Challenges and Prescriptions to Corporate Governance Issues Facing State-Owned Enterprises (SOEs): A Zimbabwean Perspective


  • Admire Mthombeni Department of Applied Business Sciences, Manicaland State University of Applied Sciences, Zimbabwe
  • Sifile Obert Department of Accounting and Finance, Chinhoyi University of Technology, Zimbabwe
  • Nyamudzodza Juet Department of Business Management and Entrepreneurship, Chinhoyi University of Technology, Zimbabwe
  • Mutanda Bronson Department of Applied Business Sciences, Manicaland State University of Applied Sciences, Zimbabwe
  • Mishi Sydney Department of Economics, Nelson Mandela University, South Africa



Board Performance, Chief Executive Officer, Corporate Governance, Corporate Governance Challenges, State-Owned Enterprises


The main objective of the study was to determine the corporate governance challenges facing State-Owned Enterprises in Zimbabwe. In so doing the study sought to proffer solutions and prescriptions to the challenges. In this view, the study adopted a quantitative research approach in which the positivist philosophy was applied. A cross-sectional survey design was used in which data was gathered using a structured questionnaire. The target population consisted of top and middle management, board members, board chairpersons, and CEOs of SOEs found in  Zimbabwe. Using the sampling procedure developed by Krejcie and Morgan (1970), a sample size of 351 individuals was determined. The research employed stratified random sampling for sampling respondents.  SPSS version  23 was used to analyze quantitative data. The research established that Corporate governance challenges faced by SOEs in Zimbabwe include the bureaucratic nature of SOEs which causes inflexibility, political history of SOEs, poorly composed boards, inefficient and lack of transparency in the appointment of boards, limited board independence, and unstable economic conditions. The research recommends that authorities in the Office of the President and Cabinet from the Corporate Governance Unit or  State Enterprises Restructuring Agency should organize more corporate governance training for Boards and other custodians of corporate governance in State Owned Enterprises.



Author Biographies

Sifile Obert, Department of Accounting and Finance, Chinhoyi University of Technology, Zimbabwe



Nyamudzodza Juet, Department of Business Management and Entrepreneurship, Chinhoyi University of Technology, Zimbabwe



Mutanda Bronson, Department of Applied Business Sciences, Manicaland State University of Applied Sciences, Zimbabwe




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How to Cite

Mthombeni, A., Obert, S., Juet, N., Bronson, M., & Sydney, M. . (2023). Challenges and Prescriptions to Corporate Governance Issues Facing State-Owned Enterprises (SOEs): A Zimbabwean Perspective. Indonesian Journal of Innovation and Applied Sciences (IJIAS), 3(3), 252-263.