Contribution of stakeholders ’ownership on leadership performance of listed companies in Kenya

Leadership is a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task. Corporate governance has dominated leadership policy agenda in developed market economies for more than a decade and African continent is gradually adopting it on their policy agenda on leadership and governance of their organisations. The Nairobi Securities Exchange (formerly Nairobi Stock Exchange) (NSE) is the principal stock exchange of Kenya. The specific objective of the study was to establish the role of Stakeholders ’Ownership on leadership performance of listed companies in Kenya. The target population consisted of the 62 listed companies that had been listed at the NSE in 2015. The study used primary data which was collected using questionnaires. Data was analysed and presented using the Statistical Package for Social Sciences (SPSS). Descriptive and inferential statistics were used to present the results of this study. The study found that the success of listed companies involves a lot of stakeholders; employees, customers, community etc and everyone should be made to feel part of the company. Each group play a vital role in marketing, resource mobilisation and ensuring the company sails to its success. Therefore there is need to develop shareholders ’willingness and ability to monitor the management, create stakeholders independence in their management guidelines, establishment an environment which will enable stakeholders and investors feel part of the company. The shareholders should provide an environment for the board of directors and management to have a strong value of ownership of the company; with job security and competitive terms of employment for Stakeholders ’Ownership to be realised.