A study on corporate governance among commercial banks in uganda from the case of dfcu bank ltd

In recent years, the world has faced significant failures of many giant firms and with major scandals pointing to inadequate corporate governance (Ali, 2016). The Banking sector was also a victim of such shortcomings. In the current time, the financial crisis in the banking sector is a common issue around the world (Ataur & Jahurul 2018). However, investigation of the root cause of these failures has revealed that among other factors, these scandals are primarily attributed to inadequate corporate governance practices as Ataur and Jahurul (2018) affirm. Accordingly, issues relating to Corporate governance have received heightened attention in empirical studies and scholarly works. This paper examined the impact of corporate governance (CG) of commercial banks in Uganda from the case of DFCU Bank LTD. The main objectives were: 1.To establish the effect of corporate transparency on the performance of DFCU bank LTD. 2. To examine the effect of commitment to corporate governance on the performance of DFCU bank LTD. Since the study was dealing with perceptions, data collection was done using a closed-ended questionnaire for the aspects of corporate governance considered in this study and items relating to bank performance. From the regression and correlation, analysis, there is a positive relationship between transparency in financial management and Overall performance of DFCU.This implies that employees whose perceptions of Transparency in financial management were positive were also likely to report higher levels of bank performance. There is also a positive relationship between Commitment to Corporate Governance and Overall performance of DFCU. This implies that bank performance is high where Corporate Governance are discussed in the Annual report, CG policy or manual is readily available to the staff, core values of the bank are communicated in writing to employees and so on.