Regulatory Alerts2018-01-01
Report on the State of Corporate Governance for Issuers of Securities to the Public in Kenya 2018
This report establishes a corporate governance scorecard for 56 Kenyan issuers, revealing an overall fair weighted average score of 55% in compliance with the 2015 Code of Corporate Governance Practices. While most companies demonstrate basic commitment, critical deficiencies remain in stakeholder relations, whistleblowing policies, and the consistent implementation of governance audits. The Capital Markets Authority mandates remedial actions, including improved disclosure of board charters, risk management frameworks, and remuneration policies, while warning of enforcement measures for non-compliance with reporting obligations.
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