Regulatory Alerts2021-01-01
The Report on the State of Corporate Governance of Issuers of Securities to the Public in Kenya 2021
The 2021 assessment of corporate governance practices among 48 Kenyan issuers resulted in an overall "Good Rating," with the banking sector emerging as the top performer and the agricultural sector ranking lowest. While the "rights of shareholders" principle showed the strongest improvement, overall performance declined slightly from previous years, driven by delays in reporting and failures to implement audit recommendations. Consequently, the Capital Markets Authority is prioritizing enforcement against non-compliant issuers, expanding capacity-building initiatives, and developing specialized governance frameworks for SMEs and Limited Liability Partnerships.
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