Category: Corporate Governance
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Governance Audits and Board Evaluations in Kenya: What the Law Requires, Who Must Do Them and Who Is Allowed to Conduct Them
In short, three separate exercises are confused with one another in Kenyan boardrooms. A board evaluation is the board assessing its own performance, and for listed companies, banks, insurers and state corporations it is required every year. A governance audit is an independent assessment of the company’s governance against a governance code, required every year…