Seventh-day Adventist church corporate governance and educational institutions’ financial stability in Tanzania
Dickson Matiko Kisyeri
College of Business and Economics, University of Dodoma, Tanzania.
Alex Reuben Kira
Department of Accounting and Finance. College of Business and Economics, University of Dodoma, Tanzania.
Keywords: Corporate governance, Transparency, Financial stability, Financial crisis, Confidentiality, Nepotism.
Corporate governance is a global issue that has caught the interest of many researchers and business owners. However, there is scanty literature that is done on the influence of corporate management on educational institutions’ financial stability and in particular the Adventist Church in Tanzania. The secondary schools owned by the Seventh-day Adventist (SDA) church in Tanzania have faced a financial crisis and this study investigated the church’s corporate governance and the financial stability of these educational institutions in Tanzania. The study adopted qualitative research design, used purposive sampling technic to collect information form the fifteen institutions, used the questionnaire to collect data from the respondents. The study used frequency statistics for the analysis with the help of SPSS version 26. The findings show that poor administration, inefficient and unprofessional boards, nepotism, bad treatment of employees, not addressing audit reports, poor customer care, poor infrastructure, and improvement of the government secondary schools have contributed to the financial crisis of these institutions and the church is advised to adhere to good corporate governance to bring remedy to the situation.