The law affecting corporate governance in Kenya: a need for review
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Date
2008
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
International Company and Commercial Law Review
Abstract
There is increasing evidence that a country's legal system plays a significant role in determining the success of its corporate governance system. Research has shown that good corporate governance is more likely to be associated with countries with a strong legal system.1 However, in the recent move towards the privatisation of corporations, Kenya, like other developing countries, has adopted a corporate governance code that is drafted from a combination of codes from developed countries with
little thought being given to the underlying conditions of the market in which this code is to be enforced. A significant amount of training of company directors on the importance of good corporate governance is underway.
Description
Keywords
Codes of practice, Company law, Corporate governance, Directors' powers and duties, Kenya, Legislation, Shareholders' rights
Citation
Musikali, Lois M. The law affecting corporate governance in Kenya: a need for review. International Company and Commercial Law Review, 2008