Practices Of Corporate Governance And Its Impact On Perceived Performance In Nepalese Life Insurance Companies

The goal of this research is to explore the ‘Practice of Corporate Governance and Its Impact on Perceived Performance in Nepalese Life Insurance Companies’. The study used a descriptive and causal comparative research design. The main variables of corporate governance identified include commitment to corporate governance, transparency and disclosure, alongside the structure and functioning of the board. In contrast, the perceived performance of the companies, measured through enhanced productivity and profitability, serves as the control variable. The analysis covers all 14 life insurance companies currently functioning in Nepal. To achieve the study's objectives, a judgmental sampling approach from the non-probability sampling method was adopted, while purposive sampling was applied to identify respondents for the questionnaires. Out of the 14 companies, five were selected as samples. The participants included specific employees from these companies, with a total of 106 respondents completing the questionnaire. The data were analyzed using a multiple linear regression model. The findings revealed that Nepalese life insurance companies exhibit strong adherence to corporate governance and their performance is also excellent; however, the connection between commitment to corporate governance, structure and functioning of the board, transparency and disclosure, and perceived performance appears to be quite weak. The research concluded that effective corporate governance have only a slight positive association with performance.