Assessing the Self-governance and Value Creation in Non-profit Organisations

The purpose of this study is to examine the relationships between self-governance through board members and firm performance. Results of this study revealed significant relationships only between some board characteristics and some measures of financial performance. Overall, the findings indicate that board members are not promoting good governance in their organizations. This indicates the need of a specific governance framework to guide board members of nonprofit organisations (NPOs) to engage in good self-governance for the benefits of the NPOs and their relevant stakeholders.