Browsing by Author "Ndawula Yusuf Katerega and Samsom Rugambwa"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Board characteristics ownership concentration and performance of insurance companies
    (Insurance Training College, 2026-06-08) Ndawula Yusuf Katerega and Samsom Rugambwa
    The study investigates how board characteristics and ownership concentration shape the performance of insurance companies in Uganda, an emerging market where corporate governance practices operate within distinctive institutional constraints. Anchored in Agency and Institutional Theory, the research adopts a sequential explanatory mixed-methods design, integrating quantitative analysis of insurance firms with qualitative insights from board members. The results demonstrate that board characteristics particularly independence, diversity, size, and the effectiveness implied by meeting dynamics play a decisive and positive role in driving firm performance. This highlights the board not merely as a compliance requirement but as a strategic resource that materially contributes to organizational outcomes. In contrast, ownership concentration shows no meaningful direct influence on performance, nor does it alter the strength of the relationship between board governance and firm outcomes. This suggests that strong board structures retain their effectiveness regardless of how ownership is distributed. Overall, the study emphasizes the primacy of board quality in enhancing performance within Uganda’s insurance sector and questions the universal relevance of governance models that emphasize ownership monitoring. The findings provide important implications for regulators seeking to refine governance frameworks and for insurance companies aiming to strengthen strategic oversight through more effective and thoughtfully constituted boards.