Kiarie, John N.2024-10-072024-10-072010-05Kiarie, John N., (2010). Strategic Leadership and Its Role in Corporate Governance Practices in Mitigating Risks in Stock Brokerage Firms in Nairobi. Daystar University, School of Business and Economicshttps://repository.daystar.ac.ke/handle/123456789/5323MASTER OF BUSINESS ADMINISTRATION in Finance and Strategic managementCorporate governance is a matter of enormous public attention and concern. The success or failure of any organization rests on its leadership. In regard to stock brokerage firms, changes in the institutional framework and policies mark the growing process of stock markets as efforts are being geared to promote their development. As stock markets evolved from informal to more structured institutions, globalization, deregulation and technological advancement have transformed and are reshaping them. The rate at which a number of Stock brokerage firms participating in the Nairobi Stock Exchange have collapsed is alarming. Over the past two years, Kenyans watched desperately as various brokerage companies, through which they invested their hard earned money collapse. The purpose of this study was to investigate the extent to which strategic leadership was incorporated in corporate governance practices in mitigating risk in brokerage firms participating in Nairobi Stock Exchange to maximize investors’ wealth. The research design used in this study was descriptive design. The sample size of 64 managers was selected randomly in each organization and came from finance and operation departments. Primary data was collected by use of questionnaires and analyzed using mean standard deviation and coefficient of variation. The major findings were that all the brokerage firms have boards of directors, most board of directors had 4 to 5 members, the board members of brokerage firms do not have adequate skills, knowledge or experience in strategic management, stock brokerage, finance, and risk management and that most brokerage firms also do not have department for monitoring, mitigating and controlling risks. The conclusion is that strategic leadership has not fully incorporated good corporate governance practices in brokerage firms’ through board of directors who are responsible for the firm’s ability to achieve strategic competitiveness. However, most firms use Balance Scorecard in strategic planning and management.enCorporate governanceleadershipstock brokerage firmstock marketsNairobi Stock ExchangeThesis