Corporate Boards Demographic Characteristics and Strategic Change in Kenya

Professional Qualification  Passed CPA Examination in December, 2003  Passed CPS Examination in December, 2005  Currently pursuing ACCA Examinations ongoing and due to complete in Ju

Daniel Kipkirong Tarus (PhD)

Department of Accounting & Finance,

Moi University, P.o Box 3900, Eldoret

Cell-phone: 0721437531; 0738040408 Email: kdtarus@yahoo.com; kdtarus@gmail.com

Academic Qualification

 PhD in Business Management, Moi University in collaboration with Oklahoma State University, 2011

Specialization: Finance

Thesis title: “Corporate Boards Demographic Characteristics and Strategic Change in Kenya”

 MBA in Finance, Allahabad University, 1999

 Master of Philosophy in Entrepreneurship, Moi University (ongoing)

 Bachelor of Commerce in Accounting, Allahabad University, 1997

Professional Qualification

 Passed CPA Examination in December, 2003

 Passed CPS Examination in December, 2005

 Currently pursuing ACCA Examinations ongoing and due to complete in June, 2012

Work Experience

2009 to Date Senior Lecturer, Department of Accounting and Finance, School of Business and

Economics, Moi University

2006 to 2009 Lecturer, Department of Accounting and Finance, School of Business and

Economics, Moi University

2002-2006 Tutorial Fellow, Department of Accounting and Finance, School of Business and

Economics, Moi University 2000-2002 Part- Time Lecturer, Department of Accounting and Finance, School of Business

and Economics, Moi University

2010- To date Part-time Lecturer, Jomo Kenyatta University of Agriculture & Technology-JKUAT

2000-2005 Lecturer, Kenya Institute of Management (KIM), Eldoret Branch

Teaching Experience

Undergraduate Programme

BBM 201: Financial Accounting

BBM 301: Advanced Financial Accounting 1

BBM 311: Banking Theory and Practice

BBM 400: Taxation Theory and Practice

BBM 401: Financial Management,

BBM 403: Advanced Financial Accounting 11

BBM 470: Financial Management for SMEs

BBM 473: Business Counseling and Consultancy

FLB 305: Banking Law

Masters Programme

MBA 800: Financial Accounting MBM 801: Financial Management MBA 815: Corporate Finance MBA 815: Finance Seminar MBA 881: Entrepreneurship Concepts and Strategies MBA 886: Micro Enterprise Financing

PhD Programme (Moi University)

 DBM 910 Corporate Leadership

 DBM 920 Theory of Finance

 DBM 921 Investment Analysis and Models

 DBM 916 Research Proposal

PhD Programme (Jomo Kenyatta University)

 BDAF 4110 Theory of Finance

 BDAF 4111 Financial Markets and Intermediaries

Student Masters Thesis Supervision

1 Factors Influencing Corporate Social Responsibility Disclosures by Kenyan Firms

(By Benjamin Musina Oduori, 2011)

2 Factors affecting Deposit Taking SACCOs in North Rift Region (By Nicholas Chepkiyeng, 2011)

3 The Impact of Retirement Benefits Act (RBA) on Investment Returns of Pension Schemes

in Kenya (By Lucy Jepchoge Rono, 2010)

4 The Impact of Microfinance Institutions on Poverty Reduction in Selected Households in

Nairobi, Kenya (By Amos Mwangi, 2009)

5 Determinants of the Choice of Credit Source among Members of Savings and Credit

Co-operative Societies in Kitale Town (By Stephen Silvester Odote, 2007)

6 Impediments to Efficient Utilization of Constituency Development Fund: A Case Study of

Tinderet Constituency, Nandi South District, Kenya (By Lydia Muriuki, 2006)

7 An Analysis of the Factors Influencing Access to Agricultural Finance Corporation’s Loans

by Small holder Horticultural Farmers in Uasin Gishu District (By Hellen Chemeli Mutai, 2005)

8 A Survey of Front Office Savings Activities (FOSA) on Financial Intermediation: A Case

Study of the Co-operative Movement in Kisumu District, Kenya (By Joseph Omulio Okal, 2004)

9 Determinants of Loan-Performance in Commercial Banks in Eldoret, Kenya (By Archengelo M Mbabu, 2004)

10 The Impact of HIV/AIDS on Healthcare Financing in Kenya; A Case Study of Uasin Gishu

Memorial Hospital, Eldoret (By Some Faraj, 2004)

11 The Effect of Marketing Information Seeking Behavior on Performance of Small Scale

Enterprises: A Survey of Selected Firms in Kitale Municipality (By Robert I Otuya, 2003)

University Responsibilities:

Undergraduate Programme Coordinator January 2010- Date

In charge of coordinating undergraduate programme in the School of Business and Economics (Bachelor of Business Management) with a student population of 5,000 spread across several campuses and satellite colleges Some of my responsibilities include:

 Chairing the admission committee charged with admitting students in the School

 Providing teaching resources and supervising the preparation of teaching time-table

 Allocation of teaching resources such as facilitators, and Labs

 Compiling and processing exams and results

 Budgeting and processing payments for the School of Business and Economics

Post-graduate Programme Coordinator July 2007- January 2010

I was in charge of coordinating two Masters programmes: Masters of Business Administration (MBA, Eldoret), and Masters of Business Management (MBM) I was charged with the following responsibilities:

 Facilitating teaching resources such as assigning teaching load to lecturers and ensuring effective teaching

 Preparing budgets and processing payments

 Organizing for guest lecturers and Workshops and seminars

 Processing students exams and results

 Allocating students to supervisors and making follow ups for student progress and reporting the same to School graduate board

Assistant Post-graduate programme Coordinator November 2002- July 2007

I was in charge of assisting the coordinator in managing post graduate programmes

Member, Post-graduate Committee July, 2007- to date

 Short-listing of post-graduate applicants

 Approving post-graduate results

 Approving post-graduate supervisors and examiners

 Examining thesis and oral presentation for post-graduate students

Member, Editorial Board: African Journal of Business and Economics July, 2006 – December,

2010

As a member of this board, my work was to review articles for publication in the journal During

my tenure I reviewed more than 15 papers

Other Responsibilities

1 March 5 to 23rd March 2012, Acting Dean, School of Business and Economics, Moi University

2 January 9th to 20th January 2012, Acting Dean, School of Business and Economics, Moi University

3 November 1st to 8th November 2011, Acting Dean, School of Business and Economics, Moi University

4 October 4th to 12th October 2011, Acting Dean, School of Business and Economics, Moi University

5 April 21st to 28th April 2011, Acting Dean, School of Business and Economics, Moi University

Member of School of Business & Economics Curriculum Development: July 2007- to Date

As a member of this committee, I have participated in the review of the undergraduate and post graduate curriculum to meet the demands of the market

Member of School of Business & Economics Management Committee

This is the management organ of the School charged with the responsibility of reviewing School progress reports, approving examinations, approving budgets, short-listing senior staff for recruitment, and making decisions on behalf of the School

Member of School of Business & Economics Linkages and collaboration Committee

Through this committee, the School has secured critical collaboration with other universities as follows:

 Moi University and Oklahoma State University collaboration

This collaboration commenced in 2007 and focuses mainly on PhD staff development and research, wherein, Professors from Oklahoma State University visit to teach some courses to PhD students and students travel to Oklahoma State University to develop their research proposals This has seen Moi University graduate PhD in technical areas and to date 6 PhD’s have successfully graduated and more than 10 staff members are underway Similarly, research projects are on going

 Moi University and Koffi Annan Business school, Utrech, The Netherlands

This collaboration started in 2008 and is meant for undergraduate students Students from Kenya travel to Koffi Annan Business School for two semesters to study courses in entrepreneurship, and students from Koffi Annan come to Moi University for two semesters Similarly, there is exchange of lectures from Koffi Annan teching at Moi University and Moi University lecturers teaching at Koffi Anna Business School This has enhanced the quality of our programmes by incorporating cross country studies at undergraduate level

Director, Moi University Co-operative Society (MUSCO) March 2011- to Date

 Secretary to the Audit Committee

 A member to the Education Committee

High School Management Boards

 Chairman, Kilibwoni High School from 2006 to date and has seen the school record remarkable improvement in performance and enrollment

 Board member, Terige Secondary School from 2005 to date and serving as a member of Executive Board and chairman, Finance and Planning

Publications

Journals

1 Cheruiyot, Tk K., and Tarus, D K (2012) Paradox of Community Reactions to Corporate

Social Responsibility and Irresponsibility in Kenyan Hotels, International Journal of Research in Commerce, Economics and Management (Accepted)

2 Tarus, D K (2012), Board Demographic Characteristics and Strategic Change: The

Moderating Role of Firm Performance, Corporate Governance (In Review)

3 Kemboi, J K and Tarus, D K (2012), Macroeconomic Determinants of Securities Market

Development in Emerging Markets: Evidence from Kenya, International Journal of Accounting and Finance, (Accepted)

4 Tarus, D K., Yonas, B., and Mutwol, M (2012) Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study Business Review.(Accepted)

5 Tarus, D K., Rabach, N., and Bonuke, R N (2012) Antecedents of Customer Loyalty in

the Mobile Telecommunication Sector in Kenya International Journal of Research in Commerce, Economics and Management.(Accepted)

6 Oduori, B M., and Tarus, D K (2012) Factors Influencing Corporate Social Responsibility

Disclosures by Kenyan Firms, Corporate Social Responsibility and Environmental Management.(In Review)

7 Nganga, S I., Kitainge, K M., and Tarus, D K (2010) Competency, Experience, and

Industrial Exposure of Faculty Members in Public Universities and Collaborating Colleges

in Kenya A Journal of KIM School of Management, Vol 1, 133-146

8 Koros, L C., Boit, J M., Tarus, D K., and Chepkwony, P K (2009) An Assessment of

Factors Affecting Access to Management Positions: A Survey of Litein and Tenwek

Hospitals, Western Kenya Journal of Agriculture, Pure and Applied science and Technology, Vol 4, 38-43 ISSN 2073-8749

9 Mutai, H., Cheruiyot, T, K., and Tarus, D K (2007) An Analysis of the Factors Influencing

Access to Agricultural Finance by Smallholder Horticultural Farmers in Uasin Gishu

District, Kenya African Journal of Business and Economics, Vol 2, No 1 170-186 ISSN

1990-9217

10 Tarus, D K., Nganga, S I., and Omboto, P I (2007) Liberalization and Technology

Transfer Dilemma in Kenya’s Industrial Development: The Case of Small and Micro

Enterprise Sector African Journal of Business and Economics, Vol 2, No.1 158-169 ISSN

1990-9217

11 Tarus, D K., Tarno, E M., and Lagat, C K (2006) The Role of Micro-Finance Institutions

in the Growth and Development of SMEs in Kenya African Journal of Business and Economics, Vo 1, No 1 18 – 26 ISSN 1990-9217

12 Bitok, J K., Tarus, D.K., and Tenai, J K (2006) The Impact of Dividend Policy on the

Shareholders Wealth, African Journal of Business and Economics, Vol 1, 122 – 136 ISSN

1990-9217

13 Tarus, D K., Ekai, R.T and Bitok, J K (2006) A Critical Analysis of Factors Affecting the

Development of Emerging Stock Markets; A Case Study of Nairobi Stock Exchange,

Kenya African Journal of Business and Economics, Vol 1, No 2 1 – 13 ISSN 1990-9217

14 Lagat, C.K and Tarus, D.K “The Marketing Orientations Small Scale Firms in Kenya, A

Case of the Small Firms in Western Kenya” The 5th Association of Third World Studies (ATWS) Conference, 12 – 14th September 2004, UEA – Baraton, Kenya ATWS Journal

Publications in International Conference Proceedings

1 Tarus, D K., Chekol, Y B., and Mutwol, M (2012), “Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study.” 2nd Annual International Conference in Accounting and Finance (AF), Global Science and Technology Forum, pp 143-148 Singapore ISSN: 2251-1997

2 Bitok, J K., Tenai, J.K., and Tarus, D.K (2009), “Factors Influencing the Growth and

Development of Capital Markets in a Developing Economy: A Case Study of Nairobi Stock Exchange in Kenya.” The Academy of Business and Public Policy, pp 21-33 Illinois USA ISSN:

1948-2272

Books

1 Total Quality Management; Theory, Concepts and Practice, Macmillan Publishers,

2009 ISBN 978 9966 34 344 4 284 Pages The text book is of benefit to practicing

managers and students at both undergraduate, post graduate and professional examinations

2 Research Perspectives in Business, GABA Publications, 2012 (Inprint)

Book Review

Review of “CHINDIA: How China and India are Revolutionizing Global Business”, Edited by Pete

Engardio, McGraw-Hill, 2007; in African Journal of Business and Economics, Vol 3 No 1 pp

176-179 (Book Review) ISSN 1990-9217

International Conferences Presentations and Workshops

1 Tarus, D K., Chekol, Y B., and Mutwol, M Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study 2nd Annual International Conference in Accounting and Finance (AF) held on 21st -22nd May 2012 in Singapore

2 Oduori, B M and Tarus, D K Factors Influencing Corporate Social Responsibility

Disclosures by Kenyan Firms The 7th Annual International Conference Moi University 7th

September– 9th September 2011, Eldoret, Kenya

3 Bitock, J K., Tenai, J K., and Tarus, D K “Factors Influencing the Growth and Development

of Capital Market in a Developing Economy; A Case Study of Nairobi Stock exchange in Kenya” The International Conference on Business and Public Policy; Northern held on 28th

-2nd October, 2009 at Illinois University, Rockford, USA

4 Nganga, S I., Kitainge, K M., and Tarus, D K “Competence, Experience and Industrial

Exposure of Faculty Members in Public Universities and Collaborating Colleges in Kenya”

The 1st KIM International Conference on Management held on 3rd- 5th June, 2009 at Kenya International Conference Centre (KICC), Nairobi, Kenya

5 Tarus, D K., Ondiek, A., and Egessa, R “Corporate Governance and Controls in

Organizations” The 5th Annual International Conference, Moi University, 4th- 8th August,

2009

6 Kitainge, K M., Tarus, D K., Nganga, S I., and Kemboi, A “Learning Company for

Sustainable Competitiveness” The 5th Annual International Conference, Moi University, 4th-

8th August, 2009

7 Rono, L J., Tarus, D K., Bitok, J K., and Simiyu, A K “The Impact of Retirement Benefits Act

(RBA) on Investment Returns of Pension Schemes in Kenya” The 5th Annual International Conference, Moi University, 4th- 8th August, 2009

8 Nganga, S I., Tarus, D K., and Lagat, C.K “Small and Medium size Manufacturing

Enterprises: Work Ethics and Social Responsibility, The Case of Jua Kali Enterprises in Eldoret Municipality.” The 7th Annual Conference of BEN-Africa held on 1st-3rd August 2007

at Gion Hotel, Addis Ababa, Ethiopia

9 Nganga, S.I., Tarus, D K., and Omboto, P.I “Liberalization and Technology Dilemma in

African Sustainable Industrial Development: The Case of Jua Kali Sector in Kenya.” The 7th

Association of Third World Studies Conference 16th-18th May 2007 held at Catholic University, Kenya

10 Nganga, S I., Kitainge, K M., Tarus, D K., Kiarie, J M and Omboto, P.I “Small

Manufacturing Enterprises Role in Sustainable Industrial Development: Challenges and Prospects” The 12th Annual International management Conference, Makerere University Business School, 21st-24th November 2006, Kampala, Uganda

11 Tarus, D K., Nganga, S I., Kitenge, K M and Basweti, D “Paucity of Medium Size

Manufacturing Enterprises in Kenya; Challenges and Development Strategies in Industrial Development” The 2nd Annual International Conference Moi University 29th – 2nd September 2006

12 Tarus, D K Lagat, C K, Bitok, J K., and Tenai, J K., “Small Firms Social Responsibility; a

Case of Western Kenya” The 2nd Annual International Conference Moi University 29th – 2nd September 2006, Eldoret, Kenya

13 Some, F., Kosgei, D K., Tarus, D K “The Impact of HIV/AIDS on Healthcare Financing in

Kenya; A Case Study of Uasin Gishu Memorial Hospital, Eldoret” The 2nd Annual International Conference Moi University 29th August– 2nd September 2006, Eldoret, Kenya

14 Bitok, J K., and Tarus, D K, “The Level and Form of Corporate Dividend Payout ration to

Stockholders; Theory and Evidence” The 2nd Annual International Conference Moi University 29th August – 2nd September 2006, Eldoret, Kenya

15 Hellen, M., Cheruiyot, T K., and Tarus, D K., “An Analysis of the Factors Influencing Access

to Horticultural Finance by Small Holder Horticultural Farmers in Uasin Gishu District, Kenya” The 2nd Annual International Conference Moi University 29th – 2nd September

2006, Eldoret, Kenya