Corporate governance and financial performance of public universities in Uganda.

The study examined the relationship between Corporate Governance and Fnancial Performance in four Public Universities in Uganda. The study was prompted by Institutional turbulences as a result of adhoc policy and decision making processes and poor financial performance of Public Universities.A cross sectional and correlational study was conducted in four public Universities in Uganda. Statistical Package for Social Scientists (SPSS) was used so as to work out Correlation Coefficient and Multiple Regression Analysis. These determine the magnitude of the relationship and prediction of financial performance respectively. The findings revealed that corporate governance variables namely; board size, had a negative effect on financial performance while policy and decision making had a significant positive relationship with financial performance. Corporate Governance had a significant positive relationship with board roles, board roles had a significant positive relationship with board effectiveness, and contingency had a significant positive relationship with board roles and effectiveness. There is need for Public Universities to formulate policies and make decisions that can stand test of time. Constitute manageable Council and Senate committees, understand theirroles, manage contingency and improve on board effectiveness to realize improved financial performance.