percent. The data was analysed using
regression analysis and correlation. Results indicated that there is a positive significant
relationship between corporate governance functions of the board, functions of the senior
management committees and audit committees and financial sustainability in CSOs in
Kabarole District indicated as r=.701** and p=0.000; r=.701** and p=0.000 and r=.337* and
p=0.000 respectively. Findings revealed that boards in CSOs in Kabarole District play a
general rather than strategic function. It is thus recommended that corporate entities of CSOs
for example boards should be selected based on expertise and skill so as to play a fundamental
governance and strategic role for the financial sustainability of CSOs. Operating at the helm of
corporate governance of CSOs, the boards should review and guide corporate strategy,
objective setting, risk management and resourcing of the organizations in addition to general
functions like reviewing annual plans, budgets and reports. Organizations should clarify on the
strategic roles and responsibilities of senior management committees. | en_US |
