Regulatory Alerts2024-01-01
The Report on The State of Corporate Governance Practices of Issuers of Securities to the Public in Kenya 2024
The 2024 Corporate Governance Report indicates a decline in the annual weighted overall governance score of issuers to 73.56%, largely attributed to the shift toward mandatory compliance under the POLD Regulations 2023 and the move to implementation-based assessments. Despite this drop, specific governance principles showed improvement, and the Authority is now prioritizing the integration of ESG standards and enhanced enforcement actions to ensure long-term market stability. To address emerging challenges, issuers are required to prioritize board independence, transparent policy disclosure, and proactive engagement with institutional investors.
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