By Macharia Kamau
The Institute of Certified Public Secretaries of Kenya (ICPSK) plans to launch an award to recognise good corporate governance.
The ICPSK champions of governance award will recognise practice and application of good governance in corporate boards as well as innovations by companies that entrench good governance in their business.
ICPSK chairman Jackson Maingi said the award would set apart governance issues from other corporate issues, noting that governance was a major challenge to many companies.
"Principles of good governance have now evolved from being academic exercises to practical practices in many entities both private and public," said Maingi.
"There are other awards with elements of governance, but we felt the best approach would be to handle governance issues separately from other challenges because of their centrality in management and the many issues that come with governance."
Transport sector
Maingi spoke during ICPSK’s annual dinner themed the transport sector; addressing the infrastructure and governance framework for economic stimuli.
"Roads account for over 80 per cent of passenger and cargo freight in the country and it is important to address the infrastructure and governance framework in the transport sector to ensure that current developments are in tandem with expectations of Vision 2030," said Maingi.
He added that it was important to address the infrastructure and governance framework in the transport sector to ensure the current developments are in tandem with expectations of Vision 2030.
