Browsing by Author "Shalom Shamim Nakigudde"

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    Corporate Governance and Financial Reporting of Organizations in Kampala-Uganda
    (Uganda Christian University, 2026-03-24) Shalom Shamim Nakigudde
    The goal of this research was to see how well Kampala, Uganda's businesses reported their finances based on their corporate governance policies. More particularly, it looked at how transparency and disclosure policies, internal controls, and board composition help to improve the truth, reliability, and credibility of financial statements. Using both quantitative and qualitative approaches, a cross-sectional poll of 52 participants from several businesses was carried out. Descriptive statistics, correlation analysis, and regression analysis were applied to assess the links between financial reporting quality and governance systems. The results showed that the way a board is made up, especially if it has independent directors with different kinds of expertise, had a good effect on the quality of financial reporting (r = 0.753, p < 0.01; β = 0.225, p = 0.000). The strongest predictor was internal controls, which significantly enhanced accuracy, compliance, and control (r = 0.844, p < 0.01; β = 0.396, p = 0.000). In this regard, openness, which reduces asymmetry and promotes trust among stakeholders, was also found to be a positive predictor, along with openness’s methods of disclosure (r = 0.776, p < 0.01, β = 0.243, p = 0.000). Collectively, corporate governance systems explain 63.3% of the variance in financial reporting quality (Adjusted R² = 0.633). What it takes to deliver great quality financial reporting is, according to this research, good corporate governance through diverse and independent boards, internal controls, and disclosure practices. Suggestions are made to strengthen board independence, fund automated financial management systems, strengthen internal audits, and develop integrated reporting practices. The research also identifies avenues for future research, which include culture, digital revolution, and external audits. This research has made an impact on theory and practice in terms of showing that it is not only the design of the governance mechanisms but also their implementation that is significant in ensuring transparent, accurate, and reliable financial reporting in Ugandan organizations