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A disclosure that more than a dozen listed companies at the Nairobi Securities Exchange (NSE) do not comply with corporate governance guidelines, is both shocking and also telling of the rot in Kenya’s corporate space.
The fact that directors at both Cooper Motors Corporation (CMC) and East Africa Portland Cement Company (EAPCC) were allowed to squabble and disrupt operations at their respective firms, is also a pointer to what poor corporate governance structures that exist.
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