Practices and Challenges of Corporate Governance at Ethiopian Electric Utility
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Date
2023-06
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Addis Ababa University
Abstract
The purpose of this study was to assess the Practices and Challenges of Corporate Governance at Ethiopian Electric Utility. The study adopted a descriptive type of research design. The research was done based on primary and secondary data where the primary data was collected through questionnaires and the secondary data is obtained from previous study, books, articles, journals, company records and proclamations. A total of 98 questionnaires were distributed to directorates, middle level managers and employee representatives at the corporate level of the utility. The study used SPSS version 26 software to analyze collected data. Findings from the respondents were summarized as practice of the Corporate Governance and challenges in application of corporate governance in the utility. According to the respondents, most of the corporate governance principles are practiced in the utility. However unclear strategy, insufficient focus on basic and fundamental issues, existence of political interference in the operation of the utility and lack of alignment between management and board are the most challenging factors in practicing corporate governance principles in the utility