Regulatory Alerts2015-01-01
Code of Corporate Governance Practices for Issuers of Securities to the Public 2015
The 2015 Code of Corporate Governance establishes mandatory principles and guidelines for listed and unlisted public companies in Kenya, transitioning from a 'comply or explain' to an 'apply or explain' framework. It mandates boards to adopt rigorous standards for director appointments, composition, and independence, while enforcing comprehensive transparency, ethical leadership, risk management, and audit committee oversight. Issuers must implement these requirements within one year and provide detailed annual disclosures regarding their compliance status and governance practices.
Share