Today’s administrative and management environment requires professionals to deal with dynamic markets, changing technologies and governance methods. In practice this means defining desired outcomes, nominating the best most skilled and talented people to guide the SOE and monitor management and operations, incentivizing hard work and good performance, and ensuring accountability for results. Good governance requires having effective corporate structures. This was the main intent of this research paper. The paper employed advanced statistical techniques such as Anova, PCA and Regression analysis to confirm the key hypotheses. From the findings, it was established that though Kenyan state owned enterprises had distinct corporate governance structures, there was need to employ a fair interplay of ethics and management in the process.