NAIROBI, Kenya, Jun 16 – The Nairobi Stock Exchange (NSE) has announced the appointment of two new members, Winnie Nyamute and Catherine Musakali, as directors of the board.
A statement from NSE chairman Eddy Njoroge on Tuesday said the two members were appointed following a competitive nomination process.
“The Board sent out requests for nominations from professional associations including the Institute of Certified Public Accountants of Kenya (ICPAK), the Law Society of Kenya (LSK), the Institute of Directors (IOD), the Institute of Certified Public Secretaries of Kenya (ICPSK) and the Association of Professional Societies in East Africa (APSEA),” the statement read in part.
Winnie Nyamute is currently a lecturer at the University of Nairobi School of Business and a member of the ICPAK Audit Quality Assurance Committee, a panel member of the ICPAK/NSE/CMA Financial Reporting (FiRe) Awards Scheme and a member of the Association of Women Accountants of Kenya (AWAK).
Ms Nyamute was involved in the Capital Markets Authority’s curriculum development for the Financial Proficiency examination in 2003.
Catherine Musakali is currently the Head of Legal and the Company Secretary of Shell in Kenya, Egypt and Tanzania.
Ms Musikali represented the Oil Industry in the drafting of the Energy Bill on behalf of the Government of Kenya.
“I am confident that these two appointments will strengthen the board and make for effective representation of the interests of institutional and retail investors as well as the public as provided for under our Articles of Association,” Mr Njoroge said.
Though the main NSE board elections took place at the end of April this year, the two positions were deliberately left vacant with the intention of filling them through the nomination of independent members.
Other members of the board include Chief Executive Officer Peter Mwangi, David Njoroge, Stanley Ngaine, George Maina and Andre Desimone.