Regulatory Alerts2023-01-01
The Report on the State of Corporate Governance of Issuers of Securities to the Public in Kenya 2023
Kenyan issuers of securities demonstrated a positive upward trend in corporate governance, with the overall weighted performance score rising to an impressive 75.71% in the 2022/2023 financial year. The Capital Markets Authority observed significant progress in embedding robust governance practices, particularly in accountability and risk management, though sectors like agriculture and construction require focused improvement in stakeholder relations. Moving forward, the Authority is formalizing mandatory requirements for corporate governance, integrating sustainability and IFRS S1 and S2 reporting standards, and implementing a risk-based assessment approach to drive further market stability and investor confidence.
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