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Brm Proposal

In: Business and Management

Submitted By ianjege
Words 6953
Pages 28
CHAPTER ONE 2 1.0 INTRODUCTION 2 1.1 Background of the Study 2 1.2 Problem Statement 5 1.3 Research Problem 6 1.4 Specific Objective 7 1.5 Importance of the Study 7 1.6 Scope of the Study 8 1.7 Definition of Terms 8 1.8 Chapter Summary 9
CHAPTER TWO………………………………………………………………………………………………….10 2.0 LITERATURE REVIEW 10 2.1 Introduction 10 2.2 Theoretical Framework 10 2.3 Theory of Unclaimed Assets 13 2.4 Regulations of Unclaimed Financial Assets and Performance of Organizations 14 2.5 Chapter Summary 17 CHAPTER THREE 18 3.0 RESEARCH METHODOLOGY 18 3.1 Introduction 18 3.2 Research Design 18 3.3 Population of the Study 18 3.4 Data Collection 19 3.5 The Research Procedures 19 3.6 Data Analysis 19 3.7 Chapter Summary 20 REFERENCES: 21

CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the Study
Andreoli and Osibodu (2004) generally defined unclaimed property as a liability a company owes to an individual or entity when a debt or obligation remains outstanding after a specified period of time.
According to Ministry of Finance (2008) quite a number of billions are held by financial institutions as unclaimed is circulating in the financial system to earn interest.
On September 11th 2015 Unclaimed Financial Assets Authority (UFAA) reported to have collected 3.3billion shillings largely from banks (UFAA, 2015).
Ministry of finance report (2008) showed that overall universe of unclaimed financial assets in the financial system, the corporate sector and other institutions, including utilities, may exceed KSh. 200 billion. Actuaries estimate that about 60% or more of these unclaimed assets may never be reunited with their owners or beneficiaries. Reasons behind this is lack of unification include the passage of time, death of owners, missing records, lack of asset tracking mechanisms and the absence of legal and regulatory...

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