Governance Structures in State-Owned Enterprises within Zambian Contexts: An Exploration

State-Owned Enterprises (SOEs) play a crucial role in Zambia's economy, particularly within the public sector. However, their governance structures have not been extensively studied, especially from a qualitative perspective. The research employs a qualitative approach, utilising semi-structured interviews with a purposive sample of stakeholders including managers, board members, and regulatory bodies. Data collection was conducted through online and in-person meetings over a period of six months. A key finding is that SOE governance structures often incorporate elements of both market-based and bureaucratic practices, which can lead to inefficiencies and misalignments with broader economic goals. This study contributes valuable insights into the complex dynamics of SOE governance in Zambia by providing a nuanced understanding of how these institutions function within their specific socio-economic environment. Based on the findings, there is a need for tailored policy recommendations aimed at improving efficiency and alignment with national economic objectives. Future research should explore potential reforms to enhance accountability and transparency.