Analysis of Corporate Governance on the Business Operations of the Grain Marketing Board and the Zimbabwe National Water Authority

Purpose: The study sought to analyse how corporate governance was affecting the business operations of Grain Marketing Board (GMB) and the Zimbabwe National Water Authority (ZINWA). These two parastatals have had challenges of corporate governance which has been always an issue for most parastatals largely covered by media reports and research studies. Design/Methodology/Approach: The study adopted mixed methods paradigm together with explanatory sequential design. The target population was 97 managers from both state enterprises and parent ministry. Forty-six respondents provided quantitative data from a structured questionnaire. Interviews generated qualitative. Findings: The major findings were that these two parastatals were faced with several corporate governance challenges which were affecting their business operations. These included issues of corruption, lack of operational autonomy and poor accountability systems Implications/Originality/Value: The implications are that both parastatals should curb the corruption scourge and should be granted some degree of autonomy.