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ol. His general statement about management is as follows: ' To manage is to forecast and plan, to organize, to command, to coordinate and to control. Management is a social process. The process consists of planning, control, coordination and motivation. Managing is an operational process initially best dissected by analysing the managerial functions. The five essential managerial functions are: Planning, Organizing, Staffing, Directing and controlling (Koontz and O'Donnell 1984)

Five areas of management constitutes the essence of proactive performance in our chaotic world; an obsession with responsiveness to customers, constant innovation to all areas of the firm, partnership - the whole participation of and gain sharing with all people connected with the organization, leadership that loves change (instead of fighting it), and in stills and shares an inspiring vision and control by means of simple support systems aimed at measuring the 'right staff' for today's environment.

Basically, the above definitions are saying that 'management' is a process that enables organizations to set and achieve their objectives by planning, organizing, staffing, directing and controlling their resources, including gaining the commitment of their employees (motivation).

According to Mwaura (2005), actions of top management affect performance. He also recommended that members, when electing office bearers, including delegates, should ensure that they elect trustworthy persons. Success and hence performance depends on the calibre of the officials that they elect.

Corporate governance seeks to find appropriate mechanisms for governing relationships for constituent groups with the company so as to generate a long term value. It also seeks to reduce conflict of interests among the stakeholders by making sure that right people make the decisions. Corporate governance is to create and implement internal organisation of the company and define more closely and represent more pressing interests to which the management should respond and goals towards which they should strive. Therefore it implies that corporate power is exercised in the best interest of the society.

The focus of corporate governance is on the systems by which companies are directed and controlled. Corporate governance is the process by which organisations are directed, controlled and held accountable. Corporate governance is at the heart of corporate success and it can have a significant influence on the country's development.

Effective corporate governance will ensure long-term strategic objectives and plans are established and that proper management structure is in place to achieve those objectives while at the same time making sure that the structure functions to maintain the company's integrity, reputation and accountability to its relevant constituencies. The right systems of checks and balances should be on the basis of merit or any corporate governance system.

Shareholders ought to appoint directors and auditors and satisfy themselves that the appropriate governance structure is in place. The shareholders will also ensure that only reliable persons with competence are elected or appointed as d本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。