Regulatory Alerts2022-01-01
The Report on the State of Corporate Governance of Issuers of Securities to the Public in Kenya 2022
The 2022 assessment of 54 issuers reveals a sustained improvement in corporate governance practices, with the weighted average score increasing from 70.15% to 72.27%. While the banking sector achieved a leadership rating across all principles, most other sectors demonstrated good or fair performance, with the exception of the construction sector's needs improvement rating on stakeholder relations. The Authority intends to pursue enforcement actions against issuers repeatedly violating reporting requirements and will continue developing frameworks to address emerging governance challenges including ESG integration and LLP governance.
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