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Corporate and Good Governance in Kenya

Corporate governance is a broad-ranging term that encompassing the mechanisms, processes and relations by which corporations are controlled and directed. This is anchored on inter alia, the key values of openness and inclusivity, integrity, leadership and accountability. Corporate governance is no longer a policy issue but a constitutional principle as enshrined under Article 10 (2) (c), 73 (2) and 232 of the Constitution of Kenya, 2010. The Capital Markets Act (CMA) depicts that the key goals of corporate governance is to realize shareholders long term value while taking into account interests of stakeholders.

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