This report is the first of its kind in Kenya and is a culmination of stakeholder engagement and the regulatory journey that was initiated in 2012, culminating in the 2015 Code of Corporate Governance Practices for Issuers of Securities to the Public (the Code).
The report sources its data from the Corporate Governance Scorecard, evaluates key areas and seeks to analyze performance based on issuer performance, specific sectors and the entire market at large.
The Scorecard comprises of self-assessed metrics as well as validation of the assessment by the Authority on all the key focus areas that are the subject of this report. The key strengths and weaknesses observed from the analysis of the data collected from the Scorecard are outlined with detailed recommendations on areas of improvement.
We note that there are 62 listed companies and 5 issuers of corporate bonds, making a total of 67 issuers.