Microfinance organizations provide financial services to low income individuals. In this paper I argue that good governance is a precondition for the long run survival of such organizations. The paper discusses importance and roles of stakeholders who sit on boards of microfinance organizations....

The research on the relationship between executive compensation and firm performance is extensive but has produced inconsistent results and, typically, weak explanatory power. One of cause of these results is use of an incomplete theoretical framework that ignores some variables that are related...

This paper empirically relates subordinate board structures with improved financial and social performance in microfinance institutions (MFIs). The research question is analyzed using a panel data from 23 microfinance institutions in Ethiopia over a period of 2006— 2011. Random effects panel...