Abstract
The study examined the relationship between five governance principles - transparency, accountability, equity, and employee participation and financial strategy implementation in Somalia using a sample of 297 financial institutions. Corporate governance principles were moderately practiced (median of 3 and 4 on a 5-point Likert scale) and were significantly related to the implementation of financial management strategy (accountability: r =.734, p<.05; equity: r =.534, p<.05; employee participation: r =.643, p<.05; transparency (r =.629, p<.05). Somalia's federal government should strengthen corporate governance to improve financial strategy implementation.
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