This study examines the relationship between Board of director attributes and financial performance of listed firms in Uganda. Board attributes of board size, Non-executive directors (board independence) and directors' shareholding are examined while controlling for firm size and leverage. The study uses a cross sectional research design, employing panel data of listed firms in Uganda for a period of four years. Financial and board attributes information is collected from annual reports of each firm. The study finds that non executive director's independence on board and large boards increase firm performance. We do not provide evidence to suggest that director's shareholding affects firm performance differently. Thus this study is consistent with evidence that shows the importance of board of directors' attributes on firm´s financial performance.
The objective of the study is to examine the extent to which internal financial controls affect working capital management in Public Universities in Uganda. Working capital is vital for running of institutions because it provides the financial liquidity needed to effectively manage day-today operations. A cross-sectional research design was adopted using a quantitative approach. Data was collected from staff of Finance and Internal Audit Directorates, and heads of Departments, Schools and Colleges of Makerere University using a self- administered closed ended questionnaire. Empirical data was analyzed using descriptive statistics, Pearson’s correlation and regression tests. Findings indicate that the elements of internal financial controls which include; the control environment, risk assessment process and budget control have a positive and significant effect. The effect of control activities is not statistically significant. Therefore, Public Universities should strengthen financial control policies and procedures, risk assessment processes and budgetary control mechanisms to effectively manage working capital.
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