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Kenya

Governance code to inject discipline in Kenyan companies

NAIROBI, Kenya, Jul 6 – Managers and Board Members will face closer scrutiny with the enactment and implementation of the corporate governance code.

This is according to Scribe Services Kenya Partner Bernard Kiragu who says the code which is contained in the Capital Markets Act 2016, leaves no loopholes for mismanagement of companies.

“The kind of things that have previously happened will remain in the past, more like history because this code covers all the areas that could have previously gone wrong,” Kiragu says.

He adds that shareholders also have a role in the general governance of a company to ensure their investment is well managed.

Kiragu was speaking ahead of the corporate governance training to be held next week by Scribe Services in partnership with IFC. He spoke to Capital Business:

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