Kenya is a leader in corporate governance in East Africa. The Capital Markets Authority of Kenya has in the recent past issued corporate governance guidelines (The Code of Corporate Governance for Issuers) in addition to other regulations and guidelines to ensure that the corporate governance regime in Kenya is at par with best standards globally.
In November 2016, the King IV Report on corporate governance was released in South Africa. It incorporates the significant corporate governance and regulatory developments that have taken place since King III was issued in 2009. A key tenet of King IV is simplification and access. Such developments include: executive and directors’ remuneration, integrated reporting, responsible investing and linkage with the Code for Responsible Investing in South Africa (CRISA), the evolving role of social and ethics committees, mandated audit firm rotation and tendering, information security and protection, strategic risk and dependencies, group governance, board diversity and combined assurance.
Globally, many countries are going through a process of either reviewing their codes or developing new guidelines for governance to ensure that practices are aligned to the new realities of an ever changing business and regulatory environment.
Whilst listed companies are generally applying and implementing various codes and guidelines, non-profit organisations, private companies and entities in the public sector have experienced challenges in interpreting and adapting corporate governance codes to their particular circumstances.
Objectives of the Conference
Outcomes of the Conference